Cosmo Element is a boutique payment advisory firm based in Frankfurt, Germany.
Cosmo Element's mandate is to do this with honor and integrity as our core value is discretion. We believe and trust in our network of partners in various fields.
We offer services that help our partners to grow their businesses and create competitive differentiation through reliable payment methods. Our team comprises experts in various forms of consumer payments such as mobile, card, cash, and real-time payments. We also specialise in other emerging payment methods for any online merchant sector.
Our main goal is to deliver actionable insight based around the needs of our clients. While we still adhere to traditional methodologies on occasion, the fact of the matter is that we are also at the forefront of the financial sector.
Personalised services: Our value is in offering customised financial advice to our clients. In addition to understanding the specific needs of our clients and delivering them, we develop personal coaching relationships with our clients. We have become the ideal advisory firm for leading global organisations that value a strong consultant-client relationship.
Zero conflict of interest: We grow our business by increasing the bottom line of our clients. As a result, Cosmo Element advisors act on the client's best interest as they do not have the pressure to meet commission targets or recommend in-house solutions.
Niche-specific skills: The team at Cosmo Element has vast experience in the payment industry and it's very different business verticals. We help online merchants, technical platforms and financial institutions.
Knowledgeable and innovative: To keep our clients ahead of the competition, we hold regular special workshop meetings with European institutions to learn the latest trends and technologies then help our clients adjust. Our strong international network helps us to ensure our clients are capitalising on the latest trends in the payment sector and related industries.
We meet our clients' requirements by strategically positioning their business in payment ecosystems, managing their payment portfolio, and minimising their reputational and financial risks. Our core financial advisory services are:
We understand that identifying and exploiting emerging and hidden opportunities in the financial ecosystem determine the survival of a business, especially for clients whose margin depends on the commoditization of services. We use our domain knowledge and practical experience to offer keen insights on trends and value creation opportunities in the payment industry. We help our client with the following strategic planning needs:
The global payment ecosystem and the banking industry is ever-changing. Many senior managers have to deal with crucial decisions on accounts management, often with limited resources and information. Cosmo Element serves as their independent, trusted adviser and sounding board. We have gained our expertise in this niche by working collaboratively with financial service providers and merchants in every segment in the industry. We specialise in:
Countries in the EU are continually developing customer-centric financial compliance regulations aimed at improving the customer environment. We offer invaluable niche-based advice to organisations that have a global footprint on ways to adjust and meet these regulatory compliance requirements. Our services in this category are:
Financial regulatory authorities have come up with stringent licencing requirements to protect consumers, keep the industry stable, and ensure healthy competition. We help clients that wish to offer electronic money services, money service businesses (MSB), and money transmitters to acquire the right licences. We specialise in:
At Cosmo Element, we love to walk with our clients through the journey. Once our clients comply with the licencing of other industry regulations, we continually monitor regulatory trends, their effects, and how our clients can use them to their advantage. We recommend actionable solutions to identified compliance gaps. Our key focus areas are:
Nina Huelsken is the Founder and Managing Director of Cosmo Element.
She has held various management positions in the Payment Industry for well established global payment institutions.
Working with clients across the globe, she provides high-level strategic advice and oversees the implementation of a broad range of acquiring and payments projects.
Neuhofstraße 15, Frankfurt, 60318, DE
Neuhofstraße 15, Frankfurt, 60318, DE
We are very delighted that you have shown interest in our enterprise. Data protection is of a particularly high priority for the management of the Cosmo Element. The use of the Internet pages of the Cosmo Element is possible without any indication of personal data; however, if a data subject wants to use special enterprise services via our website, processing of personal data could become necessary. If the processing of personal data is necessary and there is no statutory basis for such processing, we generally obtain consent from the data subject.
The processing of personal data, such as the name, address, e-mail address, or telephone number of a data subject shall always be in line with the General Data Protection Regulation (GDPR), and in accordance with the country-specific data protection regulations applicable to the Cosmo Element. By means of this data protection declaration, our enterprise would like to inform the general public of the nature, scope, and purpose of the personal data we collect, use and process. Furthermore, data subjects are informed, by means of this data protection declaration, of the rights to which they are entitled.
As the controller, the Cosmo Element has implemented numerous technical and organizational measures to ensure the most complete protection of personal data processed through this website. However, Internet-based data transmissions may in principle have security gaps, so absolute protection may not be guaranteed. For this reason, every data subject is free to transfer personal data to us via alternative means, e.g. by telephone.
The data protection declaration of the Cosmo Element is based on the terms used by the European legislator for the adoption of the General Data Protection Regulation (GDPR). Our data protection declaration should be legible and understandable for the general public, as well as our customers and business partners. To ensure this, we would like to first explain the terminology used.
