We work with FCA regulated partners
Safety and security are the driving force behind every decision we make at ECAP. Protecting your funds from unnecessary risk is our primary goal and this governs the way our business operates. We work with liquidity providers. Our primary and selected infrastructure providers include:
The Currency Cloud Limited (CC) The Currency Cloud Limited (CC). CC is authorised by the Financial Conduct Authority (FCA) for issuing of electronic money and the provision of payment services. Firm Reference Number 900199. The FCA register can be viewed at https://register.fca.org.uk. CC is registered with FinCEN and is authorised in 22 states to transmit money.
The Global Currency Exchange Network Limited (GC Partners) Global Currency Exchange Network Limited (GCEN). GCEN is authorised by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2017 for the provision of payment services. Firm Reference Number 504346. The FCA register can be viewed at https://register.fca.org.uk
Ebury Partners (UK) Limited ECAP. Our primary and selected infrastructure provider is Ebury Partners (UK) Limited. Ebury are authorised by the FCA as an Authorised Electronic Money Institution (AEMI). FCA Reference Number 900797. The FCA register can be viewed at https://register.fca.org.uk
ECAP is partnered with iBanFirst Limited as its payment and liquidity partner. iBanFirst Limited is authorised by the Financial Conduct Authority for the provision of payment services under the payment services regulation 2017 (Reference number: 504494) and supervised by the Financial Conduct Authority under the Money Laundering Regulation 2017. The FCA register can be viewed at https://register.fca.org.uk
FCA Regulation Requirements
The FCA requires our selected partners to meet and exceed standards across three areas:
Capital Adequacy
The levels of capital requirements are based on the levels of financial activity. The FCA reviews capital adequacy on an annual basis.
Client Protection
Funds are safeguarded by our FCA regulated e-money partners at a credit institution.
Robust Internal Risk Management
Our liquidity providers have strict governance and operational processes in place, scrutinising the accuracy of each transaction, with appropriate involvement from Directors. All compliance policies and procedures are regularly audited.
Information Security
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).
Other Partners
Alongside our primary foreign exchange providers above, ECAP also partner with several other regulated institutions in a variety of fields to offer services in high-risk FX/IBAN solutions, asset management, escrow, re-financing, mortgages, swaps, derivative products, invoice-financing and more. For further information about how we can assist you in the above fields, please contact our team on + 44 (0) 203 950 5482 or sales@exchange-capital.com under the subject heading ‘Alternative Products’ to book a consultation to discuss your requirements in more depth.
