Mynd Financial Technologies Inc.
Our financial business
Mynd Finance develops and operates its own financial activities alongside the services it provides to the industry.
How to read these domains
These are the domains Mynd Finance is evaluating. They are not claims that each one exists today or that Mynd Finance will operate every one directly. Whether a domain fits depends on strategy, resources, jurisdiction, partnerships and the authorisations it needs.
For each domain the entry gives the general market picture: what it is, who it serves, which authorisation is typically required and what the principal risks are. What Mynd Finance does in that domain will be disclosed domain by domain, and each domain will be marked as a product, in development, a strategic opportunity or not available.
Business domainBanking and deposit-related services
- What it is
- Taking deposits, holding accounts and providing the settlement base for other services.
- Typical customers
- Individuals, businesses and institutions.
- Typical authorisation
- Deposit-taking is a regulated activity in most jurisdictions and is usually tied to a banking licence or equivalent.
- Principal risks
- Liquidity, credit, operational and conduct risk, plus capital requirements.
- Dependencies
- Capital, supervisory approval, payment connections, deposit-protection arrangements where they exist.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainLending and credit
- What it is
- Providing credit to individuals and businesses, directly or through partners.
- Typical customers
- Consumers, small businesses, corporates.
- Typical authorisation
- Lending is licensed or registered in many places, with extra rules for consumer credit.
- Principal risks
- Credit risk, funding risk, conduct and over-indebtedness risk.
- Dependencies
- Funding, credit data, collections capability, underwriting models.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainPayments and money movement
- What it is
- Moving money between people, businesses and institutions.
- Typical customers
- Individuals, merchants, businesses.
- Typical authorisation
- Payment services are licensed or registered in most jurisdictions.
- Principal risks
- Operational, fraud, safeguarding and financial-crime risk.
- Dependencies
- Banking partners, payment schemes, fraud and screening controls.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainInvestments and wealth management
- What it is
- Helping clients invest and manage their wealth.
- Typical customers
- Individuals, families and institutions.
- Typical authorisation
- Advice and discretionary management are regulated activities in most jurisdictions.
- Principal risks
- Market risk, suitability and conduct risk, concentration and cost.
- Dependencies
- Custody, market access, advice and compliance functions.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainAsset management
- What it is
- Managing pooled or segregated assets for investors.
- Typical customers
- Institutional and retail investors.
- Typical authorisation
- Managers and the funds they run are usually authorised and supervised.
- Principal risks
- Market, liquidity, operational and valuation risk.
- Dependencies
- Administrators, custodians, distribution and reporting.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainBrokerage and capital-markets services
- What it is
- Executing trades and providing market access.
- Typical customers
- Investors and institutions.
- Typical authorisation
- Brokerage and market-making are regulated, and membership of venues has its own conditions.
- Principal risks
- Market, counterparty, settlement and conduct risk.
- Dependencies
- Venue access, clearing and settlement, capital.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainInsurance and risk-transfer products
- What it is
- Offering protection against defined losses.
- Typical customers
- Individuals and businesses.
- Typical authorisation
- Insurers are authorised and supervised, and distribution is regulated separately.
- Principal risks
- Underwriting, reserving, investment and conduct risk.
- Dependencies
- Capital, reinsurance, actuarial capability, claims handling.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainTreasury and liquidity services
- What it is
- Helping organisations manage cash, funding and liquidity.
- Typical customers
- Corporates and institutions.
- Typical authorisation
- Depends on the products offered. Hedging and funding products can be regulated.
- Principal risks
- Liquidity, counterparty and market risk.
- Dependencies
- Bank relationships, market access, systems.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainFinancial accounts and money-management tools
- What it is
- Tools that help people see and manage their money.
- Typical customers
- Individuals and businesses.
- Typical authorisation
- Pure tools can fall outside licensing, but account information and initiation services may not.
- Principal risks
- Data-protection, accuracy and conduct risk.
- Dependencies
- Data connections, consent, security.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainPersonal financial services
- What it is
- A set of services for individuals.
- Typical customers
- Individuals and households.
- Typical authorisation
- Depends on which products are in the set.
- Principal risks
- As for each underlying product, plus conduct risk.
- Dependencies
- As for each underlying product.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainBusiness financial services
- What it is
- A set of services for small and large businesses.
- Typical customers
- Businesses of all sizes.
- Typical authorisation
- Depends on which products are in the set.
- Principal risks
- As for each underlying product, plus credit and concentration risk.
- Dependencies
- As for each underlying product.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainInstitutional financial products
- What it is
- Products designed for institutional buyers.
- Typical customers
- Institutions and professional investors.
- Typical authorisation
- Professional-client status can change the rules that apply, and the products themselves can be regulated.
- Principal risks
- Market, counterparty and liquidity risk.
- Dependencies
- Distribution, custody, risk systems.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Business domainFinancial marketplaces and distribution
- What it is
- Bringing buyers and providers of financial products together.
- Typical customers
- Individuals, businesses and providers.
- Typical authorisation
- Arranging and distributing products is regulated in many jurisdictions.
- Principal risks
- Conduct, conflicts-of-interest and operational risk.
- Dependencies
- Provider relationships, comparison methodology, compliance.
- Whether and how Mynd Finance operates it
- Will be disclosed soon.
Connection to the industry side
The same technology, research, risk and governance capabilities support both sides. A domain operated by Mynd Finance can be a client of the industry services, and the reverse. See shared capabilities.
Our financial business