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Mr Banks Kenya
Kenya
28 Jun 2017 (8 Years)
Last online: No recent activity
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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 Mr Banks Kenya
Company Information
Get to know Mr Banks Kenya
Mr. Banks is an ambitious platform aimed at bringing consumers closer to financial institutions by providing the best matches to their individual financial needs. By allowing convenient access to a wide range of banking products, the website addresses a major pain point in Kenya and helps users make the best and most informed financial decisions. With so many banks in Kenya, many of us find it tedious to scrutinize the hundreds of bank products and their different features. This gap is where Mr. Banks comes in. Mr. Banks acts as your best friend when deciding which account works best for you, or which bank has the perfect loan for your needs. Whether you’re price sensitive or concerned about turn-around time, Mr. Banks collects your information into a database, then submits your request to the relevant banks who in turn revert with their best offers, making it so much easier for you to choose a banking product that fits your needs. By constantly updating content, we stay current to help you make the best and most informed financial decisions.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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