A sponsoring license holder, also known as a sponsoring entity, is a financial institution or other organization that holds a license or approval from a regulatory agency to provide certain financial products or services. The sponsoring license holder is responsible…
A sponsor license agreement is a legally binding agreement between a financial institution or other organization (the sponsor) and a regulatory agency, such as a central bank or other financial regulator. It sets out the terms and conditions under which…
In the banking, payments, and licensing industry, a sponsor may refer to a financial institution or other organization that helps facilitate the process of obtaining licenses or approvals for financial products or services. This can include helping to prepare and…