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Union Financial Technologies
Estonia
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What are the differences in regulations for each
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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 Union Financial Technologies
Company Information
Get to know Union Financial Technologies
Union Financial Technologies is an innovative company dedicated to helping Financial Service providers improve their client retention, profitability and corporate governance. Launched in 2013 their Digital Core, Credit Scoring and Client Engagement solutions have already helped international Retail banks, Credit Unions and start-up Consumer Credit firms. At present they are active in the Baltic, Nordic, UK and Irish markets and continually expanding their geographic coverage to support clients. They are also expanding their functional offering to address the changing shape of financial services and in 2015 will launch a new solution to support Crowd/P2P providers. Their vision is to create a range of easy-to-use solutions which can be used as standalone modules or integrated infrastructure. All solutions will be digitally enabled, meaning real-time, multi-channel and highly scalable. Union benefits from a team of professionals with deep experience in finance and technology. Peeter Klanberg has over 20yrs experience managing IT for Nordic banks, developing solutions for Credit Unions and Central Banks and as a technology investor. Neil Mathieson has 20yrs experience in global capital markets, advising on finance transformation and commercialising financial technologies. They are based in Tallinn, Estonia and privately owned and funded.
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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