Applicable objects and regulatory landscape
GXT-HKProviding end-to-end compliance consulting for fintech companies，Covering everything from product design、Online approval to critical control points for ongoing operations。Common applicable objects include：
- Cross-border payment、Aggregated payment、Acquiring、wallet、Exchange and settlement platform
- virtual assets/Blockchain financial applications、hosting、OTC、Payment token scenario
- Digital Bank/virtual bankSurrounding ecology (account opening、KYC、Anti-fraud、transaction monitoring)
- RegTech/FinTech provider providing systems and technology services to financial institutions
We useregulatory requirements + Risk Based Approach (RBA) + auditable evidence chainas the core，Helping companies balance commercial growth with regulatory acceptability。Relevant capabilities can be linked to the following solutions：Cross-border business compliance、Payment system integration、risk assessment system。
Service scope (broken down by business stage)
Based on business model、Capital flow and data flow，Form a gap matrix and rectification roadmap (Quick Wins / Medium / Long-term）。
Sort out the boundaries of business activities、Fund reaching and matching role，Propose license combination、Timetable and Materials List，Avoid "wrong license plate/missing license plate"。
KYC/CDD/EDD、Sanctions and PEP Screening、Suspicious transaction monitoring、STR process、record keeping、Training and independent audit mechanism。
Indicator system、threshold logic、Model validation、False positive/false negative management、Rule change approval and backtesting，Create a chain of auditable evidence。
Data inventory、minimum necessary、access control、Encryption and log retention、Vendor Data Processing Agreement (DPA)，Support compliance audits。
aisle、acting、technology supplier、Due diligence framework for overseas partners、Contract terms and ongoing monitoring，Reduce collateral risks。
External publicity、Rate Disclosure、Risk warning、User Agreement and KFS Structured Review，Reduce misleading statements and complaint escalation。
Monthly Compliance Meeting、Sampling review、Event handling support、Regulatory inquiry/inspection accompaniment、Annual audit preparation and rectification review。
Methodology and deliverables (audit available)
Dismantling product features、Customer type、region、Channels and Funding Links，Establish an inherent risk profile and regulatory touchpoint list。
Checking system、process、system、log、Reports and meeting minutes，Form a matrix of "Requirements-Current Status-Gap-Responsible Person-Deadline"。
Design governance structure、three lines of defense、Key controls such as KYC/sanctions/transaction monitoring/reporting/record keeping and RACI。
Export AML manual、risk assessment、KYC standards、Suspicious transaction handling SOP、Training outline、Outsourcing and third-party due diligence templates。
Rule base and threshold settings、Sample backtest、False positive rate optimization、Model/rule change management and verification reporting。
Monthly KPI/KRI、Quality review、Internal audit cooperation、Supervision inquiry material package and rectification review。
Typical deliverables (can be organized according to regulatory inspection caliber)：
- Enterprise/product level risk assessment (including customer、region、product、channel、Delivery method and other dimensions)
- AML/CTF Policies and Procedures (KYC/CDD/EDD、Sanctions/PEP、STR、record keeping、training、independent audit)
- KYC Questionnaire and Evidence Checklist、Enterprise customer UBO identification and penetration rules
- Transaction monitoring rule base、Parameter specification、Backtesting and effectiveness evaluation report
- Third Party and Outsourcing Management System、Due diligence template、Contractual compliance clauses (including data processing and audit rights)
- Data Privacy and Cross-Border Transfer Compliance Package (Data Inventory、PIA/DPIA、Privacy Policy and Procedures) can be referred to：Data privacy policy development、Personal information protection
- Marketing Materials and Disclosure Review Opinion：Marketing material review
Cost and Budget Reference
There is no single fee schedule for fintech compliance that can be applied across jurisdictions。You should first press the product function、client、capital flow、Complete business activity mapping of data flows and business locations，Then determine whether a license is involved、Register、exemption、Regulatory sandbox or technology provider only service。
The budget is usually divided into：Regulatory or government charges (only on specific licenses、(when registration or sandbox rules apply)；main body、Governance and key personnel costs；Compliance consulting、Legal opinions and institutional documents；KYC、Sanctions Screening、Transaction monitoring、log、Cybersecurity and data governance systems；training、internal audit、External review、Supervision reporting and continuous rectification。The budget for a certain license cannot be used to replace the fintech compliance costs of different products and jurisdictions.。
Hong Kong Xintong service fee is based on jurisdiction and product quantity、Business activities and license matrix、Existing institutions and system maturity、Data and third-party links、Sample testing scope and delivery depth assessment。government fees、Outside attorney or auditor、System subscriptions and third-party data services should be listed separately，The current information published by the competent authorities and suppliers shall prevail.。
Further reading：US MSB application experience and boundaries、Preparation for opening a bank account in Hong Kong。
Evidence of Delivery for Fintech Compliance Consulting
Fintech compliance consulting should translate legal judgments into business processes、System rules、Responsible person、Testing and continuous monitoring，rather than just delivering a generic policy。
- Build product、nation、client、capital flow、Compliance matrix for data flows and licensing status。
- Put KYC、sanctions、Transaction monitoring、client funds、Complaints and supervision reports are implemented in systems and positions。
- pair model、rule、outsourcing、cloud service、Data cross-border and network security risk assessment。
