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Finland
1994 (32 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know Loomis Automatia Oy
Company Information
Get to know Loomis Automatia Oy
Loomis Automatia Oy is a Finnish financial services infrastructure company that manages Finland's largest and most recognized ATM network, branded as "Otto.". The company was originally founded by a consortium of Finnish banks in 1994 to centralize ATM services. In 2020, it was acquired by the global cash handling leader, Loomis AB, and now operates as Loomis Automatia Oy. The company's mission is to ensure the availability, security, and development of cash services throughout Finland by maintaining thousands of ATMs for cash withdrawals, balance inquiries, and cash deposits.
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