022 - Buying A FinTech Company VS Applying For Your Own License

<p><span style="font-weight: 400;">Today Yana is going to share the pros and cons and different approaches to buying an already established FinTech company versus starting a new one and applying for your own license. Yana is in the middle of a project that actually involved both, so she feels she has a unique view on comparing the results and efforts. Listen as Yana describes the main advantage and disadvantage of buying a licensed company, plus so much more on this</span> <a href= "https://directory.libsyn.com/shows/view/id/compliancethatmakessense"> <span style="font-weight: 400;">Compliance That Makes Sense</span></a> <span style= "font-weight: 400;">episode. </span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p><strong>Today's episode:</strong></p> <ul> <li><span style="font-weight: 400;">[00:34] Hello, everybody!</span></li> <li><span style="font-weight: 400;">[01:50] The first advantage of buying a licensed company is that you can continue operating the business.</span></li> <li><span style="font-weight: 400;">[02:46] Yana shares the major disadvantage of buying a licensed company.</span></li> <li><span style="font-weight: 400;">[04:01] Can you explain what happens when you buy a business/company?</span></li> <li><span style="font-weight: 400;">[05:48] Yana speaks about an acquisition scenario.</span></li> <li><span style="font-weight: 400;">[08:00] You may not always know what they include in the scope when you buy in a different country.</span></li> <li><span style="font-weight: 400;">[09:51] Another important change you need to discuss the purchase with your bank.</span></li> <li><span style="font-weight: 400;">[11:50] Yana speaks about how the change in control is getting approved by the regulators.</span></li> <li><span style="font-weight: 400;">[13:01] There is almost always a need to submit a new regulatory plan with one important exemption.</span></li> <li><span style="font-weight: