Company Information

Get to know Parallel

Parallel is a UK-based financial technology company that offers solutions for businesses to manage and execute international payments and mitigate foreign exchange risk. Founded to challenge the complexity, high costs, and lack of transparency in traditional banking, the company provides multi-currency accounts, spot FX conversions, and tailored hedging strategies. Parallel combines a proprietary technology platform with dedicated currency specialists to offer a more efficient and cost-effective service for businesses operating globally. The company is authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Parallel

United Kingdom

Founded in

1993 (33 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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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.