Alisa Bank is a new, growing Finnish digital bank that was emerged when Fellow Finance, a leading crowdfunding and peer-to-peer lending service in the Nordics, merged with part of Evli Bank in 2022.
One of the key issues in the establishment of the new bank has been the implementation of banking regulation throughout the organisation. Waselius advises Alisa Bank in financial regulation and assists in regulatory monitoring in the financial regulatory field. This helps the bank to assess changing regulation against its own practices and processes.
“Waselius provides Alisa Bank with regular updates and recommendations on how to stay up-to-date with regulatory requirements while minimising the risks to the bank’s business. The cooperation not only supports compliance with the regulation, but also helps to anticipate and prepare for future changes that may affect the bank’s business”, says Piia Vuoti, Alisa Bank’s General Counsel.