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XGen Group
Australia
03 Apr 2009 (16 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 XGen Group
Company Information
Get to know XGen Group
XGen Group offers is a Fintech Solutions provider, it offers a bank and finance company account operating system designed experienced bankers for bankers. The solution is designed as the backbone customer account management and to power the full loan life-cycle – from cross sell and up sell to loan origination to collections and pipeline performance tracking. The solution help increase profitability, drive productivity gains, regulatory compliance, increase customer and user experience and operational transparency at all organizational levels as well as across all lines of business The solution is specially designed to manage customer account loan lifecycle, customer on-boarding, Loan Origination, delinquent account management, business intelligence, document management solutions, business process management and customer relationship. It can be explicitly tailored to reflect bank requirements, look, and feel to meet brand identity and process comply with regulatory requirements. One of the key differentiation points of the solution is its ability to meet high levels of customization and short time-to-market (3-4 months for the software to go live).
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Technology Software Development
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