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Driveway
United States
01 Jan 2011 (14 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Driveway
Company Information
Get to know Driveway
Driveway is a cloud-based technology that helps ordinary drivers become safe drivers and helps insurers find and reward them. The company provides auto insurers with comprehensive insured driving data for better pricing intelligence – maximizing the opportunity for lower loss ratios and higher profits. While the technology sets new performance standards in the Usage-Based Insurance arena, affordability, scalability, and ease of rollout are the head-turning features that position auto insurers for cost-effective speed to market. Driveway's patented artificial intelligence (AI) technology measures safe and unsafe driving behaviors automatically, right from a driver's smartphone. It combines sensor fusion, machine learning, and artificial intelligence algorithms to sense car trips and driver aggressiveness without the need for plug-in hardware.
Industry
- Financial InsurancePRIMARY
- Technology Software Development
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