Remittance Software Access for SPI Licence Applicants

What Is an SPI Licence and What Software Do I Need?

SPI is an FCA registration route for eligible payment-service businesses. The transaction measure is an average of no more than €3 million per month over a 12-month period, not a simple monthly allowance. Confirm eligibility and other conditions with the FCA and your advisers. Remitz’s £79/month applicant software is non-operational, with no setup fee.

• Sandbox to practise AML/KYC and compliance workflows
• Prepare FCA documentation with platform evidence
• Train staff on remittance processing procedures
• Operational upgrade subject to authorisation, provider readiness, configuration and testing

Safeguarding: what changes when you step up to API

Confirm safeguarding requirements for your permission and business model with the FCA and your advisers. Requirements differ between payment and e-money institutions, and any voluntary safeguarding arrangement needs appropriate controls.

Plan the records and reconciliation process with your finance team. Remitz does not hold customer funds or supply safeguarding accounts. Validate available ledger, provider and transaction records rather than assuming they perform safeguarding reconciliation.

Remitz does not currently provide a purpose-built safeguarding reconciliation module or automated safeguarding attestation reporting. If your permission requires daily safeguarding reconciliation, that process sits with your finance function, using the records above.