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Safeguarding
MSB Foreign Exchange is committed to the safety and security of your funds. We work with FCA-regulated partners to ensure that your money is protected. Our foreign exchange and payments partners are:
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The Currency Cloud Limited are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA Registration number: 900199.
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Sciopay Ltd are authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951.
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Ebury Partners UK Ltd are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Reference Number: 900797.
These partners meet and exceed FCA standards in three key areas:
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Capital adequacy: The FCA requires our partners to maintain adequate levels of capital to protect your funds.
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Client protection: Your funds are safeguarded by our partners at a credit institution.
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Robust internal risk management: Our partners have strict governance and operational processes in place to manage risk.
Depending on your specific arrangement - which includes, but is not limited to, a businesses jurisdiction, industry and product suitability - you will work with either Currencycloud, Sciopay or Ebury for your currency exchange needs. Funds are safeguarded by our FCA-regulated e-money partners at a credit institution, entirely separate from their own operating accounts, so client funds are safe.
When funds are posted to your account, e-money is issued in exchange for these funds, thanks to our collaboration with our regulated and trusted partners: Currencycloud, Sciopay and Ebury. In line with regulatory requirements, Currencycloud, Sciopay and Ebury safeguard your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of their, or our, insolvency. The safeguarding of your funds stops when the money has been paid out of your account to your beneficiary’s account.
MSB Finance is powered by Spark Intel technology, which is provided by our sole finance and lending partner:
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Spark Finance Limited are authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Reference Number: 958123.
In addition, our partners comply with the best practices and regulations pertaining to the management of personal data under the UK Data Protection Act (DPA), as well as the European Union's General Data Protection Regulations (GDPR).
We believe that these measures provide you with the highest level of protection for your funds. If you have any questions about our security practices, please do not hesitate to Contact us.
Thank you for choosing MSB Foreign Exchange.
MSB has carefully selected its partnerships to ensure our clients are provided with regulated products and services from industry leading fintech and foreign exchange partners.