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Belgium
2013 (13 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 NewB
Company Information
Get to know NewB
NewB was a cooperative financial institution established in Belgium with a mission to create an ethical, sustainable, and transparent bank that served the real economy. Founded in 2011 by a diverse group of civil society organizations and citizens, it successfully raised capital through crowdfunding campaigns to become a citizen-led bank. After obtaining its banking license from the European Central Bank in 2020, it offered basic banking services. However, due to challenges in raising the additional capital required by regulators for long-term viability, NewB announced the cessation of all its banking activities on October 28, 2022, and surrendered its banking license. The cooperative now continues its mission by promoting ethical finance as an agent for vdk bank.
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