Licensed rail providers and specialist infrastructure partners. One orchestrated stack.

Licensed rail providers and specialist infrastructure partners

• 
  Narvi
  Banking

  Legal entity:

  Narvi Payments Oy Ab

  Home regulator:

  Finnish Financial Supervisory Authority (Finanssivalvonta, FIN-FSA) Source: FIN-FSA register of supervised entities

  Home jurisdiction:

  Finland

  Licence:

  Electronic money institution authorisation (Sähkörahayhteisön toimilupa) (Business identity code 3190214-6)The FIN-FSA register publishes no licence number for this entity; the business identity code is the identifier it does show. Source: FIN-FSA register of supervised entities

  Passporting:

  Exercisable across the EU/EEA by passporting the Finnish licence under freedom to provide services. Host states record this as a cross-border registration, not as a licence of their own. Source: Bank of Lithuania host-state entry (evidence of passporting, not of licensing)

  Cross-border registrations in host states

  • Bank of Lithuania (Lithuania): Electronic money institutions of EU Member States providing services in the Republic of Lithuania without a branch (country: Finland). Source: Bank of Lithuania register entry

  A host-state registration records where a licence is exercised. It is not the authority that issued it.

• 
  FinchTrade
  OTC liquidity

  Institutional digital-asset liquidity and crypto-to-fiat settlement desk. No regulator register entry verified by us, so no licence is stated.

• 
  Shift4
  Acquiring

  Legal entity:

  Shift4 Limited

  Home regulator:

  Malta Financial Services Authority (MFSA) Source: MFSA Financial Services Register

  Home jurisdiction:

  Malta

  The MFSA register could not be read at build time, so licence type and number are not stated here rather than borrowed from a host-state entry.

  Cross-border registrations in host states

  • Bank of Lithuania (Lithuania): Payment institutions of EU Member States providing services in the Republic of Lithuania without a branch (country: Malta). Source: Bank of Lithuania register entry

  A host-state registration records where a licence is exercised. It is not the authority that issued it.

• 
  PB2B
  Open banking

  Pay-by-bank collection provider moving account-to-account payments over open-banking rails. No regulator register entry verified by us, so no licence is stated.

• 
  TYLT
  Stablecoin gateway

  Stablecoin payment gateway and on/off-ramp infrastructure. No regulator register entry verified by us, so no licence is stated.

• 
  Wallester
  Card issuing

  Legal entity:

  Wallester AS

  Home regulator:

  Finantsinspektsioon (Estonian Financial Supervision Authority) Source: Finantsinspektsioon register of Estonian payment institutions

  Home jurisdiction:

  Estonia

  Licence:

  Payment institution operating licenceThe register entry we can read publishes no licence number, so none is stated here. Source: Finantsinspektsioon register of Estonian payment institutions

  Passporting:

  Exercisable across the EU/EEA by passporting the Estonian licence under freedom to provide services, per the provider's published licensing statement. Source: Wallester published licensing statement

• 
  Sumsub
  KYC / KYB

  Identity verification and AML screening software used by regulated firms. A verification vendor, not a regulated rail provider.

• 
  Movitz
  Verification of payee

  Payment operations software for banks and PSPs, including payee verification and case handling. A technology vendor, not a regulated rail provider.

• 
  Syntheon
  Compliance automation

  Technology partner for governed AI in compliance operations, including AI governance and model documentation. Not a regulated rail provider.

• 
  SolvaPay
  Agentic payments

  Payment infrastructure for agent-initiated transactions. A technology vendor, not a regulated rail provider.

• 
  Clear Junction
  Payments infrastructure

  Legal entity:

  Clear Junction Ltd

  Home regulator:

  Financial Conduct Authority (FCA) Source: FCA Financial Services Register

  Home jurisdiction:

  United Kingdom

  Licence:

  Authorised Electronic Money Institution (register type EMD), since 19/04/2018 (Firm reference number 900684) Source: FCA Financial Services Register

• 
  Wernberg & Partners
  Licensing advisory

  Advisory firm for payments, fintech and crypto strategy. Advisory work is quoted separately and is not a regulated rail.

The members named above are public; one settlement-network member is deliberately unnamed. Where a capability is served by that member, we describe the capability rather than the counterparty.