Duo: Reinout Temerman Catherine Houssa

1. NATIONAL BANK OF BELGIUM
Reinout TEMMERMAN
FinTech Belgium
22 October 2018
Contact: fintech@nbb.be

2. FinTech Belgium 22/102 / 4 Contact: fintech@nbb.be
FINTECH RETAIL PAYMENT SECTOR
IN BELGIUM
Evolution PI/ELMI since inception in 2007

3. FinTech Belgium 22/103 / 4 Contact: fintech@nbb.be
OBSERVATIONS ON THE FUTURE
ELMI IS GRADUALLY REDUCING
 future of prepaid in post PSD2 era ?
PI WILL GROW SIGNIFICANTLY IN THE
(NEAR) FUTURE
 Belgian start-ups in post PSD2 era
 Brexit: well-established, highly professional
firms with strong business models moving to
BE

4. FinTech Belgium 22/104 / 4 Contact: fintech@nbb.be
► Business (qualification services): explain in detail the precise
information flows behind your payment business: front-end &
back-end. Use schematics & be detailed
► ‘Central Belgian administration’: no PO-boxes & avoidance of
regulatory shopping
► No ‘kamikaze’ style license applications
► ‘Do your Homework’: seek regulatory guidance and ask
questions before submitting application file
► ‘Be detailed’: be consistent & explain all assumptions
underlying market analyses, business plan & figures
► Do not submit a file with gaps in it  3 months timing starts
after complete file!
► Do not underestimate us & do not overestimate yourselves in
terms of time you need to work on the application file
DO’s & DON’Ts WHEN DEALING WITH THE
NATIONAL BANK OF BELGIUM