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STORNEST
United Arab Emirates
01 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 STORNEST
Company Information
Get to know STORNEST
STORNEST is Dubai-based startup that provides a unique service (digital legacy planning tool) designed to share to your loved information that you keep private while you are alive, in case something happens to you. Our mission is to provide peace of mind for our clients now, and for their loved ones when they may need it the most. The way it works is clients upload their information (information on financial/real estate/other assets, passwords, crypto-currency keys, etc.) in their cloud folder, we check if they are doing well, and if needed we share the stored information with their assigned beneficiaries. The service has been designed with end-to-end maximum security using strictest security design and features, because we use some of the world’s most advanced security features and infrastructure. Unlike any other storage platform that is currently on the market, STORNEST aims to give a piece of mind to people who are concerned about what happens to their important files and documents in case of a sudden passing. Product launch: Scheduled for January 2020.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
- Technology Software Development
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