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ARTICLE · 22 MAY 2025

MFSA Observations On Outsourcing And Safeguarding Practices In Financial Institutions

BDO Malta
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The Malta Financial Services Authority (MFSA) has issued its findings following a thematic review focused on two core areas relevant to financial institutions: outsourcing and other third-party arrangements...

MaltaFinance and Banking
Ruban Thangaraja
Ruban Thangaraja
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BDO Malta successfully assists several entities in obtaining an EMI license in Malta. In one particular instance, BDO Malta assisted an IT company focused on developing FinTech software in obtaining an Electronic Money Institution (EMI) license in Malta.

This case study explores the challenges faced during the licensing process, the strategies employed by BDO Malta, and the eventual outcomes, showcasing how the company leveraged its expertise to navigate the regulatory landscape and achieve compliance with Maltese financial regulations.

Background

Client A was established with the goal of first setting up a software company catering to ease the software development burden of regulated financial institutions in Europe. Given their involvement and experience in the industry, this idea expanded into offering their own regulated financial services. The company identified Malta as the ideal base due to its EU membership, regulatory stability, and favourable

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