In its latest announcement, Tintra PLC, a fast-growing RegTech company, has unveiled plans to secure banking licenses on four continents, to enable it to operate to the highest regulatory standards as it revolutionizes the financial market. global.
Focused on building a socially and fiscally inclusive banking platform that will make global market access as seamless in Africa, Latin America or Asia tomorrow as it is in Europe or the United States today’ Today, Tintra is already developing an advanced RegTech infrastructure solidly built on artificial intelligence and machine learning to eliminate bias in global compliance.
In March, the company announced a strategic decision to apply for a small bank license in the UK, as well as EMI clearance from the FCA, to add to licenses already announced in Qatar and Puerto Rico.
This month, the fourth piece of the puzzle was announced when Tintra confirmed that it had formed a company in Singapore with the intention of hiring a team there to begin the process of understanding the regulatory steps towards a license application. bank in Singapore in 2023.
In doing so, RegTech’s forward-thinking company is ensuring that it fulfills its regulatory-focused technology business model, while allowing it to move beyond “tech packaging” and become a fully operational bank, without the challenges and constraints of legacy infrastructure.
Richard Shearer, CEO and Founder of Tintra PLC comments: “At the heart of our work, we are building financial services infrastructure using deeply innovative and patentable AI and ML technology to solve compliance challenges in the emerging world that others are not. this we have always seen, we want to be regulated at the highest level and “be the bank, not just the fintech”, as we discuss internally.
“In the next three months or so, we will be processing banking license applications on three continents – something I am extremely proud the team has undertaken – and by next year we will increase that number to four. This means we position the entire business to operate to the highest regulatory standards by enforcing the collective requirements set by these three major global regulators for strong governance, controls and risk management practices. “Where other fintech or regtech companies can only iterate, Tintra will truly innovate. We’re building something game-changing here, and every week brings vision closer to reality.”