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Oyoba
Switzerland
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 Oyoba
Company Information
Get to know Oyoba
Oyoba is a seed-stage financial services platform seeking to change how the traditional banking does. The company wants to turn consumer banking into a modern information service with smart and personalized applications. The envisioned platform will provide its users access to a wide range of fintech and blockchain services, including bank accounts, Bitcoin wallets, automated investment services, P2P payments, and debit card solutions. Oyoba believes that a new generation of financial companies is needed. The founders see the financial services of today as costly and inefficient. With a digital-only platform, the company holds that we can reduce a big chunk of these costs, lower the entry barrier, make some services cheaper, and affordable for others. Thus, putting everyone on equal footing of the financial system. The company's services is set to launch in 2018.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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