For E-Money License Holders
EMIs face the same quarterly NCA reporting obligations as payment institutions — with the same schema compliance burden and the same deadline pressure. Fynrex handles both.
Why PSD2 reporting is particularly complex for EMIs
The dual-regulation challenge
E-money license holders operate under the Electronic Money Regulations (UK) or E-Money Directive (EU) but are also subject to PSD2 transaction reporting requirements in respect of payment services they provide alongside their e-money issuance activities.
This creates a reporting situation where compliance teams must track both the EMR/EMD obligations and the PSD2 NCA reporting schemas — which are separate schema registries managed independently.
The schema compliance gap
Many EMIs are smaller organizations that lack the in-house XML schema expertise that larger banks take for granted. When the FCA published the PAIN.001 v3.1.3 schema in February 2026, institutions with no schema monitoring in place had 11 days to identify the change, understand its impact, rebuild their report package, and revalidate.
Fynrex is designed to close this gap: schema expertise is embedded in the platform, not in your headcount.
What Fynrex means for an EMI compliance team
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No in-house schema expertise requiredFynrex embeds the schema monitoring and validation logic. Your compliance team reviews the generated package, not the XSD.
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Deadline certainty across all NCAsThe submission calendar tracks FCA, BaFin, ACPR, and DNB deadlines. Pre-deadline status checks confirm package readiness before the window opens.
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Correct format, first timePackages are validated against the active schema version before submission. Correction filings are generated automatically when NCAs reject submissions.
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Audit-ready at all timesThe immutable audit trail is available immediately for any NCA examination — no scrambling to reconstruct submission history.