FCA approve a consumer credit license enabling us to provide personal loans and issue credit cards as well as carry out other consumer credit activities.
Technology evaluation starts, full list of technology vendors considered. Application process for full banking licence begins.
Extensive market research completed to identify consumer preferences, market trends and competitor offerings.
Regulatory Pre-Application Process. Generation of Regulatory Business Plan.
Banking platform vendor selected. Full banking licence application submitted to the Prudential Regulatory Authority
Full banking licence Authorisation with Restriction granted. Crypto Wallet/Account Launch
Full Banking Licence (without Restriction) granted. Banking Services Launch. Phase 1 to include: • Current Account • Savings • Unsecured Loan • Business Lending
Crypto Account Services Expansion • Cryptomotiv8 (final features) • CryptoG8 (own FIAT gateway/exchange)