- Create a list of questions、Responsibility for rectification、evidence、Closed-loop records of retesting and management approval。
Official verification：Bank for International Settlements Fintech Supervision Research、Financial Stability Board Financial Innovation Materials、Hong Kong Monetary Authority Fintech Supervision and Support PortalandFATF Anti-Money Laundering Recommendations。Specific obligations must be returned to the target jurisdiction、Current rules for business activities and corresponding authorities。
Common high-risk scenarios and rectification suggestions
Rectify：Redo risk assessment and scorecard；Set up mandatory EDD and periodic review for high-risk customers；Improve UBO penetration and source of funds (SoF/SoW) evidence。
Rectify：Clarify the source of the list and update frequency；Hit handling SOP；Manual review and second-line approval；Keep screening logs and disposal records。
Rectify：Scenario-driven design rule base (by product/channel/country)；Regular backtesting and threshold calibration；Establish approval and verification reports for rule changes。
Rectify：Establish third-party hierarchical due diligence and continuous monitoring；Contract includes audit rights、Data usage boundaries、Subcontracting restrictions and incident reporting obligations。
Rectify：Data Inventory and the Minimum Necessary Principle；Cross-border transfer assessment and DPA；Privacy Policy and User Notice、Consent and withdrawal mechanism。
Rectify：Establish a marketing review process and footprint；Unified disclosure standards；Key terms (fees、Chargeback、freeze、Dispute handling) highlighted。
FAQ (frequently asked questions by enterprise customers)
Cover both。For 0 to 1 items，Let’s first define the regulatory path and activity boundaries.，Then export materials and systems and provide guidance on how to go online；For existing business，start with gap analysis，Prioritize rectification of transaction monitoring、High-risk links such as KYC/EDD and third-party management。
Not recommended。Supervision and banks pay more attention to “consistency with business” and “evidence chain”。We will base your product、client、region、Channel and system capability customization system，And give the landing operation and leaving traces method，Make sure it's executable、auditable。
The system is just a tool。The key lies in rule governance、threshold basis、Hit handling SOP、Review mechanism、Training and independent auditing，And linkage with business/customer service/risk control。We will complete the governance and evidence chain，And do backtesting and effectiveness evaluation。
Common blind spots include：Joint risks of partners and agents、The definition of the role of “who accesses funds/who matches” in the capital link、Differences in customer identity verification and record keeping in different jurisdictions、and data cross-border and outsourcing audit rights。
Project duration depends on jurisdiction、Product quantity、existing gap、Required institutional and system modifications、Evidence availability and third-party cooperation。Milestones should be determined after completing the gap diagnosis、Responsible person and acceptance criteria；License or sandbox review time is controlled by the competent authority，Cannot commit with a fixed number of weeks。
no。pay、deposit、securities、Activities such as insurance and virtual assets may be subject to separate supervision；Technical designation does not determine whether licensing is required。 SeeHong Kong Monetary Authority Fintech and Sandbox Description。
Customers should be itemized、product、capital flow、System permissions、Service entities and markets，Check the license again、Behavior、Data and continuing obligations，Record facts and basis for conclusion。
cannot。It should be verified whether it truly only provides technology，and contract、data、Sanctions and Financial Institution Supplier Requirements；Participation in transactions or financial controls may change characterization。
cannot。Sandboxes are used for experiments with controlled conditions and scope，Not a long-term exemption or full business license，Commercial launch must meet additional applicable requirements。 SeeHong Kong Monetary Authority Fintech and Sandbox Description。
Communication helps understand expectations，But meetings should not be、Email or data received upon approval；Clear regulatory decisions should be retained、Conditions and Effective Scope。
It is recommended to record the data source、Rule or model version、verify、Manual review and change approval，Describe deviations and error handling，Avoid showing only algorithm accuracy。
cannot be confused with。If the project involves securities advice or asset management，The qualifications and scope of service entities should be separately checked。 SeeExplanation of the scope of permission granted by the Securities and Futures Commission of Hong Kong。
The operating organization should be clearly defined、Supplier and Subcontractor Responsibilities，Reserve access、audit、Monitoring and exit capabilities；Outsourcing does not automatically transfer institutional governance responsibilities。 SeeHong Kong Monetary Authority Banking Supervision Framework。
应以实际客户、product、地区和渠道风险为基础测试尽调、监控和案件处置，适用法定义务按许可与主体确定。 SeeHong Kong Monetary Authority Anti-Money Laundering Supervision Information。
不能只看文件。应核对客户档案、筛查及案件、training、审批和独立检查，To prove that the system actually operates。
Field definitions should be clear、source、Review and responsible person，and reconciled with financial and business books，Save submitted versions and correction records。
Local product and solicitation rules should be rechecked、Data flows and partners，Update fact list and gap items，Approval to go online again。
cannot。Can assist in diagnosis、Prepare information and correct，The final decision belongs to the bank or the competent authority，Consulting services should not be sold with a guarantee of success。
Products should be covered、client、region、Equity Personnel、supplier、rules and events，and set up an evaluation and approval mechanism for major changes。
It is recommended to provide product introduction、User and Funding Process、contract、license、Organizational and systems information and key issues；After clarifying the scope of work, agree on delivery and acceptance。
