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”).
At Moorwand, we are committed to protecting our clients’ money with the highest regulatory standards. In accordance with the Financial Conduct Authority’s Payment Services Regulations and Electronic Money Regulations, all client funds are held in dedicated safeguarding accounts with authorised credit institutions. These funds are completely segregated from Moorwand’s own operational accounts and are not used for any business or investment purposes. This safeguarding arrangement ensures that, in the unlikely event of insolvency, your funds remain protected and will be returned to you in full. Our safeguarding processes are regularly reviewed and audited to ensure ongoing compliance with FCA requirements and industry best practice.
