Are there alternative options to building my own Electronic Money Institution (EMI) capability?

Yes, securing an Electronic Money Institution (<a href="/glossarycollection/electronic-money-institution" style="color:#48277C;" target="_blank" title="Electronic Money Institution"><u>EMI</u></a>) licence is a significant undertaking. Depending on the financial services your business is seeking to provide, engaging a Banking-as-a-Service provider to deliver them could be an excellent option.