Back to: Blog Author: admin Published on: October 25, 2023

How to Get an AISP License in Poland: A Comprehensive Guide

The fintech landscape in Poland is vibrant, offering vast opportunities for innovators. If you’re aiming to operate as an Account Information Service Provider (AISP) within this ecosystem, understanding the licensing process is essential. This article breaks down the steps to obtain an AISP license in Poland.

1. Understand the Role of AISP in Poland:

An AISP provides consolidated information about payment accounts to users after obtaining their explicit consent. They play a pivotal role in offering services like financial management tools, budgeting apps, and more.

2. Familiarize with Local Regulations:

In Poland, the AISP license process is governed by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) and is in line with the EU’s Revised Payment Services Directive (PSD2).

3. Prepare a Detailed Application:

Your application should include:
  • Business Plan: A comprehensive outline of your service, target audience, financial projections, and operational strategy.
  • Technical Documentation: Details about your IT infrastructure, security protocols, data protection measures, and system reliability.
  • Proof of Financial Solvency: Showcase your financial stability with relevant financial statements or evidence of necessary capital.

4. Emphasize Security Protocols:

Data security is paramount. Ensure you have:
  • Top-Grade Encryption: For safeguarding data during transfers.
  • Regular Security Audits: To identify and fix vulnerabilities.
  • Multi-Factor Authentication: An added layer of protection for users.

5. User Consent Mechanism:

Implement transparent protocols to obtain and record user consent. Consent should be explicit, and users must be aware of the data you’ll access and how you’ll use it.

6. Submit Your Application to KNF:

Once your application is complete, submit it to the Polish Financial Supervision Authority for review. Make sure every section of your application is thoroughly filled out to avoid unnecessary delays.

7. Pay Application Processing Fee:

The KNF will require a fee for processing your application. Ensure you understand the exact amount and make timely payments.

8. Be Ready for Assessment:

KNF might conduct evaluations to gauge your readiness. Prepare for potential interviews and be ready to provide additional information or clarifications.

9. Stay Updated on Regulations:

Regulations in the fintech sector can evolve. Regularly review updates from KNF and other relevant bodies to ensure you remain compliant.

10. Maintain Continuous Compliance:

After obtaining your AISP license, ongoing compliance is crucial. Regular internal audits, team training, and system updates are vital to retaining your license. Conclusion: The Polish fintech sector is ripe with opportunities. Securing an AISP license places your enterprise at the helm of financial innovation. While the process may seem daunting, with meticulous preparation and a clear understanding of regulatory requirements, you’ll be well on your way to becoming a key player in Poland’s digital finance scene. Powodzenia! (Good luck!)

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