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Successful FCA applications

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Winner of Best Financial Services Compliance Consultancy 2020 - 2023


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Types of services

We take the payment services compliance workload off your plate, so you can continue to comply as your business grows, without your regulatory responsibilities slowing innovation.



Preparing your submission and supporting documents, answering feedback and questions from the FCA; we’re there from beginning to end and beyond


Compliance support

Comfort that the right processes are in place to meet your payment services compliance obligations on an ongoing basis, from regular audits and technical advice, to a strong compliance document suite


Audit and advisory

Having worked with over 250 payment and E-money firms, we know one size does not fit all when it comes to payment services compliance, our support is always tailor-made in the way that works best for you

Wondering how long it’ll take? What your options are? Where to start? Or whether you’re ready to become authorised?

Head to our FCA authorisation FAQs

Financial crime prevention

Keep on top of your financial crime compliance and understand your responsibilities, with hands-on support from our world-class regulatory experts.


Find out more ➜

EU Application

Unlock and expand the power of your Payment Services firm to new markets across the EU.

As well as supporting Electronic Money Institutions (EMIs) and Payment Institutions (PIs) with applications to the FCA in the UK, Thistle Initiatives is ready to help your firm expand to new client bases in the European Union (EU). We are helping firms revolutionise and empower payment services businesses by assisting them with licensing across multiple EU jurisdictions.


Click the link below to see how we can help your firm expand.


Find out more ➜

Who we support

We support these types of organisations to keep innovating
  • Electronic Money Institutions
  • Commercial Agents
  • Account Information Service Providers
  • Electronic Communication Service Providers
  • Payment Initiation Service Providers
  • Payment Card Issuers
  • Foreign Exchange (FX) Providers
  • Payment Account Providers
  • Payment Acquirers
  • Payment Processors
  • Bill Payment Providers
  • Money Remitters
And many more...
3C Payment
We worked with Thistle’s payment services team on our application to become a Registered Account Information Service Provider (RAISP). From the very start of the project, the team was extremely professional and fast-moving, answering all our queries in detail and drafting comprehensive documents for our application. This helped us get approved much faster than we had accounted for. We would recommend Thistle’s team to any early-stage company that’s looking for support on their FCA applications.

Agent and distributor onboarding

For companies looking for a quicker route to market, we provide practical support for becoming agents and e-money distributors of existing regulated providers.

We will help prepare everything you need to seamlessly pass through the due diligence checks on the principal firm, when onboarding as either an agent or distributor.

What our payment services clients have to say

“When contracting a consultant in any field, the most difficult part is finding the right one. Based on our experience with Thistle, I can say that you are in safe and trustworthy hands. The role of a consultant is to support whatever it is you are trying to achieve, and Thistle did that for us in a very efficient and competent manner, so much so that we managed to attain our goal two months ahead of schedule! We also valued Thistle's willingness and patience in listening to the problems we were facing. Overall, I would highly recommend Thistle to anyone with great confidence.”

Go Naito, Director

IC Payment Japan Ltd
“We have enjoyed working with the Thistle team, they are all very knowledgeable, professional and experienced. The team has assisted us in the preparation and review of all the necessary documents for our license application. We would recommend Thistle to any start-up companies like us that’s looking for support on their FCA applications.”
KeyChain Pay

“From the beginning, the Thistle team were very knowledgeable about the payment services application process. The team took time to understand our needs, were easy to work with and it felt like they put a lot of effort into the application. Our authorised payment institution application was successful and was approved by the FCA with very minimal feedback, meaning we could start rolling out our services as soon as possible.”

By Miles-3
By Miles

“Thistle has supported us with our ongoing compliance requirements ever since they assisted us to become an authorised EMI. The team are highly knowledgeable in both the EMI and AML regulatory space. They are thorough and constructive with any feedback or advice and are able to assist with complex compliance matters in a digestible way, with a commercial mindset. I have found their audit process to be well constructed, detailed, and a vital asset in ensuring we are following our regulatory requirements. We look forward to working on the next project with the Thistle team.”

“The Roqqett team really enjoyed working with Thistle. We really appreciated not only the effort Thistle’s payment services team put in, but also their enthusiastic attitude. Thanks to them, we got our API application approved in no time at all.”

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