We assess licensing requirements and develop strategies that align with current and future needs. We manage the license acquisition and maintenance process for state money transmission licenses, lending and servicing licenses, mortgage, digital asset licenses, and more.
FS Vector combines unparalleled licensing expertise and experience with innovative licensing technology to offer companies and compliance professionals confidence that they have an accurate and comprehensive view of their licensing obligations. The result is unmatched efficiency, compliance, and scalability.
- Go-To-Market and Licensing Strategy
- License Applications and Acquisition
- License Maintenance, including Reports and Renewals
- Examination Support and Management
- Licensing Technology and Automation Solutions
- Product Development for Licensed Companies
- State Regulatory Relations Strategy and Execution
- Compliance Maturation for Licensed Companies
- Change of Control Strategy and Filings
- RIA Registration
- What we offer
Licensing Support Services
FS Vectors offers a range of solutions designed to provide flexibility and peace of mind for those managing compliance obligations. Whether you are just getting started or augmenting in-house compliance capabilities, our expert services allow you to acquire and maintain licenses with efficiency and stay ahead of licensing deadlines and other requirements while managing tight budgets.
We leverage our proprietary regtech licensing platform that allows our team to track all if your licensing requirements and obligations against a nationwide database of state-by-state statutory requirements.
New License Applications
The license application process can be confusing and cumbersome for start-ups and existing companies alike. Requirements vary widely across jurisdictions, and submissions often necessitate the collection and handling of sensitive information about the business and company officers, directors, and owners. FS Vector provides clients with a trusted partner for the preparation and submission of any type of state license.
License Amendments
Successful financial services companies are often defined by growth and innovation. During these periods of change, FS Vector has the resources to manage licensing updates so that our clients can focus on bringing new products and services to market. We can assist with virtually any license amendment, including:
- Change of control
- Change of officer or executives
- Business Plan update
- Relocation
- Name change
- Addition of trade name
- Surrender
License Maintenance
Maintaining licensure requires compliance teams to track numerous renewal deadlines and reporting requirements, a process that becomes significantly more burdensome as companies expand into multiple states or business lines. FS Vector offers managed services that relieve in-house teams of these reoccurring tasks while providing confidence that compliance obligations are being met.
Our team works closely with you from the beginning to identify and map renewal and reporting requirements, and keeps you up to date on changing regulations and compliance obligations to ensure you maintain a healthy license.
Our licensing regtech platform built from the ground up by licensing professionals who have decades of combined experience. We understand the challenges of managing in-house compliance teams because we’ve done it ourselves. We developed the platform to address the lack of dedicated licensing technology solutions and provide tools to keep up with increasing regulatory expectations and complexity.
Our licensing platform allows companies to plan ahead, prioritize what’s most urgent, and get work done efficiently and accurately.
- Dashboards organize critical information and track workloads across licensing teams, providing greater transparency and accountability.
- System tools and workflows increase accuracy and efficiency, enhancing the capacity of a company’s existing compliance function.
- Our licensing platform is offered as software as a service (SaaS), with all maintenance, support, and system updates included in the subscription cost.
Our licensing platform serves as a single system of record and source of truth for licensing and compliance programs, ensuring that teams are working with the most up-to-date information.
- Document-management functionality provides licensing teams with immediate access to accurate and relevant records and documentation.
- Data import capabilities that sync our licensing platform with the Nationwide Multistate Licensing System (NMLS) and other licensing systems to improve accuracy and create historical records for all licenses.
- Secure hosting on Amazon Web Services (AWS) cloud provides system stability and scalability to support collaboration for teams of any size or geographic distribution.
Our licensing platform is powered by a proprietary, cross-industry requirements database built upon regulatory and licensing expertise and industry experience.
- Our licensing platform’s comprehensive nationwide database contains up-to-date requirements for license applications, renewals and amendments, allowing users to create, in minutes, requirements surveys that otherwise take days or weeks.
- Integrated state-by-state statutory requirements are informed by our deep experience with and understanding of supervisory and industry nuances.
- In-app news feeds keep subscribers up to date on the latest licensing developments and changes in requirements and reports from NMLS and regulatory agencies.
Licensing Technology
Examination Management
FS Vector licensing professionals draw upon decades of combined compliance experience to help clients anticipate and avoid many of the common obstacles companies face during state and federal examinations. Our examination management services provide the tools and resources to meet these challenges and reduce the burden on in-house legal and compliance teams.
- Serve as a company’s main point of contact with regulating authorities.
- Organize, assign and manage all examination requests to ensure timely and accurate responses through comprehensive task-management tools.
- Facilitate and assist with presentations, communications and document exchanges.
- Provide system management and data input support with the CSBS State Examination System (SES).
- Manage remediation to ensure all matters requiring attention are addressed, implemented and routinely checked.
- Provide strategy regulatory relation guidance for the examination process.
Examination Preparation
The state examination process can be very time consuming and costly to financial services companies without the tools and knowledge necessary to prepare for, manage, or respond to an examination request. FS Vector provides a number of services to help in-house teams fill these gaps.
- Mock examinations and reviews of company information.
- Preparation and support for onsite regulatory examinations.
- Responses to examination final reports.
- Document and task management.
Information Management
The volume of communications, documents and data collected and exchanged during an examination make it critical to house information in a central location that is easily accessible and secure. FS Vector assists clients by developing information management strategies that:
- Increase productivity and efficiency to meet regulatory deadlines
- Support examination record retention, versioning and history
- Streamline communication management before, during and after examinations
- House, monitor and track matters requiring attention that result from an examination
Examination Management
FS Vector licensing professionals draw upon decades of combined compliance experience to help clients anticipate and avoid many of the common obstacles companies face during state examinations. Our examination-management services provide the tools and resources to meet these challenges and reduce the burden on in-house legal and compliance teams:
- Serve as a company’s main point of contact with regulating authorities.
- Organize, assign and manage all examination requests to ensure timely and accurate responses through comprehensive task-management tools.
- Facilitate and assist with presentations, communications and document exchanges.
- Provide system management and data input support with the CSBS State Examination System (SES).
- Manage remediation to ensure all matters requiring attention are addressed, implemented and routinely checked.