Wealth & Finance International - 2022 FinTech Awards 31 APR2w2 Serving as a fundamental part of the Thistle Group, Thistle Initiatives is an award-winning, compliance consultancy that provides expert advice across the financial services sector. As such, it has garnered a clientele that consists of niche start-ups and long-established global market leaders. The firm’s competence is divided into a number of specialised practice areas that include investments, payment services, credit, financial crime, digital assets, mortgages and general insurance. Additionally, to Thistle Initiatives, the Thistle Group is home to an insurance broker, Absolute Cover, helping FCA regulated firms source liability insurance, and an Appointed Representative solution via its sister firm, Resolution Compliance, which is subject to FCA Thistle Initiatives is one of the UK’s most trusted compliance advice consultancies. Combining tried and tested methods with ground-breaking techniques, Thistle Initiatives provides its clients with the best advice for businesses in the financial sector. Not only is the firm shaping businesses, but it is also carving the path for the future of the industry. regulation and of which Absolute Cover is an Appointed Representative. Thistle Initiatives has grown exponentially and achieved great success since its 2012 genesis. It has joined the APCC, acquired more than 70 employees, moved to a new location in the heart of London, and assisted over 1000 enterprises in obtaining direct FCA authorisation. In that time, the group has handled regulatory due diligence on more than sixty regulated entities, advising on transactions worth over £5 billion. Thistle Initiatives provides compliance support to over 500 businesses in the fintech industry. Its clients come in a plethora of firm types, including banks, digital credit lenders and brokers, crypto Best Compliance Advice Experts 2022 May22443 asset firms, payment services companies, e-money institutions, and RAISP’s/PISPS’s. They also feature stock trading platforms, robo-wealth managers and advisors, Buy Now Pay Later (BNPL) firms, insurtech and wealthtech firms. With these clients in mind, Thistle Initiatives wants to be at the forefront of the regulatory landscape as consumers utilise and rely more on cutting-edge fintech solutions. Despite the continued crucial importance of the sector, particularly in light of recent market developments, stakeholders and the firms involved may find it difficult to remain up to date with the pace of innovation. In turn, Thistle Initiatives hopes to support these clients as they operate in compliance with the intricate and everchanging regulatory framework. It is this that makes Thistle Initiatives truly unique, as it endeavours to continuously advance alongside the developing industry in order to ensure that every client receives the correct advice and guidance. In addition, the firm provides entirely bespoke services, and prides itself upon its flexibility. Its solutions can be tailored to fit businesses at any stage of development and are consistent with the latest regulations to guarantee compliance. Going forwards, the firm will be focusing on several key areas – acquisition due diligence, financial crime, and the credit market. With prices rising across the UK, the credit market will be of great importance to Thistle Initiatives. The financial squeeze will turn people towards lenders, and it is imperative that such lenders are responsible and compliant with current industry standards. Lenders must not only act responsibly when it comes to managing their loan books but must utilise tools which are available to them to identify these vulnerabilities as soon as possible. Contact: Sophie Long, Group Managing Director Company: Thistle Initiatives Web Address: https://www.thistleinitiatives.co.uk/
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