These three account-provider types are licensed differently and offer different guarantees. Understanding the difference helps you read what an account actually offers, rather than assuming all three are interchangeable.
A bank licence generally permits lending and typically comes with deposit-guarantee-scheme coverage up to a set limit. An EMI (electronic money institution) issues e-money and generally safeguards client funds separately rather than lending them out. A payment institution facilitates payments without necessarily holding balances long-term. None of the three is inherently "better" — they serve different needs.
Traditional banks can lend against deposits and typically participate in a national deposit-guarantee scheme, subject to its coverage limit.
EMIs are licensed to issue electronic money and typically must safeguard client funds (e.g. in a separate account or via insurance), rather than lending them.
Some payment institutions focus on facilitating transactions rather than holding client balances over time.
The label alone doesn't tell you the protection level — checking the provider's actual licence and regulator is the reliable way to know.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
We assess the structure and requirements against what providers typically accept before recommending a direction.
We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
Not inherently — EMIs are regulated and generally must safeguard client funds, though the protection mechanism differs from a bank's deposit guarantee. It's worth understanding which applies to your specific provider.
It depends on what you need — lending, deposit-guarantee coverage, multi-currency flexibility, or fast digital onboarding each point differently. This is a case-by-case fit question, not a universal ranking.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
No obligation — we review your case and respond with a straight answer.
Tell us about your company and payment needs — we review the case and point you to a provider genuinely suited to it.
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