Why is it necessary?
We conduct comprehensive technical audits of fintech companies' software to confirm its compliance with financial regulators in various jurisdictions, including Europe, Asia, and offshore jurisdictions. This service is particularly relevant when preparing for financial licenses, such as e-money, payment institution, investment, cryptocurrency, and trust licenses, as well as during ongoing regulatory oversight.
When is an audit necessary?
An audit may be required when applying for a license, at the request of a regulator during the licensing or oversight process, when transitioning to a new technical platform, or for preliminary verification of compliance with the standards and requirements of a specific jurisdiction. This helps reduce the time required to obtain a license, avoid regulatory concerns, and minimize legal and operational risks.
We conduct comprehensive technical audits of fintech companies' software to confirm its compliance with financial regulators in various jurisdictions, including Europe, Asia, and offshore jurisdictions. This service is particularly relevant when preparing for financial licenses, such as e-money, payment institution, investment, cryptocurrency, and trust licenses, as well as during ongoing regulatory oversight.
When is an audit necessary?
An audit may be required when applying for a license, at the request of a regulator during the licensing or oversight process, when transitioning to a new technical platform, or for preliminary verification of compliance with the standards and requirements of a specific jurisdiction. This helps reduce the time required to obtain a license, avoid regulatory concerns, and minimize legal and operational risks.
Audit Contents
We perform a technical analysis of all key components of the IT infrastructure:
Software architecture, including microservices, APIs, databases, DevOps processes, and the overall logic of system interactions.
Information security: personal data protection, access rights system, encryption, compliance with GDPR, PCI DSS, and ISO 27001 standards.
Payment solution and gateway logic, PSD2 compliance, and financial transaction processing reliability.
KYC and AML mechanisms: customer data processing, anti-money laundering, automated monitoring, logging systems, internal controls, auditing, and user activity tracking.
Cloud infrastructure and its configuration: security of solutions based on AWS, Azure, and GCP, fault tolerance, and SLA compliance.
Preparation and revision of technical documentation: architectural diagrams, business process descriptions, data processing logic, and materials for submission to the licensing authority.
Audit Results
Upon completion, you will receive:
A comprehensive technical report, prepared in English in accordance with the requirements of the selected jurisdiction.
An analysis of discrepancies with detailed comments and risk classification.
Specific recommendations for resolving identified issues.
Support during the document submission process: assistance in preparing responses to the regulator's technical inquiries, consultations during interviews and audits.
Our Advantages
We have experience working with regulatory authorities in the UK, Germany, Singapore, Hong Kong, Cyprus, the UAE, and other jurisdictions. Our team understands the specifics of fintech products: e-wallets, payment platforms, crowdfunding, crypto exchanges, brokerage and investment services. We audit both cloud solutions and on-premises infrastructures, strictly adhere to confidentiality, and operate in accordance with international standards.
We perform a technical analysis of all key components of the IT infrastructure:
Software architecture, including microservices, APIs, databases, DevOps processes, and the overall logic of system interactions.
Information security: personal data protection, access rights system, encryption, compliance with GDPR, PCI DSS, and ISO 27001 standards.
Payment solution and gateway logic, PSD2 compliance, and financial transaction processing reliability.
KYC and AML mechanisms: customer data processing, anti-money laundering, automated monitoring, logging systems, internal controls, auditing, and user activity tracking.
Cloud infrastructure and its configuration: security of solutions based on AWS, Azure, and GCP, fault tolerance, and SLA compliance.
Preparation and revision of technical documentation: architectural diagrams, business process descriptions, data processing logic, and materials for submission to the licensing authority.
Audit Results
Upon completion, you will receive:
A comprehensive technical report, prepared in English in accordance with the requirements of the selected jurisdiction.
An analysis of discrepancies with detailed comments and risk classification.
Specific recommendations for resolving identified issues.
Support during the document submission process: assistance in preparing responses to the regulator's technical inquiries, consultations during interviews and audits.
