About
FENCA: A Legacy of Trust & Regulatory Insight
FENCA originally started as “Fastencash” as an Authorized payment Institution (API) authorised regulated by the Financial Conduct Authority (FCA ) In 2010 focussing on affordable and secure cross border payments from UK and few EU states. In the process of its journey FENCA had the privilege of being authorised as an Overseas principal -MTSS by the Reserve Bank of India ( Indian Financial Regulator) under the Payment and Settlement Systems ACT of 2007. It was the one among the only nine such authorised firms by RBI in 2018 time
However Post pandemic Fastencash decided to quit its involvement in payments space and has been focussing on providing advisory and consulting services to small and medium sized payment firms and also has been actively supporting the Trade association -AUKPFC, in its efforts to enhance the visibility of their grievances before the Regulators .
Expertise on call
Harshan Kollara:
(Principal consultant and Director)
With over 50 Years experience in Banking and financial services in India and abroad, He has project management experience and have been with leading Firms in India and abroad including Union bank of India, ICICI Bank, Federal bank and Union bank of California in significant roles including member of governance Board . He serves as member of few boards as NED In India and UK in regulated and listed, He had also served as Non-Executive Director, Experian credit information co of India p ltd. Mr Kollara is also has an “approved person” status with FCA the Financial Regulator of UK . Extensive hands-on experience in foreign exchange, trade Finance, cross border payments, consumer credit, Core banking application system implementation, and compliance including AML, CTF & financial crime prevention practices. Experience in global standards and best practices in Governance. Mr Kollara is a regular invitee for meetings of Cross Border payments group subcommittee of the FSB( Financial Stability board of BIS Basel) as sector resource person. Overall, he brings a wholesome perspective from a practitioner’s angle.
Aji Vijayan:
(Principal Resource - Financial services Consulting)
Aji is a Qualified and practicing Chartered accountant practicing in India for several decades with hands on experience in compliance audit, Client Money , Accounting, and taxation etc. Besides being a Fellow Member of Institute of Chartered Accountants of India, he is also a Fellow Member of the AIA, UK.