top of page

Open Banking - AIS, PISP & RAISP Authorisation & Registration

We can provide full end-to-end support on Open Banking (AIS, PISP and RAISP)
licence authorisation and registration applications. 

Our services for Open Banking providers

FCA licence authorisation

We assist open banking clients in the process of obtaining the necessary registration and authorisation from the FCA, providing guidance on the application process, documentation requirements, and compliance with regulatory standards.

Regulatory Compliance

We can help firms comply with relevant regulations, such as PSD2 and Open Banking Implementation Entity (OBIE) standards. We assess and enhance compliance frameworks, policies, and procedures to meet regulatory requirements.

API Implementation and Integration

We offer expertise in implementing and integrating APIs for open banking platforms, enabling secure and compliant data sharing. We ensure compliance with API standards and regulatory guidelines.

Compliance Audits and Reviews

We conduct compliance audits and reviews to assess open banking clients' adherence to regulatory obligations. We identify areas for improvement, provide recommendations, and support remedial actions to maintain compliance.

Regulatory Reporting

We assist open banking clients in preparing and submitting regulatory reports required by relevant authorities. We ensure accurate and timely reporting, reducing the risk of non-compliance and associated penalties.

Training and Education

We provide customised training programs to educate open banking clients' teams on regulatory requirements, compliance best practices, and emerging trends in the open banking landscape.

Why leading firms choose us as their partner.

"We wanted to share our positive experience working with Buckingham Capital Consulting for our AIS and PISP authorisation requirements. Their expertise and guidance have played a crucial role in helping us navigate the complexities of the Open Banking landscape and successfully obtain our licence.

Buckingham Capital Consulting's in-depth knowledge of the open banking regulations, combined with their practical and tailored approach, has been instrumental in our journey. Their team has shown a genuine commitment to our success, providing us with strategic advice and assisting us throughout the entire process.

With their expert guidance, we have been able to implement robust security measures, develop efficient API integration, and ensure seamless data sharing in compliance with regulatory requirements. Their extensive experience in the Open Banking space has given us confidence.

We highly recommend Buckingham Capital Consulting to anyone seeking AIS or PISP licencing or compliance support."

Open Banking Licence Authorisation Guide


Understanding the Regulatory Landscape


To begin, it is crucial to understand the regulatory landscape surrounding open banking activities. We will help you navigate the Payment Services Regulations 2017 (PSRs 2017), Electronic Money Regulations 2011 (EMRs), and the relevant FCA rules and guidance that govern the open banking sector. Our team possesses extensive knowledge of these regulations and will provide detailed guidance to ensure your operations align with the requirements.

Determining the Appropriate Licence

We will work closely with you to assess your specific business activities and determine the most suitable licence for your open banking operations. Whether you require an AIS, PISP, or RAISP licence, we will provide a comprehensive analysis of the licensing options available to you and guide you in choosing the licence that best aligns with your business objectives.

Identifying Threshold Conditions


Threshold conditions play a crucial role in the FCA licence authorisation process. Our team will assist you in understanding and meeting the specific threshold conditions for AIS, PISP, or RAISP licences. This includes ensuring you have adequate financial resources to support your operations, implementing suitable risk management systems to mitigate potential risks, appointing individuals with the required expertise and competence, and establishing proper corporate governance structures.

Preparing the FCA Authorisation Application


We understand that a well-prepared licence application is essential for a successful outcome. Our experienced consultants will work closely with you to prepare a comprehensive application that meets the FCA's requirements. This includes assisting with the preparation of a detailed business plan that outlines your open banking strategy, financial forecasts, compliance policies and procedures, governance arrangements, and risk management frameworks. We will ensure that all necessary documents are accurately prepared and submitted in a timely manner, enhancing your chances of a successful application.

Navigating the Regulatory Process

Once your licence application is submitted, our team will provide guidance and support throughout the regulatory process. We will act as your liaison with the FCA, addressing any queries or requests for additional information that may arise during the review process. Our expertise and experience in dealing with regulatory authorities will help streamline the process, ensuring effective communication and a smooth application journey.

Compliance with Ongoing Obligations


Obtaining an FCA licence is just the beginning of your compliance journey. Our consultants will help you establish robust compliance frameworks and procedures to meet your ongoing regulatory obligations. This includes implementing effective Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, robust data protection measures, comprehensive risk management systems, and adherence to the Principles for Businesses (PRIN). We will provide guidance on reporting requirements, helping you stay compliant with regulatory guidelines.

Obtaining FCA licence authorisation for open banking activities requires a comprehensive understanding of the regulatory landscape, meticulous planning, and a commitment to ongoing compliance. At Buckingham Capital Consulting, we are dedicated to providing you with the expertise and support needed to successfully navigate the licence authorisation process. 

Our People

Our team of regulatory and compliance experts boasts diverse backgrounds spanning various sectors, providing a holistic understanding of our clients' challenges. With our service being led by seasoned professionals, you'll have direct access to senior experts, often at the director level, ensuring personalised attention. Combining robust regulatory knowledge with commercial insight, our team delves deep into your business to tailor unique solutions specifically suited to your needs.

Seeking something more bespoke or not listed above? Contact us to discuss your unique requirements. With our expertise and experience in financial services, chances are we can assist you effectively.

bottom of page