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.