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Greek Fintech Cluster
Greece
Sep 2019 (6 Years)
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Security Information
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 Greek Fintech Cluster
Company Information
Get to know Greek Fintech Cluster
Greek Fintech Cluster has been the cumulative outcome following a series of successful collaborations among the stakeholders and open innovation actions shaping the fintech ecosystem in Greece. Key organizations have joined forces to accelerate fintech! Founded in September 2019, Greek Fintech Cluster already consists of 12 members. Eight SMEs, four research organizations (IOBE, Regional Development Institute, Academy of Entrepreneurship & Hellenic Blockchain Hub) have signed the relevant Memorandum of Understanding (MoU), followed by large enterprises and financial institutions to be involved in the next phase. We also aim to welcome onboard an ecosystem of 600+ startups and development teams we have supported through hackathons, sandbox platforms and acceleration programs. Along with all partners and stakeholders of the Greek Fintech Cluster we will join forces with an extroverted orientation in order to develop innovative services and digital products for financial transactions, while facilitating the ecosystem.
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- Financial Other ServicePRIMARY
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