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Bank Boutique

First global one-stop shop to meet all your requirements

Bank Boutique honors one of the most prestigious models in history — ingenious industry specialists and platform for the high network individuals to browse off the shelf financial institutions worldwide.

Honesty, excellent performance and lawful cooperation with each other are something that we value and embed in Bank Boutique’s brand identity, with valuable and secure services as an escrow and audit.

Kindly consider that Bank Boutique cooperates with prime banking institutions available by special requests.

Europe, Asia, Canada, USA, CIS

Especially if our clients’ activities are related to financial services, the availability of a specialized license allows to provide full service to customers.

Our professionals are ready to assist you and provide more detailed information regarding a catalog of financial institutions in different jurisdictions: Europe (Czech Republic, Lithuania, Latvia, Malta, Moldova and the most popular United Kingdom), Asia (Hong Kong), North America (Canada).

Catalogue of available banks

Buy a digital bank or a classical bank with Bank Boutique

Europe

[more banks]

united kingdom

[more banks]

Canada & USA

[more banks]

asia

[more banks]

CIS countries

[more banks]

Financial licenses

The difference between Electronic money institution (EMI) and Payment Institution (PI) is that EMI in addition to the services provided by PI are entitled to issue Electronic Money. It means that EMI allowed storing clients’ funds for a longer period what Payment Institutions usually not allowed. EMI allows the issue of payment cards, e-wallets, and other payment instruments requiring storage of the client funds.

Bank Boutique takes care of all aspects and no branch visit required for fully executing bank account for your digital bank.

Electronic money institution

is a licensed financial institution which engages in e-money related and payment services.

There are two types of EMI licenses: SEMI (small electronic money institution) license and AEMI (authorized electronic money institution) license.

semi

Banks with SEMI (small electronic money institution) license are authorized to provide payment and banking services without the licensing capital or an AML team. The limits lie in the amount of money the business can run a payment service for or the amount of money issued. The limit for payment services is EUR 36,000,000 per year, whereas the limitation for e-money issuance is EUR 5,000,000 per year. Small EMI is faster to obtain: the average licensing time is between 3 to 4 months.

aemi

Banks with AEMI (authorized electronic money institution) have full right of payment service provision and e-money issuance with no limitations. AEMI (authorized electronic money institution) license requires a licensing capital in order to obtain it. Institution shall provide details on how an institution will ensure the safety of user funds, as well as information about shareholders and the team, which should be no less than 5 or 6 employees. The AEMI license is longer to obtain and may take up to 7 months.

Payment institutions

payment institutions under the PSD

The Financial Conduct Authority has a two-tier regulatory structure for payment institutions under the PSD: Small Payment Institution (SPI) and Authorised Payment Institution (API). Small Payment Institutions (SPIs) are able to upgrade to API status.

SMALL PAYMENT INSTITUTION (SPI)

A Small Payment Institution license enables the license holder to offer the following:

— services enabling cash to be placed on a payment account and all of the operations required for operating a payment account;

— services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;

— the execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider, including, execution of direct debits, including one-off direct debits; execution of payment transactions through a payment card or a similar device; execution of credit transfers, including standing orders;

— the execution of payment transactions where the funds are covered by a credit line for a payment service user, including the execution of direct debits, including one-off direct debits;

-execution of payment transactions through a payment card or a similar device; execution of credit transfers, including standing orders;

— issuing payment instruments or acquiring payment transactions;

— money remittance.

AUTHORISED PAYMENT INSTITUTION (API)

A Payment Institution License in the UK, also known as the Authorised Payment Institution License and the API License enables the license holder to offer the following:

— services enabling cash to be placed on a payment account and all of the operations required for operating a payment account;

— services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;

— the execution of payment transactions where the funds are covered by a credit line for a payment service user, including the execution of direct debits, including one-off direct debits;

— execution of payment transactions through a payment card or a similar device;

— execution of credit transfers, including standing orders;

— issuing payment instruments or acquiring payment transactions;

— money remittance.

MONEY SERVICE OPERATOR LICENSE (MSO)

is a license, which allows a company to provide: money exchange services and remittance services.

MSO license is granted by the Hong Kong Customs and Excise Department.

License has a validity period of 2 years.

MONEY SERVICE BUSINESS LICENSE (MSB)

is a license, which allows a company to provide: money exchange services and remittance services.

MSB license is granted by the FINTRAC (Financial Transactions and Reports Analysis Center of Canada) or FinCEN, at the United States Department of the Treasury.

Open Banking

is a banking practice that securely shares financial information, such as consumer banking transactions and other financial data, to third-party financial service providers.

There are two types of companies that can provide open banking services- AISP (Account information service provider) license and PISPs (Payment initiation service provider) license.

AISP

Companies with an AISP license, are financial institutions that provide access to financial data from accounts held with other financial institutions. AISP open banking provides “read-only” access to financial information. An AISP API is needed to access open banking AIS data. APIs are connections to banks and open banking AISP data can only be accessed with the consent from customers. The PSD2 account information service provider handles customer consent during this process. The PSD2 AISP will explain to the user what data is accessed and who it will be shared with.

PISP

Companies with an PISP license, offer services that use online banking to make instant online payments without using a credit or debit card. PISP open banking provides “read-and-write” access to financial information. This means that rather than only viewing data on an account, PISPs are authorised to make payments on behalf of customers.

Bank Boutique cooperates directly with regulators

Canada

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

UK

The Financial Conduct Authority ( FCA)

singapure

The Monetary Authority of Singapore (MAS)

ireland

National Bank of Ireland

Czech R.

The Czech National Bank

Hong-Kong

The Commissioner of Customs & Excise (CCE)

malta

The Malta Financial Services Authority (MFSA)

USA

the Financial Crimes Enforcement Network (FinCEN)

spain

The bank of Spain

Lithuania

the Central Bank of Lithuania

Romania

The National Bank of Romania (NBR)

Cyprus

The Central Bank of Cyprus (CBC)

OUR LICENSES LIST

Bank Boutique takes care of all aspects and no branch visit required for selling bank.

The first step is to send a request for the call and our experts will contact with you to introduce you with Bank Boutique and provided services.

The second step is to sign Non Disclosure Agreement (NDA) and assess business requirements.

The third step is to publish your digital bank or classical bank with strong restrictions described in our Agreement.

Our professional lawyers will provide you with qualified assistance throughout and even after the completion of the purchasing process. Selling a financial institution has never been as enjoyable and simple as with Bank Boutique.

Request details

Our consultants will be in touch with you in your preferred time

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Bank Boutique

Europe, Asia, Canada, USA, CIS

Catalogue of available banks

Europe

united kingdom

Canada & USA

asia

CIS countries

Financial licenses

Electronic money institution

semi

aemi

Payment institutions

SMALL PAYMENT INSTITUTION (SPI)

AUTHORISED PAYMENT INSTITUTION (API)

MONEY SERVICE OPERATOR LICENSE (MSO)

MONEY SERVICE BUSINESS LICENSE (MSB)

Open Banking

AISP

PISP

Bank Boutique cooperates directly with regulators

Canada

UK

singapure

ireland

Czech R.

Hong-Kong

malta

USA

spain

Lithuania

Romania

Cyprus

Request details

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