Apply For and Maintain MTLs At Scale
Brico helps enterprise money services businesses (MSBs) manage multi-state money transmitter license (MTL) compliance. Automate reporting, renewals, and license tracking in one centralized platform backed by licensing experts.
Why Multi-State MTL Compliance Breaks Enterprise Teams
Managing 30 to 50 money transmitter licenses across states stretches even the most experienced compliance teams.
Without centralized systems, deadlines get missed, reporting slips, and manual work compounds, especially during renewal season.
No Centralized Tracking Means Filings Get Missed
Spreadsheets, inboxes, and shared drives can’t keep up with multi-state license management. No matter whether the license is on NMLS or a state portal, Brico has you covered from managing ACNs, to filing renewals and submitting reports.
Licensing Requirements Constantly Change
Forms, reporting formats, and due dates vary by jurisdiction. Without a system to track them, teams burn time chasing checklists, state code and contacting regulators—all the while risking fines for non-compliance.
Team Absenses (or Turnover) Can Cause Chaos
Unexpected leave? New compliance team hire? No problem. One platform means everyone can see current license status plus historical context, allowing team members to jump right into workflows.
MTL Compliance Without the Headaches
Brico helps enterprise fintechs and MSBs automate license renewals, regulatory reporting, and compliance workflows across all 50 states. With built-in deadlines, audit trails, and expert-backed oversight, Brico cuts costs, reduces risk, and keeps your team focused on strategic growth.
Up-To-Date Requirements
100+ checklists, 500 pages of state code distilled to create up-to-date actionable and easy to understand requirements across all US states.
Intelligent Automation
Auto form-filling and faster application preparation by leveraging smart data mapping.
Reduced Paperwork
Over 200 paper forms digitized in-product so you reduce reliance on physical paper
Centralized Source of Truth
Centralize all work and knowledge in one platform to own your source of truth for future exams and audits. Never lose context during team expansion or employee turnover.
Built-in Project Management
Effortlessly collaborate with team members and external vendors by assigning tasks, automating reminders and feedback. Save valuable time by eliminating the need for repetitive follow-ups on tasks.
Licensing Expert-in-the-Loop
Get the benefit of a dedicated licensing expert to help unblock any hurdles in addition to the guidance in our platform.
Director of Regulatory Enablement at Bilt Rewards
Schedule a Demo
Reduce compliance costs. Derisk your license maintenance.
Find out how Brico can streamline your MTL maintenance and scale with your organization.