iFast Global unveils cross-border digital banking platform in UK

By Gloria Methri

iFAST Global Bank, the UK-based digital bank division of iFAST Corporation Ltd has launched a Digital Personal Banking platform, a fully compliant cross-border digital bank.

This easy-to-register platform will offer online personal banking service to DPB customers from around the world, where they will be able to hold, spend and send across six currencies (GBP, USD, EUR, HKD, SGD, CNY), free of charge, earning interest as they go.

This is in line with iFAST Corp’s vision to adopt a global business model. iFAST Corp believes that it is important for wealth management platforms to be seamlessly linked to good digital banking services that are convenient and secure.

“The launch of our DPB platform will provide consumers around the world to access personal digital banking services in the UK for their personal and business needs and complements our Digital Transaction Business (DTB) which, supports the UK Payment Services industry,” said Muj Malik, CEO of iFAST Global Bank.

iGB account holders will be able to link up their digital banking accounts with the different platforms within iFAST Corp, including FSMOne.com, iFAST Financial, and iFAST Global Markets platforms in various markets.

“Over 780,000 iFAST Corp’s current clients across the various markets, including Singapore and Hong Kong, will be able to open iGB accounts available on the iFAST FinTech Ecosystem to access personal banking services, in a seamless manner,” added Malik.

“The launch of the DPB platform is a major milestone in iFAST Corp’s journey to become a global Fintech player. said Jeffrey Siow, Managing Director & Chief Operating Officer of Enterprise Singapore. Enterprise Singapore will support companies like iFAST Corp to accelerate their transformation and growth, and expand their global presence, in line with Singapore’s Enterprise 2030 vision to build a group of Singapore Global Enterprises.”

“With iGB, individuals are no longer restricted by platforms based in their own respective geographical locations. With a track record of over 20 years and assets under administration of S$17.42 billion, iFAST Corp is well-positioned to provide digital banking and wealth management capabilities to a global customer base,” said Lim Chung Chun, Chairman and CEO of iFAST Corp.