How long does it take to sign the contract with the Principal License Holder providing us with regulatory coverage?

This depends on how ready YOU are.

With a NBFI (Non-Banking Financial Institution) the due diligence parts takes between 2-3 weeks, and contract negotiation and flow of funds, etc. can be done in parallel. It takes between 3-4 weeks to get an agreement signed.

With a banking financial institution, the numbers/timetable above are easily doubled.

To go live, depends on your technical prowess and readiness. Usually clients go-live in about 3-4 weeks after that with NBFIs and between 6-8 weeks with an FI.

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This page was last updated on February 8, 2023.

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