Asset Finance  through peer Lending

The Ablrate platform runs on a dedicated server provided by Rackspace.

Rackspace® (NYSE: RAX) is the global leader in hybrid cloud and founder of OpenStack®, the open-source operating system for the cloud. They have delivered enterprise-level hosting services to businesses of all sizes and kinds around the world since 1998 and have grown to serve more than 205,000 customers. They operate on four continents, and have been featured on Sunday Times' 100 Best Companies to work for.

Rackspace integrate the industry's best technologies for each customer's specific need and deliver best-fit solutions by leveraging a portfolio of public cloud, private cloud, dedicated servers, and a combination of platforms. Most importantly, it's all backed by the award-winning Fanatical Support provided by the company.

Ablrate has worked with Rackspace to make our system secure, robust and safe.

We use a secure connection via an SSL certificate with Thawte. (Clicking the green bar before our domain name will give you details)

SSL Certificates are small data files that digitally bind a cryptographic key to an organisation’s details. When installed on a web server, it activates the padlock and  the https protocol and allows secure connections from a web server to a browser. Typically, SSL is used to secure credit card transactions, data transfer and logins, and more recently is becoming the norm when securing browsing of social media sites. 

Deposits

When depositing funds on Ablrate we use the secure payment processor UPG. UPG has been processing card payments since 1998 and is the largest independently own Payment Services Provider (PSP) & Payment Gateway in the UK. Over that time, they have built up a customer base of many thousands of merchants, from small and medium sized businesses to the largest corporate brands. UPG has processed £33 billion in payments since inception.

Regulation

Ablrate is owned by Aviation and Tech Capital Limited who are authorised and regulated by the Financial Conduct Authority ('FCA'). The FCA took over the monitoring of peer lending platforms in April 2014. All companies in the sector have 'Interim Permissions' which now regulate the operations of businesses like Ablrate. For more information you can view the published details from the FCA here.

Ablrate, as with all peer lending companies, have been given a date by the FCA when we are able to apply for full regulatory status under the new regime. Between October 2015 and December 2015 we will submit our full application. 

At this time none of the peer lending companies are part of the Financial Compensation Scheme which is in place to compensate investors should a company go out of business. In order to protect client monies our client accounts are operated as part of a statutory trust and do not form part of the assets of the company. We also have in place a third party administrator who will take over the administration of the loans arranged via the Ablrate Platform in the unlikely event that we cease to operate.

We have spent considerable time making sure that our platform is secure and our processes are in line with the highest of standards for the security of our clients' funds. We are constantly reviewing our processes and technology for security for the users of our platform.