Company Information

Get to know OpenBank Innovation

OpenBank Innovation is the branding for the technological core of Openbank S.A., the fully digital bank of the Santander Group. Established in its current form in 2017 with a new, technologically advanced platform developed entirely in-house, Openbank offers a full suite of retail banking services without physical branches. Its mission is to combine the security and trust of a major financial group with the agility and user experience of a fintech company. The "Innovation" aspect highlights its focus on developing cutting-edge, secure, and scalable banking solutions for its customers across several countries.

Industry

Financial BankingPRIMARY
Financial Other Service

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OpenBank Innovation

United Kingdom

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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.