The Three Pillars Behind Aether FS's EP Approval

Obtaining regulatory approval is not a solitary endeavor, but a collaborative effort involving multiple stakeholders. The accreditation of Aether FS as a Payment Institution

(PI) reflects this spirit of collaboration. Let us explore the various elements that contributed to this significant milestone.

Strategic Partnerships: The Pillar of Regulatory Compliance

One of the most crucial aspects of Aether FS's journey towards PI accreditation has been its strategic partnerships with experts across various fields and the support of our teams. Aether FS engaged the services of Spitz, Poulle et Kannan

, a law firm specializing in financial services and regulatory law, and Regsharp

, a consulting firm with over 15 years of experience in banking regulation and compliance.

These partnerships have been essential in ensuring that Aether FS meets the highest regulatory standards. Regsharp conducted a level 3 review of our regulatory procedures, thereby ensuring impeccable compliance.

Choosing the Right Financial Partner: JP Morgan

As part of its operations as a Payment Service Provider

, Aether FS selected JP Morgan

for its account management, thus providing its clients with an international footprint (the ability to operate in all currencies and geographies), a best-in-class technological platform, and unique financial strength.

Rethinking Governance for Greater Transparency and Efficiency

Good governance is not just a regulatory requirement; it is a commitment we have imposed on ourselves. Aether FS has restructured its organization by creating four distinct committees, thereby ensuring better oversight, increased transparency, and smoother communication. These committees include a Supervisory Committee chaired by Denis Samuel-Lajeunesse

, a Compliance and Internal Control Committee, an Information Systems Security Monitoring Committee, and a New Products and Services Committee.

Key Takeaways

The EP approval of Aether FS is not merely a formality; it reflects the company's commitment to excellence, compliance, and customer service. Through strategic partnerships and robust governance, Aether FS is setting new standards in the financial services industry.