Draft:Altery
Submission declined on 21 February 2025 by KylieTastic (talk).
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Altery LTD, affectionately known as Altery, is a financial technology company that proudly operates as an Electronic Money Institution. Since 2020, the company has been regulated and licensed by the United Kingdom Financial Conduct Authority (FCA). The main passion lies in making global money transfers and payments smooth and easy for both individuals and corporate customers alike.
| Type | Information |
|---|---|
| Type of business | LTD |
| Traded as | Altery |
| Founded | April 2020 |
| Headquarters | London, United Kingdom |
| Country of origin | United Kingdom |
| Area served | 30+ countries |
| Industry | Financial Service |
| Services | Currency exchange services. Bank account offering and money transfer options |
| URL | altery.com |
History
2020
Altery starts as a small-scale Authorised Electronic Money Institution following the granting of a licence by the Financial Conduct Authority (FCA) and offers merchant services solely to corporate clients.
2022
The beginning of a new era for Altery marks the launch of an innovative business strategy aimed at delivering a borderless payment solution for professionals worldwide. An extensive onboarding initiative results in an influx of dedicated and inspiring subject matter experts to drive Altery's progress and evolution.
May 2023
The Altery brand first captures public attention with the launch of our website. We invite friends and family to participate in our testing process, engaging with the product and offering valuable consumer feedback.
November 2023
The first Altery digital cards become available to our EU customers. Altery is up and running, proudly supporting the financial needs of our community of professionals.
2024 year
Launched more services such as physical debit cards powered by Visa, SEPA and more.
Services:
Personal and corporate banking
SWIFT: SWIFT payments, also known as international wires, are a type of cross-border transfer processed through the SWIFT global payment network. As one of the world's largest financial messaging systems, the SWIFT network facilitates international transactions. Altery supports the sending and receiving of select currencies via SWIFT payments.
An IBAN (International Bank Account Number) is a globally recognised banking identifier used to facilitate international transactions. It consists of a country code, bank code and account number, ensuring secure and efficient cross-border payments. IBANs are widely used in Europe and many other regions to reduce errors and enhance processing speeds. Personal IBAN numbers can be found via the Altery account.
SEPA: The Single Euro Payments Area (SEPA) is a standardised system for processing cross-border euro (EUR) bank transfers, ensuring they are as seamless as domestic transfers within participating countries. SEPA was established to simplify and streamline EUR transactions across European borders, ensuring faster, more secure and cost-effective payments. It includes all Eurozone countries, EU member states, and a few additional regions that facilitate EUR bank transfers.
Since Altery processes payments via SEPA transfers, funds move between countries through correspondent banks, ensuring efficient and reliable international transactions.
Mobile App: Users with a personal Altery account and debit card can access a range of financial services, depending on their market. These services include seamless payments and card transactions, secure savings options, investment and trading opportunities, cryptocurrency transactions, and multi-currency accounts supporting GBP, EUR and USD. This comprehensive suite of features allows users to manage their finances efficiently, whether they’re spending, saving or investing across different currencies.
Telegram’s first banking app: As a widely adopted and trusted financial platform, Altery offers a seamless Telegram bot solution, eliminating the need for customers to install multiple banking apps. With the Altery Telegram bot, users can access the same features available in the app - and more. This includes the ability to send and receive money directly through Telegram contacts, providing a fast and convenient banking experience within a familiar messaging environment.
Security:
Altery's users rely on us to protect their sensitive data and ensure the security of their customers' information. As a payments infrastructure company, we are committed to continuously strengthening our security measures to meet the rigorous standards of the global financial industry.
Altery, as a financial technology firm, functions within a multifaceted regulatory environment aimed at safeguarding our enterprise, clientele, and the integrity of the financial sector system.
Compliance is embedded in every aspect of Altery’s financial products, from marketing and onboarding to account management and closures. For instance, we ensure that all financial product terms - such as fees, interest rates and payment requirements - are transparently communicated upfront in our marketing materials. During onboarding, the company conducts rigorous Know Your Customer (KYC) checks and sanctions screenings, while also adhering to fair lending laws when extending credit. Additionally, if a customer falls behind on payments, Altery comply with debt collection regulations that dictate how and when collection reminders may be communicated. This represents just one aspect of Altery’s dedication to ensuring compliance and upholding the highest regulatory standards within the fintech sector.
PCI DSS policy:
Altery is fully PCI-DSS compliant, adhering to all necessary regulations to ensure the highest level of security for payment card data. To enhance consumer data protection and trust in the payment ecosystem, the Payment Card Industry Security Standards Council (PCI SSC) established a minimum standard for data security.
As a PCI-compliant organisation, Altery continuously assesses and validates its security measures, recognising that compliance is an ongoing process rather than a one-time event. As the company grows and evolves - whether by expanding operations, entering new markets or launching additional services - Altery proactively reviews its PCI compliance framework to ensure continued adherence to industry standards.
Altery's PCI DSS compliance is built on three core principles:
Secure handling of payment data: All sensitive cardholder information is collected, transmitted and processed securely.
Robust data storage protection: Altery follows the 12 security domains of the PCI DSS standard, including encryption, continuous monitoring and security testing to prevent unauthorised access.
Annual validation & audits: To maintain compliance, Altery undergoes regular security assessments, external vulnerability scans and third-party audits to ensure all security controls remain in place. By maintaining full PCI DSS compliance, Altery guarantees a secure and trustworthy payment experience for its customers while upholding the highest industry standards.
Altery is an ISO 27001
ISO 27001 is the leading international standard for information security, encompassing people, processes and technology. This certification ensures that Altery upholds the highest standards for protecting our clients’ and research participants’ data. Altery demonstrated full compliance with Information Security Management System (ISMS), a comprehensive framework of processes, systems and training that integrates all legal, physical and technical controls required for effective information risk management. ISMS governs every aspect of data security, both physical and digital, ensuring the secure collection, processing, storage and deletion of data, including Personally Identifiable Information (PII). To maintain Altery’s commitment to security, the company regularly conducts independent assessments and audits by an accredited certification body, ensuring continuous adherence to ISO 27001 requirements.
Altery IT team:
In just 12 months, Altery’s IT team - 35 experts strong - built a powerful, all-in-one financial app that’s redefining how users manage payments, transfers and financial services. Designed for seamless functionality and an intuitive experience, the platform proves that a small, highly skilled team can drive real innovation in FinTech.
Supported industries:
- E-commerce Platforms & Marketplaces
- Advertising & Marketing
- Digital Product Distribution
- Gaming (Online Games, E-sports)
- Affiliate Networks
- IT & Blockchain Development
- Legal, Accounting, HR, Consulting
- Media, Blogging, Streaming
- Manufacturing & Retail
- Online Shops & Sellers
- Private Transportation
- Telecommunications (VOIP)
- Translation & Writing Services
- Education & Training
- Freelance Platforms
- Courier & Logistics
- Customer & Technical Support
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
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