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Viva.com Group obtains UK E-Money Institution authorisation from FCA
Viva.com Group, a leading European cloud-based neobank, has received E-Money Institution authorisation for its UK subsidiary, Vivawallet.com Ltd, from the Financial Conduct Authority (FCA). This licensing milestone marks a significant step forward in Viva.com’s strategic expansion efforts in the UK, complementing its extensive presence across 24 markets in Europe.
On a mission to change the way businesses pay and get paid, Viva.com offers end-to-end advanced digital omnichannel payment solutions and embedded financial services. Viva.com works with businesses of all sizes spanning from multinational corporations to SMEs in all industries and specialised vertical markets like Black Cabs, as well as strategic partners, including independent software and hardware vendors.
The FCA authorisation will allow Viva.com’s UK subsidiary to enhance and extend the suite of innovative, regulated and reliable payment solutions it delivers, reflecting its continuous commitment to high standards of financial regulation, supervision and governance in the post-Brexit era.
Haris Karonis, Founder & CEO, Viva.com Group, comments: “At Viva.com, we hold firm in our commitment to accountability, transparency, and continuous compliance with evolving regulatory frameworks, as we build a pan-European one-stop-shop neobank.
We are pleased that our UK subsidiary has managed to meet the high standards of the FCA, one of the top regulators of the financial services industry. This achievement stands as a testament to the commitment and hard work of our high-performing teams in the EEA and UK, towards building a robust fully cloud-based, innovative payments technology, combined with a localised compliance and internal controls environment, in full compliance with the UK regulatory framework. The FCA authorisation complements the breadth of our technological and operational capacity and puts Viva.com in the best position to serve any business regardless their location and territorial reach within the 24 European markets of our operations.”
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