PR94194

LABUAN, Malaysia, Jan. 24, 2022 /PRNewswire=KYODO JBN/ --

FINTECH BANK to spread its wings with its digital banking foray

FINTECH BANK LTD (FBL), a Labuan-based commercial bank licensed by the Labuan

Financial Services Authority (Labuan FSA), has started to serve a large and

rapidly expanding international clientele. The bank will be the first seamless

business and fintech industry-friendly commercial bank in Asia.

FINTECH BANK offers a wide range of global banking solutions to satisfy its

clients' customers' needs on a 24/7 basis. Adopting Temenos, the world's no.1

banking system in their services, allows customers to open a personal or a

business bank account online efficiently and securely. New bank account

applications can be approved within 5 minutes in total privacy via

authenticated facial recognition technology in full compliance with AML/KYC/CFT

protocols. The process becomes a fully digital onboarding experience with zero

physical bank branch visits required.

Companies from all jurisdictions and individuals can set up a bank account with

zero monthly maintenance fee and no minimum account balance, fast customer wire

transfers, and enjoy its banking solutions, intending to make transacting

easier across the globe.

Apart from the efficient online onboarding, FINTECH BANK connects the digital

assets and fintech industry with fiat currencies by offering clearing and

settlement solutions for institutions, companies, investors, and retail users

worldwide. The goal is to bring simplicity and efficiency to every digital

asset transaction.

FINTECH BANK is a strategic partnership between Ho Wah Genting Investment Bank

(Labuan) P.L.C and Hamilton Reserve Bank, a fully regulated global bank

providing services in 10 different currencies across 150 countries, to serve

the needs of the fintech industry in a wider capacity. To this end, the bank

follows top compliance programmes to give customers the best banking experience

possible.

The financial institution first commenced its operations as a new commercial

bank licensed by the LFSA in April 2021. The bank is headquartered in Financial

Park Labuan, the largest integrated commercial landmark in the Federal

Territory of Labuan, Malaysia, and started online onboarding customers

worldwide from 15 July 2021 upon licensed by Labuan FSA, the regulatory body

for Labuan International Business and Financial Centre (IBFC). Set in the

Labuan International Business and Financial Centre (IBFC), the bank is

strategically located in the heart of Asia Pacific. Regulated by the LFSA,

Labuan IBFC is home to more than 16,000 registered companies and more than 800

licensed entities operating regionally, presenting a perfect financial

opportunity for businesses seeking to connect with Asia's economies and beyond.

"FINTECH BANK is entering an exciting phase where we can work with customers

and companies globally. We look forward to providing banking solutions for

onshore and offshore entities, making transactions easy, efficient, and secure

across the world. We aim to onboard one million customers online who place

their trust in our financial services in the next 12 months. As our institution

grows, we also plan to scale up our operations and continuously provide better

offerings for customers." said Gavin Lim, FINTECH BANK director.

For more information about FINTECH BANK LTD, please visit our website,

https://www.fibank.com.

FINTECH BANK LTD. (License No: 210137B)

Bank licensed under Labuan Financial Services & Securities Act 2010

Labuan Office

Level 4 (J), Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka,

87000, Federal Territory of Labuan, Malaysia.

Tel: +6087 430 461

Kuala Lumpur Office

2nd Floor, Wisma Ho Wah Genting

35, Jalan Maharajalela,

50150 Kuala Lumpur, Malaysia.

Tel: +603 2702 8133

Visit us on social media:

Facebook(https://fb.me/FINTECHBANKLTD)

LinkedIn(https://www.linkedin.com/company/fintech-bank-limited/)

About FINTECH BANK LTD (FBL)

FINTECH BANK LTD (License No: 210137B) is a fully regulated global bank based

in Labuan, Malaysia established by a team of prominent, Wall Street experienced

bankers and lawyers duly licensed by Labuan Financial Services Authority in

Malaysia. Powered by advanced Temenos banking technology, the Bank has offered

personal banking, business banking, and fiat currencies settlement serving a

large and rapidly expanding clientele worldwide. FBL has a "fortress" balance

sheet, zero customer loan exposure, pristine regulatory compliance record,

strong customer privacy protection, speedy client onboarding, and 24/7

e-banking.

About Labuan Financial Services Authority (Labuan FSA)

Labuan Financial Services Authority (Labuan FSA) was established on 15 February

1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the

statutory body responsible for the development and administration of the Labuan

International Business and Financial Centre (Labuan IBFC), home to more than

16,000 registered companies and more than 800 licensed entities operating

regionally, presenting a perfect financial opportunity for businesses seeking

to connect with Asia's economies and beyond.

Source: FINTECH BANK LTD

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=413538