Cake can officially offer “payment initiation services” and “account information services”, and it is registered as such in the NBB register. 🍰

This recognition followed a licence application in which Cake was able to demonstrate that it had fit and proper directors and appropriate organisation. This means that Cake must ensure it has appropriate measures in place for such things as internal control, compliance, (internal and external) audit, a European anti-money laundering policy, risk management policy, conflicts of interest policy, business continuity plan and IT infrastructure.

Did this answer your question?