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Kornerstone Credit
United States
May 2018 (7 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 Kornerstone Credit
Company Information
Get to know Kornerstone Credit
Kornerstone Credit is a consumer financing company that uses mobile and cloud-based solutions for retailers to help them provide their customers with the option of paying for merchandise over time using the lease-to-own program. It was launched in May 2018 founded by 100+ team of leading industry veterans, technology experts, and financing professionals. It is headquartered in Draper, Utah.
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- Financial Other ServicePRIMARY
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