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United States
2009 (17 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 provident financial group
Company Information
Get to know provident financial group
Founded in Bradford in 1880, Provident Financial plc was a British financial group specializing in sub-prime (or non-standard) lending. For over a century, its core business included doorstep loans (the Consumer Credit Division), credit cards through its subsidiary Vanquis Bank, and vehicle finance via Moneybarn. In response to mounting regulatory pressure and changing market dynamics, the company closed its historic doorstep lending business in 2021. In March 2023, the parent company officially rebranded to Vanquis Banking Group to better reflect its strategic focus on its primary banking and lending operations through its main subsidiaries, Vanquis and Moneybarn.
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