Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Monday, January 24 2022 - 17:32
AsiaNet
GLOBAL FINTECH BANK TAKES OFF
LABUAN, Malaysia, Jan. 24, 2022 /PRNewswire-AsiaNet/ --

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

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