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Open Payments
Sweden
20 Sep 2017 (8 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 Open Payments
Company Information
Get to know Open Payments
Open Payments Europe is a developer of an open banking platform used to offer a single, open, and secure point of access. The company provides the groundbreaking market infrastructure required for successful open banking. The Open Payments Platform is a PSD2 compliant API aggregation platform that offers a single, open, and secure point of access to the diverse bank API networks throughout Europe. It was founded in 2017 and is headquartered in Stockholm, Sweden.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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