Bank of London supports pre-regulated entities in the process of obtaining FCA authorisation or other regulatory approval to operate as payment institutions, e-money firms, investment managers, or other regulated financial services providers.
Navigating the authorisation process while building operational infrastructure is challenging. We provide banking services designed to support your regulatory application and prepare you for operating at scale once authorised.
Dedicated relationship manager
Gain access to a dedicated relationship team with deep expertise in the financial services and fintech sectors. Whether you're launching a new proposition or scaling globally, we provide proactive guidance on banking integration, regulatory readiness, and operational resilience. Our partnership approach ensures you're supported through every stage of growth, with the right infrastructure, insight, and advocacy to move fast.
Operating Account for pre-authorised operations
Open an operating account to manage your business funds during the authorisation process. Demonstrate to regulators that you have established banking relationships and operational readiness.
For businesses applying for payment institution or e-money authorisation, we can establish safeguarding account structures in readiness for go-live once authorised. This demonstrates to the FCA that you have compliant client money arrangements in place.
Access the same account structures, payment capabilities, and API infrastructure used by fully regulated clients. When you receive authorisation, you’re ready to scale immediately without changing banking providers or re-integrating systems.
Deposit services
Competitive deposit products for pre-regulated entities managing surplus liquidity or requiring secure placement of funds. All deposits held 100% at the Bank of England, fully liquid and FSCS protected.
Choose from operating, notice, and virtual accounts with multi-currency support and granular controls. All client funds are held 100% at the Bank of England for maximum security and resilience.
