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Risk Management for Payment Services Firms
The FCA regulates over 150 payments firms and expects the sector to have reviewed their prudential risk management arrangements and ensure financial resilience in an increasingly competitive sector. Most payments firms do not have adequate processes in place and many are still not self-sustaining.
Becoming financially resilient and holding the right amount of capital and liquid assets requires a robust and proportionate risk assessment and scenario testing.
At Tesaka, we can help you with these assessments. We can use our wide experience to help you understand the risks to your business and your customers to ensure you know how much financial resource you need to set aside. We can:
- – review your existing documents and deliver a remediation plan;
- – provide templates so you can write your own risk management framework
- – draft you documents for you
We can also provide a range of board training and workshops to upskill your team.
With our technology partners, we can provide a risk management platform capable of risk assessment and scenario testing.
Business model assessment
Board training
Risk management template
Risk appetite
Key risk indicators
Why choose Tesaka?
- Risk experts
- Payments firms experience
- Proportionate approach