FinTech Compliance: Building Regulated Financial Applications

Building FinTech applications requires navigating multiple regulatory frameworks.

PCI-DSS Compliance

Key Requirements

1. Secure network infrastructure
2. Protect cardholder data
3. Vulnerability management
4. Access control measures
5. Network monitoring
6. Security policies

Simplification Strategy

Use Stripe or similar payment processors to reduce PCI scope.

AML/KYC Requirements

Know Your Customer

• Identity verification
• Document validation
• Watchlist screening
• Risk assessment

Anti-Money Laundering

• Transaction monitoring
• Suspicious activity reporting
• Record keeping (5+ years)

Regional Considerations

• UK: FCA regulations
• EU: PSD2, GDPR overlap
• US: State-by-state requirements