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Mooverang
Spain
12 May 2014 (11 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 Mooverang
Company Information
Get to know Mooverang
Mooverang is the OCU application that helps manage personal economy. It is unique in the market and helps consumers make their own financial decisions independently and rigorously, because it allows you to easily organize bank accounts and cards effortlessly and without spending hours with Excel calculations and sheets. Its mission is to make people enjoy their money more and invest it in things that make them happy. It is a way of simplifying decision making, advising them independently and defending their right to have their financial data to make the right decisions. Mooverang has no investment from investment capital funds or any accelerator. Its financing comes directly from OCU, a consumer organization that, with this project, bets on the future to empower the consumer in an immediate and direct way. This project is part of a European initiative of consumer associations and Spain, by its characteristics, is the first country in which the service has landed, but the idea is that in the future it will have a presence in other countries. With more than 150,000 users, mooverang differs fundamentally from the competition because it is the only personal economy manager in the world endorsed by an independent consumer association. And therefore, it cannot contain advertising or transfer user data to third parties. But the great value of mooverang over other similar apps is its ability to cross the consumption data of its users with OCU comparators and be able to automatically send personalized recommendations every time they detect a possible source of savings. This can save them up to € 2,000 a year.
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