San Juan, Puerto Rico, United States - 07/07/2020 — Global Digital bank, FV Bank International Inc. (FV Bank) (www.fvbank.us) today announced the launch of its fintech friendly online bank. FV Bank is an online only bank offering individual and business accounts to international clientele. Individual accounts are focused on global citizens who are seeking access to reliable, online banking solutions. Business accounts are for businesses seeking access to U.S. dollar banking solutions which are fintech friendly. FV Bank has deployed a state of the art digital banking platform which enables FV Bank to offer a wide variety of services and is free from constraints of legacy banking systems.
FV Bank is launching with a digital automated onboarding system which leverages artificial intelligence, mobile phones and machine learning to quickly onboard customers. The platform takes a short video of customers, captures identity information and provides automated screening against various sanctions and anti money laundering systems. The service enables account opening in as little as 10 minutes while preserving FV Bank's commitment to KYC and AML standards.
“Our ability to quickly and efficiently onboard customers from a variety of jurisdictions is a clear competitive advantage. We are excited to offer an international audience a modern regulated product which has historically not been accessible to most. The technology we have deployed ensures we can offer a great customer experience while maintaining our high compliance standards” said Miles Paschini, CEO of FV Bank.
“We are excited to be one of the first U.S. digital only banks focusing on international clientele. The U.S. Dollar is still king and many technology driven businesses need access to banking and technology solutions, we are well positioned to meet this rising demand. In a global market, ecommerce, payments and general trade rely upon efficient payment solutions and FV Bank is here to meet those needs. We have an exciting roadmap that includes issuance of payment cards, investment products and merchant settlement services.”
FV Bank is available to U.S. and international customers, (excluding residents of Puerto Rico). Customers can apply online at https://www.fvbank.us for a personal or business account.
About FV Bank International Inc.
FV Bank International Inc. (FV Bank) is licensed by the Office of the Commissioner of Financial Institutions (OCIF) with license number IFE-063. FV Bank is headquartered in Puerto Rico, United States. FV Bank is wholly owned by Fintech Ventures LLC and was founded by payments veterans Miles Paschini and Nitin Agarwal.
Media Contacts:Company Name: FV Bank International Inc.