LBX has partnered with an authorised UK electronic money institution (EMI). All EMIs are required by the FCA to safeguard funds received in exchange for e-money that is issued. In conjunction with our banking partners we are fully compliant in separating client funds from operational accounts.
Further information relating to safeguarding of client funds can be found at this link. https://www.fca.org.uk/publication/finalised-guidance/fca-approach-payment-services-electronic-money-2017.pdf#10