Engagement

Controls and safeguarding review

Targeted review of customer fund safeguarding, access rights, and reconciliation routines for fintech firms that already hold a licence or operate under group policies.

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Hands reviewing paperwork and calculator during a control review
Safeguarding schedule checked against bank evidence

Who this is for

Licensed or soon-to-be-licensed fintech teams that need an independent look at safeguarding accounts, dual-control routines, and exception handling.

What you receive

A control findings memo with severity ratings and sample evidence packs your compliance officer can file.

Scope of work

  • Walkthrough of safeguarding account structure
  • Sample testing of daily or weekly reconciliations
  • Review of access and approval matrices for fund movements
  • Exception log assessment for a defined period

Outside this engagement

  • Full financial statement audit
  • IT system penetration testing

How the engagement runs

  1. 1

    Scope the control set

    We select the safeguarding and payment controls that matter for your product.

  2. 2

    Test and report

    Samples are tested; gaps are written with practical remediation language.

Timeline

Three to five weeks depending on volume of reconciliations.

Delivery

Hybrid; bank confirmations may require your introduction letters.

Preparation

Safeguarding policy, recent reconciliations, access matrices, and exception logs.

Pricing basis

Fixed fee scaled to number of safeguarding accounts and sample size.

Strengthen the safeguarding story

If your compliance calendar includes an internal review window, we can align fieldwork to that date.

Enquire about a controls review