Sophie Grace Pty Ltd assisted Corporate Prepaid Solutions Pty Ltd (CPS) to acquire an Australian Financial Services License (AFSL) in March 2014. CPS were previously a corporate authorised representative. They issue prepaid cards and were required to obtain an AFSL so that they could expand their financial services offerings to clients.
Sophie Grace explained all the necessary licensing processes to CPS, what their obligations and requirements were as well as assisted with the preparation of all the application documents. With our help CPS were able to manage the process of applying for their AFSL themselves. Sophie Grace was also on hand to assist CPS answer any questions that ASIC had whilst they reviewed the application.
CPS has a wealth of experience in prepaid program management, which enables them to deliver prepaid solutions to their corporate clients. Their prepaid solutions involve the distribution and management of prepaid cards in partnership with Heritage Bank to a variety of Australian businesses and their consumers.
CPS provides clients with a complete solution, establishing and managing all the complex commercial, legal and technical relationships within the chain of prepaid suppliers. As a result, CPS clients are able to maximise their market presence and increase their revenue.
The CPS solution supports complex, high impact and high value prepaid card programs and assist businesses in the branding, design, production and distribution of the cards to consumers.
“Making a difficult application process simple, I can highly recommend Sophie Grace in supporting a company’s application for an AFSL. They streamlined the process for us in a timely manner and helped deliver our desired result, enabling us expand our offer in the market.” Tim Boucaut, Managing Director, CPS.
If you’d like to know more about Corporate Prepaid Solutions Pty Ltd follow this link http://www.cpsolutions-global.com/ or feel free to ask us for an introduction.
Alicia works with Sophie Grace Pty Ltd with a particular focus on compliance and legal services. She assists clients with AFSL and ACL applications, variations and also assists in the implementation of compliance reviews. She provides ongoing compliance support as well as assisting in the preparation of legal advice, commercial agreements and disclosure documents.