Our Advantages
We have experience working with regulatory authorities in the UK, Germany, Singapore, Hong Kong, Cyprus, the UAE, and other jurisdictions. Our team understands the specifics of fintech products: e-wallets, payment platforms, crowdfunding, crypto exchanges, brokerage and investment services. We audit both cloud solutions and on-premises infrastructures, strictly adhere to confidentiality, and operate in accordance with international standards.
Level 2 features:
Level 2 is suitable for companies with a moderate transaction volume. Self-assessment is generally permitted, but confirmation through an external audit may be required at the request of banks or partners.
Level 1 is designed for organizations with a large transaction volume. A full audit by a qualified auditor (QSA) is required, with a detailed review of the infrastructure, security policies, and processes.
What the service includes:
We analyze the current state of information security and infrastructure, identifying any non-compliance with standard requirements. Based on the analysis, we create a step-by-step roadmap for corrections. We assist in setting up and optimizing networks, access control systems, monitoring, and encryption. We develop internal security policies and train staff.
We support interactions with the audit firm, assist with auditing, and assist with obtaining an official certificate of compliance. After project completion, we remain in touch to maintain future compliance and prepare for annual recertification.
Result:
The company receives PCI DSS compliance certification, demonstrating a high level of data protection to partners and clients, and reducing the risk of fines and rejections from banks and payment systems. The company's overall information security is also significantly strengthened.
Our advantages:
We have expertise in the fintech industry, understand the architecture of typical solutions, and select the optimal path to certification. We work with reliable audit partners, focusing on both technical and organizational aspects. We support our clients through the entire process and beyond, should re-certification be necessary.
Level 2 is suitable for companies with a moderate transaction volume. Self-assessment is generally permitted, but confirmation through an external audit may be required at the request of banks or partners.
Level 1 is designed for organizations with a large transaction volume. A full audit by a qualified auditor (QSA) is required, with a detailed review of the infrastructure, security policies, and processes.
What the service includes:
We analyze the current state of information security and infrastructure, identifying any non-compliance with standard requirements. Based on the analysis, we create a step-by-step roadmap for corrections. We assist in setting up and optimizing networks, access control systems, monitoring, and encryption. We develop internal security policies and train staff.
We support interactions with the audit firm, assist with auditing, and assist with obtaining an official certificate of compliance. After project completion, we remain in touch to maintain future compliance and prepare for annual recertification.
Result:
The company receives PCI DSS compliance certification, demonstrating a high level of data protection to partners and clients, and reducing the risk of fines and rejections from banks and payment systems. The company's overall information security is also significantly strengthened.
Our advantages:
We have expertise in the fintech industry, understand the architecture of typical solutions, and select the optimal path to certification. We work with reliable audit partners, focusing on both technical and organizational aspects. We support our clients through the entire process and beyond, should re-certification be necessary.
Software audit for licensing
Description:
We provide a full range of services for preparing and obtaining PCI DSS certification—the international standard for payment card data security. Certification is required for all fintech companies that accept, process, store, or transmit card data.
Our team supports clients at every stage, from analyzing their current infrastructure to final certification. We work with companies requiring Level 2 certification as well as organizations seeking full Level 1 certification.
Who is this service suitable for:
This service is useful for payment systems, processing centers, neobanks, card issuing services, fintech startups with card storage capabilities, marketplaces, and SaaS platforms that process customer transactions.
We provide a full range of services for preparing and obtaining PCI DSS certification—the international standard for payment card data security. Certification is required for all fintech companies that accept, process, store, or transmit card data.
Our team supports clients at every stage, from analyzing their current infrastructure to final certification. We work with companies requiring Level 2 certification as well as organizations seeking full Level 1 certification.
Who is this service suitable for:
This service is useful for payment systems, processing centers, neobanks, card issuing services, fintech startups with card storage capabilities, marketplaces, and SaaS platforms that process customer transactions.
Obtaining PCI DSS (Level 1 Level 2)