Security

Meridian Currency and our partners take security and compliance extremely seriously. It’s paramount to protect both our clients and ourselves. Our payment providers invest heavily into maintaining the strictest levels of security throughout their entire infrastructure.

We strategically chose to partner with one of Europe’s fastest growing Financial Technology (FinTech) companies, Ebury Partners UK Ltd. They are one of the best funded FinTech companies in Europe and received investment of over $83 million to help accelerate growth and innovation. Our decision to partner with Ebury was due to their deep levels of liquidity, seamless operational capabilities and strict security measures, which all ensure a quick, secure and efficient service.

Ebury Partners UK Ltd is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Ref. Number: 900797, click here for further information). As such, client funds are always held in segregated accounts, entirely separate from their own operating accounts, meaning client funds are completely ring-fenced, secure and can never be claimed by any creditors. This means that, in the unlikely event of Ebury’s insolvency, your funds will be fully protected and an administrator will reimburse you from the safeguarded funds.

The FCA requires standards to be met across three areas and Ebury exceeds all three of these standards which are as follows:

Capital Adequacy – The levels of capital requirements are based on Ebury’s level of activity. The FCA regularly reviews their capital adequacy.
Client Protection – Client funds are held in segregated accounts, entirely separate from Ebury’s own operating accounts, so client funds are always safe.
Robust Internal Risk Management – There is strict governance and operational processes in place to scrutinise the accuracy of each of the transactions, with appropriate involvement from the Directors. Compliance with governance and processes is regularly audited.

If you need further information about any security questions then please just ask and we will be happy to assist.

1.  RING-FENCED CLIENT ACCOUNTS
Funds always fully protected and segregated.
2. TIER 1 BANKS

All client funds securely stored in Ebury’s accounts with Tier 1 banks.

3. ROBUST INTERNAL RISK MANAGEMENT

Strict governance and operational processes to scrutinise the accuracy of all transactions.

4. MULTIPLE LEVELS OF AUTHORITY

Divide up users’ roles and online permissions. 10-eyes processing technology.

5. STRICT SECURITY CONTROLS

Two-factor authentication, IP restriction, and real-time intrusion detection systems.

6. ADVANCED CLOUD TECHNOLOGIES

Production environments hosted using advanced cloud technologies.