Licensed and regulated to ensure secure international money transfers
Covercy is supervised by two major regulatory bodies:
Extended Financial Services Provider License, issued by the Capital Markets, Insurance and Savings Authority (Covercy Technological Trading Ltd., License Number: 57797)
Authorised Payment Institution license from the FCA (Covercy Europe Ltd, license number: 675000)
We take a wide range of measures to ensure the security of your information and privacy:
We use state-of-the-art encryption technologies to protect your sensitive information, both in transit and at rest.
Your information is stored on secure Microsoft Azure servers, which meet the strictest security standards.
We operate in accordance with the Israeli Privacy Protection Law and the European GDPR regulations.
We conduct periodic security audits by external parties to ensure compliance with the highest standards.
Our privacy policy details how information is collected, used, and protected.
Client funds are held in separate accounts from Covercy operations, in accordance with the rules of the countries in which we operate. We work with leading banks and payment companies in their fields – to provide a safe and efficient service. Alongside our financial participants, we use our own technology, which has already handled many billions of dollars and hundreds of thousands of transactions, and it allows us and our partners optimal control over all client funds in our care at any given moment.
