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Luxembourg
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 ONPEX
Company Information
Get to know ONPEX
Founded in 2013, ONPEX GmbH was a regulated financial technology company that operated a comprehensive Banking-as-a-Service (BaaS) platform. Its core offering included multi-currency IBAN accounts, SEPA and SWIFT payment processing, and foreign exchange services, all accessible via a single API. ONPEX targeted other FinTechs, financial institutions, and digital businesses, enabling them to embed banking and payment functionalities into their own products. In December 2020, ONPEX was acquired by Vitesse, a UK-based FinTech specializing in global payment and treasury management solutions. The acquisition integrated ONPEX's technology and licenses into the Vitesse network, enhancing its capabilities and European presence. The ONPEX brand has since been absorbed into Vitesse.
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