When our fintech company decided to enter the European consumer lending market, one of the biggest hurdles was obtaining a CCD2 license — a crucial authorization for operating as a consumer credit provider under EU regulations. At first, the licensing process felt intimidating and overly technical. We knew that even small errors in documentation or compliance could delay approvals, so we turned to ECOVIS for expert guidance — and the experience was exceptional.
From the very first meeting, the ECOVIS team demonstrated thorough knowledge of CCD2 regulatory requirements. Rather than giving us generic advice, they took time to fully understand our business model, credit products, operational workflows, and risk framework. Based on this assessment, they developed a customized roadmap designed to meet all regulatory expectations efficiently.
One of the biggest challenges we faced was preparing compliant documentation. ECOVIS helped us draft clear governance policies, risk management procedures, consumer protection frameworks, AML/KYC documentation, and all other required materials. Every document went through careful professional review to ensure it aligned perfectly with regulatory standards, reducing the risk of objections or delays.
Their communication with supervisory authorities was another major advantage. Whenever regulators requested additional information or clarification, ECOVIS prepared precise and professional responses on our behalf, keeping the application process running smoothly. Their proactive management of correspondence was incredibly valuable and stress‑reducing for our team.
ECOVIS also provided transparent guidance on expected timelines. Instead of unrealistic promises, they offered a practical schedule for each step of the process and kept us informed at every milestone. This clarity made it easier for us to plan internal operations and announce milestones confidently to stakeholders.
Thanks to their structured support and expertise, we successfully secured our CCD2 license without unnecessary obstacles. The entire licensing journey — from initial consultation to final approval — was well‑organized, efficient, and professionally managed.
If your fintech business is planning to apply for a
CCD2 license in Europe, I can confidently recommend ECOVIS based on our firsthand experience. You can explore their professional licensing support here: https://ecovis.lt/fintech/consumer-credit-provider/
Partnering with the right regulatory advisors transforms a complex process into a clear achievement — and ECOVIS delivered exactly that for us.