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United Kingdom
2020 (6 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 Nomo Fintech
Company Information
Get to know Nomo Fintech
Nomo is a fully digital banking service launched by the Bank of London and The Middle East plc (BLME), a subsidiary of Kuwait's Boubyan Bank. Its mission is to provide accessible, Sharia-compliant UK banking to customers with international lifestyles, primarily targeting residents of the Middle East. Through its mobile application, Nomo offers UK current accounts (in GBP and USD), savings accounts, and UK property financing solutions, allowing customers to manage their money internationally with ease from their home country.
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