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MiFID2 categorisation platform brings together UK banks and UK local authorities. Local authorities can fill a complex application form, sign it electronically and securely transfer to a number of banks of their choice. Banks can accept or reject the applications.
About
MiFID2 categorisation platform solves an industry-wide problem of applying for and maintaining 'professional client status' with banks that operate in the EU. It also creates a new business development channel for banks which are looking for new professional clients.
Key Benefits
Speed of collecting and sending application forms Efficient way of securely sending the same application form to multiple organisations Speed of responding and communication decisions For banks: new business development channel
Applications
MiFID2