In this data protection declaration, we use, inter alia, the following terms:
Controller for the purposes of the General Data Protection Regulation (GDPR), other data protection laws applicable in Member states of the European Union and other provisions related to data protection is:
The website of the Cosmo Element collects a series of general data and information when a data subject or automated system calls up the website. This general data and information are stored in the server log files. Collected may be (1) the browser types and versions used, (2) the operating system used by the accessing system, (3) the website from which an accessing system reaches our website (so-called referrers), (4) the sub-websites, (5) the date and time of access to the Internet site, (6) an Internet protocol address (IP address), (7) the Internet service provider of the accessing system, and (8) any other similar data and information that may be used in the event of attacks on our information technology systems.
When using these general data and information, the Cosmo Element does not draw any conclusions about the data subject. Rather, this information is needed to (1) deliver the content of our website correctly, (2) optimize the content of our website as well as its advertisement, (3) ensure the long-term viability of our information technology systems and website technology, and (4) provide law enforcement authorities with the information necessary for criminal prosecution in case of a cyber-attack. Therefore, the Cosmo Element analyzes anonymously collected data and information statistically, with the aim of increasing the data protection and data security of our enterprise, and to ensure an optimal level of protection for the personal data we process. The anonymous data of the server log files are stored separately from all personal data provided by a data subject.
The website of the Cosmo Element contains information that enables a quick electronic contact to our enterprise, as well as direct communication with us, which also includes a general address of the so-called electronic mail (e-mail address). If a data subject contacts the controller by e-mail or via a contact form, the personal data transmitted by the data subject are automatically stored. Such personal data transmitted on a voluntary basis by a data subject to the data controller are stored for the purpose of processing or contacting the data subject. There is no transfer of this personal data to third parties.
The data controller shall process and store the personal data of the data subject only for the period necessary to achieve the purpose of storage, or as far as this is granted by the European legislator or other legislators in laws or regulations to which the controller is subject to.
If the storage purpose is not applicable, or if a storage period prescribed by the European legislator or another competent legislator expires, the personal data are routinely blocked or erased in accordance with legal requirements.
Art. 6(1) lit. a GDPR serves as the legal basis for processing operations for which we obtain consent for a specific processing purpose. If the processing of personal data is necessary for the performance of a contract to which the data subject is party, as is the case, for example, when processing operations are necessary for the supply of goods or to provide any other service, the processing is based on Article 6(1) lit. b GDPR. The same applies to such processing operations which are necessary for carrying out pre-contractual measures, for example in the case of inquiries concerning our products or services. Is our company subject to a legal obligation by which processing of personal data is required, such as for the fulfillment of tax obligations, the processing is based on Art. 6(1) lit. c GDPR. In rare cases, the processing of personal data may be necessary to protect the vital interests of the data subject or of another natural person. This would be the case, for example, if a visitor were injured in our company and his name, age, health insurance data or other vital information would have to be passed on to a doctor, hospital or other third party. Then the processing would be based on Art. 6(1) lit. d GDPR. Finally, processing operations could be based on Article 6(1) lit. f GDPR. This legal basis is used for processing operations which are not covered by any of the abovementioned legal grounds, if processing is necessary for the purposes of the legitimate interests pursued by our company or by a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the data subject which require protection of personal data. Such processing operations are particularly permissible because they have been specifically mentioned by the European legislator. He considered that a legitimate interest could be assumed if the data subject is a client of the controller (Recital 47 Sentence 2 GDPR).
Where the processing of personal data is based on Article 6(1) lit. f GDPR our legitimate interest is to carry out our business in favor of the well-being of all our employees and the shareholders.
The criteria used to determine the period of storage of personal data is the respective statutory retention period. After expiration of that period, the corresponding data is routinely deleted, as long as it is no longer necessary for the fulfillment of the contract or the initiation of a contract.
We clarify that the provision of personal data is partly required by law (e.g. tax regulations) or can also result from contractual provisions (e.g. information on the contractual partner). Sometimes it may be necessary to conclude a contract that the data subject provides us with personal data, which must subsequently be processed by us. The data subject is, for example, obliged to provide us with personal data when our company signs a contract with him or her. The non-provision of the personal data would have the consequence that the contract with the data subject could not be concluded. Before personal data is provided by the data subject, the data subject must contact any employee. The employee clarifies to the data subject whether the provision of the personal data is required by law or contract or is necessary for the conclusion of the contract, whether there is an obligation to provide the personal data and the consequences of non-provision of the personal data.
As a responsible company, we do not use automatic decision-making or profiling.
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