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Hammock
United Kingdom
2019 (6 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 Hammock
Company Information
Get to know Hammock
Hammock is a technology platform that helps landlords reconcile transactions on the go. The platform provides current account and data analysis services for the property sector. It brings FinTech and PropTech together, helping landlords and property managers save time and money in the management of their finances. Hammock translates information from individual transactions into real-time, actionable insights so they can monitor and optimize the performance of their portfolio. It also manages their property finances, from rent collection to insights into profit and loss, including bookkeeping and reconciliation. Hammock was founded by Manoj Varsani in 2019 and is headquartered in London, England, UK.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Financial Wealth Management
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