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Fintech Belgium Summit 2018 - Payments - National Bank of Belgium by Reinout Temerman and Catherine Houssa

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Reinout Temerman
Catherine Houssa

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Fintech Belgium Summit 2018 - Payments - National Bank of Belgium by Reinout Temerman and Catherine Houssa

  1. 1. NATIONAL BANK OF BELGIUM Reinout TEMMERMAN FinTech Belgium 22 October 2018 Contact: fintech@nbb.be
  2. 2. FinTech Belgium 22/102 / 4 Contact: fintech@nbb.be FINTECH RETAIL PAYMENT SECTOR IN BELGIUM Evolution PI/ELMI since inception in 2007
  3. 3. FinTech Belgium 22/103 / 4 Contact: fintech@nbb.be OBSERVATIONS ON THE FUTURE ELMI IS GRADUALLY REDUCING  future of prepaid in post PSD2 era ? PI WILL GROW SIGNIFICANTLY IN THE (NEAR) FUTURE  Belgian start-ups in post PSD2 era  Brexit: well-established, highly professional firms with strong business models moving to BE
  4. 4. FinTech Belgium 22/104 / 4 Contact: fintech@nbb.be ► Business (qualification services): explain in detail the precise information flows behind your payment business: front-end & back-end. Use schematics & be detailed ► ‘Central Belgian administration’: no PO-boxes & avoidance of regulatory shopping ► No ‘kamikaze’ style license applications ► ‘Do your Homework’: seek regulatory guidance and ask questions before submitting application file ► ‘Be detailed’: be consistent & explain all assumptions underlying market analyses, business plan & figures ► Do not submit a file with gaps in it  3 months timing starts after complete file! ► Do not underestimate us & do not overestimate yourselves in terms of time you need to work on the application file DO’s & DON’Ts WHEN DEALING WITH THE NATIONAL BANK OF BELGIUM

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