Security

Q: Is Finofo a regulated entity?

Yes, Finofo is registered with FINTRAC and Revenu Quebec as a Money Service Business (MSB), adhering to strict regulatory standards to ensure the security and compliance of our operations. Our licenses can be easily verified through Revenu Quebec and FINTRAC's public links by searching our company name.

Q: What banks does Finofo partner with for holding funds?

Our banking partners include global financial institutions such as Barclays, Citi, CFSB, DC Bank, UBS, Standard Chartered, Credit Suisse, DBS, along with select local banks in the EU and LATAM regions. This network allows us to offer unique bank account details for fund collection, making your transactions with us seamless and secure.

Q: How does Finofo ensure the safety of my deposits?

Finofo has developed technology to integrate with multiple global banks, allowing your funds to be held in segregated accounts. These accounts are exclusively in your name, ensuring that even in unlikely adverse scenarios, your deposits remain secure. We have no ownership or direct access to these funds, emphasizing our commitment to your financial safety.

Q: What security measures does Finofo employ to protect against cybersecurity breaches?

At Finofo, safeguarding your data is paramount. We employ industry-leading 256-bit encryption to secure all transactions and personal information, a standard among the highest for financial services. In the unlikely event of a security breach, our protocols are engineered to anonymize personal data, significantly reducing any risk of exposure. Rest assured, your security and privacy are our utmost priorities.

Q: Can Finofo's technology integration with banks benefit my business?

Absolutely. Finofo's advanced technology seamlessly integrates with leading global banks, enabling us to offer unique banking details for each customer. This integration allows for efficient, secure transactions and personalized banking solutions, ensuring your business can operate globally with ease.