One of the most significant operational challenges facing newly licensed or acquired payment institutions and e-money firms is securing banking relationships — specifically, obtaining safeguarding accounts, operational accounts, and correspondent banking arrangements from established banks that are increasingly cautious about onboarding regulated fintech and payments businesses. Acumen Global Compliance provides practical Banking Setup advisory services to help regulated firms navigate the de-risking landscape and successfully establish the banking infrastructure their business requires. Our service covers identification of banking partners with demonstrated appetite for payment institution and EMI clients, preparation of the compliance, AML, and business documentation packages that banks require during their onboarding due diligence, coaching your management team through the bank’s KYB (Know Your Business) process, and escalation support where onboarding applications are delayed or declined. We leverage our existing relationships with UK and international banking partners to help your business secure the accounts it needs to operate — and to safeguard customer funds in compliance with regulatory requirements.