What the financial chapters of an e-wallet application must actually carry
A licence pack is not a pitch deck. The financial chapters have to stand up if someone ticks every figure back to a source.
Notes
What keeps turning up in the financial chapters.
Short pieces from examinations. They are not regulatory advice and they are not a substitute for reading your own file.
A safeguarding letter is not a reconciliation
Bank stationery in the annex does not prove that customer liabilities were ever matched to designated funds.
Forecasts that survive a dull reading
If the only way the capital buffer holds is the upside case, the application does not have a capital buffer.
Settlement lag is a financial fact, not a product feature
The days between customer debit and merchant credit are where float, suspense, and customer-fund questions actually live.
What we ask for in week one of an engagement
A short, specific request list so fieldwork does not begin with a scavenger hunt.