Moorwand’s 2018–2025 timeline charts rebuild to scheme access, daily safeguarding, clean audits, and a 2025 roadmap on acquiring, faster settlement, transparency.
-- IMCWire - Moorwand’s 2018–2025 timeline charts rebuild to scheme access, daily safeguarding, clean audits, and a 2025 roadmap on acquiring, faster settlement, transparency.
Moorwand Ltd has published a timeline covering 2018–2025 that traces the company’s operational development, governance reforms, and steps taken to meet UK electronic- money regulations. The summary frames how Moorwand says it has strengthened controls and matured its business as it expanded services in the payments sector.
Moorwand says each stage of the timeline reflects tighter controls over onboarding, settlement, safeguarding client funds, and reducing exposure to financial crime risk.
2018–2020: Restructure and Core Issuing Capability
The company states that the business underwent significant restructuring following the acquisition around 2018. At that point, the firm was described as a distressed asset with a tiny team. The company says it focused on rebuilding governance, rebuilding credibility, and rebuilding infrastructure. The headcount at that stage was roughly eight people.
By 2019, the company had secured principal membership with major card schemes, including Mastercard and Discover. The firm links this milestone to regulatory oversight and scheme-level scrutiny. Moorwand says that direct scheme access has enabled the firm to act as both issuer and acquirer for approved programmes, reducing its reliance on intermediaries.
In 2020, the company launched a BIN sponsorship model. It describes BIN sponsorship as a structured way for programme managers and fintech operators to get to market more quickly, while still being monitored for compliance, onboarding quality, AML exposure, and transaction behaviour.
2021–2022: Banking Connectivity and Governance Reform
In 2021, Moorwand entered into partnerships to support Faster Payments, Bacs, and safeguarding infrastructure through regulated banking partners such as ClearBank. The firm says this was a key development because it enabled Moorwand to handle settlement and reconciliation in a way that directly supports the safeguarding of relevant funds.
This stage also involved strengthening safeguarding procedures and daily reconciliation. The firm states that relevant client funds are held in segregated safeguarding accounts, reconciled every day, and escalated immediately if any breach is identified. Responsibility for preserving was placed at the executive level.
In 2022, Moorwand says it carried out another governance restructuring. The company formalised a three-line defence model: operational delivery of services, risk and compliance review, and independent assurance reporting to senior leadership and the board. The firm describes this as the point at which compliance became embedded into standard business processes rather than treated as a side function.
2023–2024: Operational Efficiency and Audit Outcomes
Through 2023, Moorwand focused on operational efficiency, reporting, and reconciliation. The firm says it invested in systems for audit-ready data, automated reconciliation, and more precise reporting lines between programme activity and settlement accounts. These changes were positioned as part of its role in the UK payments ecosystem and its responsibility as an electronic money institution.
The company reports that independent external specialists reviewed safeguarding controls and financial crime processes in 2023 and 2024. According to the firm, those reviews found no critical or significant findings. Moorwand states that it also had no adverse findings by regulators and remains compliant with applicable UK and EU requirements.
In 2024, Moorwand says it expanded its infrastructure to support multi-currency capability, broader acquiring capacity, and global settlement reach. The firm links these developments to its role in providing payments access, issuing, and account infrastructure to regulated partners.
2025: Expansion of Acquiring and Transparency
For 2025, Moorwand has set focus areas rather than standalone product launches. The company plans to continue work on acquiring services, faster settlement, and enhanced onboarding scrutiny for merchants and programme managers. This includes transaction monitoring, fraud controls, and due diligence, all designed to align with UK regulatory oversight in the fintech sector.
The agency also says it intends to extend its reporting transparency to clients. Its position is that programme managers should be able to see not only what is being processed, but how that activity is being reconciled, safeguarded, and supervised.
Moorwand’s View of Its Own Development
Moorwand links the entire timeline to a single message. The company says it moved from recovery and restructuring to card scheme access, to settlement and safeguarding, to embedded governance, to audit-backed assurance.
The firm says the path aligns with regulatory and partner expectations for a payments institution that protects customer funds, enforces compliance, and operates with clear, documented accountability.
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