Galobank was not born with the idea of being just another financial provider, but with the real vocation to add value to users by integrating the best FinTech companies with the traditional banking experience and the crypto world.
The Canadian banking system is a modern, cost-effective and safe system, holding the first position in the global ranking of the most solid banks created by the World Economic Forum.
At federal level, the banking institutions in Canada are supervised by the Office of the Superintendent of Financial Institutions (OSFI) and by FCAC, guaranteeing deposits in Canadian dollars of up to $ 60,000, through the Canadian Deposit Insurance Corporation (CDIC), which also exerts a regulatory influence.
It is a simple and very direct regulation, which shall provide our customers with the best guarantees in order to carry out global transactions with maximum safety and trust.
This grants Galobank its first differential advantage, since it manages to integrate FinTech services under banking license and regulation, an element that most current competitors (Neobanks) cannot provide.