Company Information

Get to know Bits Technology

Bits Technology AB is a Swedish financial technology company that provides a comprehensive open banking API platform. The company's mission is to enable other businesses, from fintech startups to established enterprises, to build innovative financial products and services. By aggregating connections to a wide network of European banks, Bits offers a single API for accessing financial data (Account Information Services - AIS) and initiating payments (Payment Initiation Services - PIS). Founded in Stockholm, the company is a licensed payment institution regulated by the Swedish Financial Supervisory Authority, positioning itself as a key infrastructure provider in the European open banking ecosystem.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Bits Technology

Sweden

Founded in

01 Jun 2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Security Information

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.