Technology & Innovation Legal Services

Compliant Fintech Operations in Colombia

Secure payment institution licensing from Superintendencia Financiera de Colombia. SEDPE (Electronic Payment Services) authorization enables digital wallet operations. Payment gateway licenses facilitate merchant processing with full compliance. Recent fintech client obtained SEDPE license in 4 months with our regulatory expertise. Ongoing compliance support ensures continued authorization. International remittance licenses available for cross-border payment services.

SEDPE License Applications
Payment Gateway Authorization
Regulatory Compliance
License Maintenance

Implement robust anti-money laundering and know-your-customer systems meeting Colombian requirements. Risk-based approach balances user experience with Regulatory Compliance. Digital identity verification integrated with Registraduría databases. Transaction monitoring algorithms detect suspicious patterns while minimizing false positives. Recent Implementation for neo-bank processed 1M+ verifications with 99.5% accuracy. SARLAFT policies drafted specifically for digital payment models.

KYC System Design
AML Policy Development
Transaction Monitoring
Regulatory Reporting

Structure compliant merchant acquisition and payment processing operations. Sub-merchant agreements protect platforms from liability while enabling rapid scaling. Settlement procedures comply with Colombian banking regulations. Chargeback and Dispute Resolution processes minimize losses. Recent marketplace client onboarded 5,000 merchants in 6 months with automated compliance. Multi-currency processing supports international expansion.

Merchant Agreement Drafting
Sub-Merchant Compliance
Settlement Structuring
Dispute Resolution Systems

Navigate emerging cryptocurrency regulations for digital payment platforms. Colombian sandbox program enables controlled crypto experiments. Exchange integration requires careful structuring to avoid regulatory issues. Stablecoin implementations offer reduced volatility for payment use cases. Recent client launched crypto-to-fiat payment rails serving 50K users. Compliance frameworks adapt to rapidly evolving regulatory landscape.

Crypto Regulatory Analysis
Sandbox Applications
Exchange Integration
Compliance Frameworks

Launch Payment Solution

Our Specialties

Our
Services

Open Banking Revolution

API-Driven Financial Innovation

Colombia's open banking framework creates unprecedented opportunities for fintech innovation. Regulatory sandboxes enable testing of new payment models with reduced compliance burden. Bank API integrations provide account access while maintaining security. Screen scraping alternatives ensure compatibility with legacy systems. Recent payment aggregator leveraged open banking to reduce transaction costs by 40%. We structure compliant integrations maximizing data access while ensuring user protection.

Cross-Border Payments

Seamless International Money Movement

International payment corridors require sophisticated Regulatory Compliance across multiple jurisdictions. Colombia-US remittance flows benefit from established regulatory frameworks enabling competitive pricing. SWIFT alternatives reduce costs while maintaining compliance. Blockchain rails offer near-instant settlement for qualified transactions. Recent client reduced remittance costs by 80% through optimized routing and compliance automation. Multi-currency wallets support global expansion strategies.

Embedded Finance Solutions

Banking-as-a-Service for Tech Platforms

Embed financial services directly into your platform through compliant BaaS partnerships. White-label payment solutions maintain your brand while leveraging licensed infrastructure. Revenue sharing models align incentives between platforms and financial partners. Compliance responsibilities clearly delineated protecting all parties. Recent e-commerce platform increased GMV by 35% adding embedded payment options. We structure partnerships maximizing functionality while minimizing regulatory exposure.

Digital Payments FAQ

Essential Fintech Regulatory Questions

License requirements depend on service type: SEDPE license for electronic money and digital wallets, payment gateway authorization for merchant processing, money transmitter license for remittances, acquiring license for card processing. Sandbox participation available for innovative models. Capital requirements range from $500K to $5M depending on license type. Application process typically takes 4-6 months with proper preparation. We guide you to the right license structure for your business model.

Digital KYC must meet SARLAFT requirements while enabling smooth user experience. Tiered KYC allows simplified onboarding for low-risk accounts with progressive verification. Identity verification through Registraduría integration, facial biometrics, and document validation. Transaction limits aligned with verification levels. Risk scoring algorithms flag high-risk users for enhanced Due Diligence. Recent Implementation achieved sub-2-minute onboarding while maintaining full compliance.

Payment data storage must comply with PCI-DSS standards and Colombian data protection laws. Tokenization required for card data with secure token vaults. Transaction records retained for 5 years per AML requirements. Encryption at rest and in transit mandatory. Cloud storage permitted with proper security controls and data processing agreements. Regular security audits and penetration testing required. We implement compliant architectures balancing security with performance.

Cryptocurrency services operate in regulatory grey area with evolving framework. Direct crypto payments between users generally permitted. Fiat on/off ramps require careful structuring to avoid unauthorized financial intermediation. Sandbox program enables testing with regulatory guidance. AML/KYC requirements apply to all crypto services. Recent guidance suggests upcoming comprehensive regulation. We structure operations to comply with current requirements while preparing for future regulations.

Cross-border payments must comply with regulations in origin and destination countries. SWIFT messaging standards for traditional rails, with alternatives for fintech solutions. Foreign exchange regulations limit transaction amounts without declaration. AML screening against international sanctions lists required. Correspondent banking relationships or payment partnerships needed for settlement. We structure compliant payment flows optimizing for cost and speed while ensuring full regulatory adherence.

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