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InConnect
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05 Nov 2021 (3 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 InConnect
Company Information
Get to know InConnect
Nov 2021: implementing our first PoC project based on our proprietary Quick Scan Home Safety @ major NL insurer Sept 2021: raising pre-seed / seed capital for our PoC market entry. Contact [email protected] for more information! InConnect is a Europe-based start-up revolutionising the way we manage our day to day safety, starting with the home. Smart homes & IoT are a gamechanger for how we deal with fire / burglary / water / cyber risks. Using this growing number of sensors and data sources, we take the safety aspect as a starting point and have developed a fully digital customer journey that logically links safety and insurance with better outcomes for all involved. Our data-driven approach includes safety scans, value-added services and dynamic insurance. We aim to mitigate up to 50% of home insurance claims in the areas of fire, burglary, water and cyber risks. We’ve laid the groundwork for our connected home insurance concept including functioning prototypes, safety models, insurance products and a robust, centralised system approach. Market research and initial tests show promising results. Now seeking funding to achieve the next milestones. Our central safety theme presents an excellent opportunity to build an attractive value proposition for any B2C organisation looking to broaden their offering and increase their customer share of wallet.
Industry
- Financial InsurancePRIMARY
- Financial Wealth Management
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