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Mogoplus
Australia
2013 (12 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 Mogoplus
Company Information
Get to know Mogoplus
MOGOPLUS is a ground-breaking FinTech business providing uniquely-secure technology to banks, lenders, and other businesses helping them unlock deep insights into consumer’s true financial profile. MOGOPLUS allows consumers to automatically verify their identity and provide transactional data without divulging their login credentials and passwords to anyone other than their own bank. MOGOPLUS enables consumers to safely share their personal financial data (e.g. bank account transactions and bank statements) with potential lenders in real-time, enabling the lender to provide instant credit decisions, without leaving a mark on the consumer’s credit score. The data retrieved by MOGOPLUS is digitally processed, categorised and sent to potential lenders eliminating manual processing, saving time, reducing fraud, and improving the customer journey. MOGOPLUS is currently working with major banks, lenders, tenant vetting firms, mortgage brokers and a range of other businesses in both UK and Australia, with discussions underway for expansion into new territories.
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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