Moorwand is a London-based payments solutions provider offering Issuing, Digital Banking, Digital Banking Direct and Compliance Services. We support innovators in the payment and financial technology space by providing access to card schemes and banking services, in addition to various payment services.
Moorwand’s vision is to transform payments compliance into an enabler of innovation for banks, fintechs, and payment companies. We don’t think it has to be complicated, so we provide specialist expertise to help you create the best fintech products. Our legal and payments experience makes us uniquely placed to support our clients to understand the impact of regulations, whilst we anticipate the next wave of innovation before it breaks.
Moorwand is licensed by the Financial Conduct Authority of the United Kingdom as a regulated Electronic Money Institution to issue electronic money and provide payment services.
Whether you are a regulated Financial Institution, Electronic Money Institution or Authorised Payment Institution requiring access to scheme membership or access to single or multi currency accounts, or a business needing scheme membership, access to single or multi currency accounts and a regulated principle to provide payment services to you and your customers, Moorwand has a solution for you.
Moorwand has several Agent and Distributor customers that either provide payment services on behalf of or distribute electronic money issued by Moorwand. Moorwand does not allow Agents of Distributors to hold client funds in relation to electronic money it has issued itself. The relationships between Moorwand, its Agent and Distributor customers and payment service users are governed by framework contracts in accordance with the Payment Services Regulations 2017 (“PSRs”).
Where Moorwand holds client funds it does so in accordance with safeguarding requirements set out in the PSRs and Electronic Money Regulations 2011. Moorwand holds safeguarding accounts with ClearBank Ltd (Firm Reference 754568), regulated by the Prudential Regulation Authority and the FCA and the Central Bank of Lithuania (Firm Code 188607684).
