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Parkway Projects
Nigeria
Apr 2004 (21 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 Parkway Projects
Company Information
Get to know Parkway Projects
Parkway provides simple, intuitive, end-to-end corporate, retail and transaction banking solutions. Our core platform and service offering for government agencies, large corporates and small / medium enterprises (SME) enables our partner banks expand market share and build stronger relationships with businesses across the continent. Our youth banking and bottom of the pyramid (BOP) banking offerings take consumer engagement to a whole new level creating compelling opportunities for customer acquisition, retention and dominance in the African retail banking space. Incorporated in Lagos – Nigeria, April 2004, we currently serve over 3,000 government agencies, large corporates & SMEs in conjunction with leading banks across 30 African countries, use our solutions in multiple sectors of the economy (education, health, oil & gas, manufacturing, hospitality, aviation, etc). Parkway is the first IT Company in Nigeria to attain the ISO9001:2008 quality management system certification placing the company amongst an elite list of professionally run organizations world-wide. We are licensed by the Central Bank of Nigeria as payment service provider and mobile money operator.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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