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Rakons
France
12 Dec 2020 (4 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 Rakons
Company Information
Get to know Rakons
Rakons offers mobile banking solutions to customers in the European Union . It provides international money transfer, investment, overdraft, and cash withdrawal and deposits at stores. Rakons is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange. It is on a mission to build a fair and frictionless platform to use and manage money around the world. Philippe Monakhov founded Bankesco in December 2020, with its headquarters in Strasbourg in France
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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