Systems Audits for Innovative Technology Arrangements

In FinTech


Malta is the first jurisdiction worldwide that has introduced a comprehensive regulatory framework catered for the Distributed Ledger Technology (DLT) and crypto industry. The Malta Financial Services Authority (MFSA) requires issuers (those wishing to do an ICO from Malta) and Service Providers (such as cryptocurrency exchanges applying for a licence in Malta), to undergo a Systems Audit as part of the approval process. Systems Audits involve a detailed review of the systems, policies and procedures in place to ensure compliance with the minimum standards established by the Malta Digital Innovation Authority (MDIA) for Innovative Technology Arrangements (ITAs), that is systems that utilise DLT. 

Nexia BT, an approved Systems Auditor, has a team of local and international subject matter experts each specialised in their specific areas such as penetration testing, ISO 27001 based assessments and blockchain-based code reviews.

Our Services

Systems Audits as required by the MFSA for Issuers or for applicants of a VFA Service licence. 
System reviews to ensure that the client’s systems, policies, procedures and ITAs meet the required standards as established by the MDIA. This service is offered to ensure that clients are well prepared before conducting a Systems Audit.
Cybersecurity assessments, including penetration testing and threat assessments, in-line with Issuers’ and Service Providers’ obligations with the MFSA’s Guidance Notes on Cybersecurity.

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Our team will help you deliver results whilst working to the highest professional standards. Nexia BT your reliable partner in Malta.

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