Goals of the blog


Since 13.01.2018, various FinTech startups fall under one of the newly regulated PSD2 authorisations in Germany or are already being confronted with existing licensing requirements in the start-up phase as a FinTech. This despite the fact that their strengths lie in the creative development of customer-friendly use cases and in following up on established processes, rather than the successful implementation of existing standards and rules.

In this blog, you’ll be assisted with financial supervision as a PSD2 licence novice at the outset to show the positive potential of PSD2 and to give practical tips for the most important steps in seeking a licence. The “painful” effects of a licence requirement will also be addressed and solutions will be offered.

I will happily accept feedback and suggestions in order to set priorities or expand my own questions. This blog, however, represents my personal views. Unfortunately, it cannot address highly specialised legal disputes specific to certain companies in the topics it covers, as PDS2 content is for such purposes specific to products and services.

The goal of this blog is to help start-up executives – even without a background in compliance or law – understand what regulation means for them.

The figo Compliance Blog will be supplemented by specially selected guest contributions which will shed light on the PSD2 and general compliance topics in various ways with the aim is to explicitly incorporate the views of FinTech entrepreneurs.

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The author

Cornelia Schwertner has a business law background and worked in the Schwertner_CorneliaForensic Services consulting department at PwC. Here she advised numerous clients from the financial services sector on identification and prevention of fraud, money laundering and or the violation of financial sanctions, in addition to conducting special investigations to detect according offences. Subsequently, she dealt personally with such functions as an anti-money laundering and anti-fraud officer in the industry.

Since 2016, she has been working with Banking Service Provider and FinTech figo GmbH on “Next Generation” Compliance, first as Head of Governance, Risk & Compliance and since August 2018 as Chief Risk Officer ( – Twitter: @co_schwertner).