We are excited to announce the latest addition to our offerings: USDT (Tether) direct deposits. This innovative feature, now available to all our individual and business customers
FV Bank Introduces USDT Deposits: Seamless Stablecoin-to-USD Conversion Read More »
FV Bank is thrilled to announce the launch of its VISA Debit and Corporate Expense Cards. These cards offer seamless access to bank balances and digital asset custody, providing unmatched financial flexibility to individuals and businesses alike. With global usability and straightforward management through FV Bank’s online platform and mobile app, customers can now enjoy a streamlined, comprehensive way to spend their funds.
FV Bank Unveils New VISA Debit and Corporate Expense Cards Read More »
The FV Bank team landed in Dubai amidst a historic storm that swept through the region.
Undeterred, the FV Bank pressed on, and although we faced some initial difficulties, we were committed to attending TOKEN2049 amidst the flooding and general disruption caused by the weather.
Token2049 Dubai: A Stormy Start, a Stellar Finish Read More »
We are thrilled to kick off 2024 with a new development that is set to enhance your banking experience – Introducing EUR Deposits!
ENHANCING DEPOSITS: INTRODUCING EUR TO FV BANK Read More »
In a financial landscape where the need for speed is paramount, international transfers can be both costly as well as time-consuming. FVNet takes the lead by offering faster intra-bank transactions that surpass the efficiency of traditional payment methods. It allows customers to execute transfers to fellow FV Bank account holders instantly and at a fraction of the usual cost.
FVNet – Revolutionizing Intra-Bank Transactions Read More »
FV Bank is leading the way in creating smart financial solutions in a world full of fast-changing technology and evolving money matters. We like to call it FINnovation! We want to help you grow and manage your money more effectively. Our latest offering, Custody Money Market Accounts, is here to make your financial life easier.
2023 has been a year when the entire cryptosphere has been laser-focused on regulatory battles across the world, with new rules being crafted to govern this fast-growing industry. The last time we released our quarterly update, we observed the FTX exchange’s fall, followed by even more unfortunate events, including the banking collapse of Silicon Valley Bank, Signature Bank, and Silvergate Bank. These incidents raised concerns about the stability and risks associated with the digital asset industry. The contagion fears resulting from these events highlighted the need for robust regulatory frameworks and risk management practices. To prevent such debacles in the future, governments and regulators across the globe are working aggressively to introduce a comprehensive regulatory framework that will bring order to the markets and protect consumers. This move has sparked mixed reactions in the industry, with some calling it https://www.traditionrolex.com/20 “Operation Choke Point 2.0” while others see it as positively impacting the industry. It’s important to note that conclusions on either side may change as global crypto regulations become more transparent and consistent. FV on Compliance and Regulation In a recent interview with FinanceFeeds, CEO Miles emphasized the importance of compliance and regulation in the industry. He urged market participants to take a proactive approach to meet regulatory requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. Paschini highlighted that compliance not only protects the company but also ensures the safety and trust of customers and the overall market. In addition to this, CRO Nitin shared his thoughts on MiCA (Markets in Crypto Act), Europe’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. Nitin regarded MiCA as a good starting point, pointing out previous regulations in Europe, such as DLT licenses in Gibraltar, Estonia, and Lithuania. However, he emphasized that creating a comprehensive regulatory framework still requires further work and learning from these experiences. What we’ve been up to in 2023… Expanding Cross-Border Payments Service Despite the regulatory challenges, at FV, we remain committed to expanding our banking and payment solutions to meet the evolving needs of our customers. In line with this commitment, FV introduced a new Cross-Border Payments Service. This service enables FV account holders to make foreign currency payments in nine different local currencies, including Euro (EUR), British Pound Sterling (GBP), Canadian Dollar (CAD), Hong Kong Dollar (HKD), Singapore Dollar (SGD), Japanese Yen (JPY), South African Rand (ZAR), Brazilian Real (BRL), and Mexican Peso (MXN). Read more on our blog. Welcoming New Executives FV Bank welcomed two key executives to its leadership team. Frank J. Serra joined as the Chief Financial Officer (CFO), bringing valuable experience to support FV Bank’s expansion and service offerings. Luz Mabel del Valle assumed the role of Chief Risk Officer and Chief Compliance Officer, ensuring that risk management practices are implemented effectively as the bank expands its geographical reach. Participation in Global Events and Conferences The FV team continued its active involvement in prominent fintech and Web3 events & conferences worldwide. Our team represented FV at various industry gatherings, including Consensus by Coindesk and Bitcoin 2023 Miami. These events provided opportunities for insightful discussions, interviews, and networking within the digital asset and fintech communities. Consensus’ Coindesk, 2023 recap blog. Bitcoin 2023 Miami recap blog. Check our events gallery page for some snippets from the events we attended: Interviews and Webinars Our leadership team has been actively participating in interviews and webinars to share their expertise and perspectives. These engagements allowed FV to contribute to the knowledge-sharing and collaborative efforts within the fintech and digital asset space. https://youtu.be/1dkko4SmQ6ohttps://youtu.be/rsQzuuJwaHohttps://youtu.be/7R7cl1Tvwbk What’s coming next at FV In Miami, our CEO Miles took the main stage of Bitcoin 2023 conference to unveil what’s coming next at FV: FV Bank VISA Debit Cards for Individuals and Corporates Institutionalization of the FVNet platform Introduction of Interest-Bearing Custody Accounts Watch this video from the Bitcoin Conference to listen to the complete announcement 🔽 https://youtu.be/wGYcT6L_gDc Stay tuned for more updates on our journey throughout 2023, and don’t forget to follow us on our social channels for breaking news!
FV Bank – Updates: Q1 and Q2 2023 Explained Read More »
Brazilian Real (BRL) & Mexican Peso (MXN) added to FV Bank’s Cross Border Payments Service.
We are pleased to announce FV Bank’s cross-border foreign currency payments service for our U.S. and international customers. With this new offering, we enable our account holders to make frictionless international payments in seven currency options – EUR, GBP, CAD, HKD, SGD, ZAR and JPY, with more foreign currencies to be added in the coming weeks. The new payment facility creates a competitive advantage for our global clients, allowing them to transact internationally in seven different local currencies quickly, securely, and at lower cost through our market-leading competitive FX rates. This opens up new market opportunities for global merchants and customers needing to send or receive international payments to their vendors, consumers, friends, family, and other counterparties. Benefits to CASPs and Blockchain Companies When combined with our existing service of USDC stablecoin deposits, the cross-border payment service provides a new benefit to our clients operating in the digital asset industry for managing international payroll expenses, corporate expenses, payment service provider (PSP) conversions, and more. Clients can directly deposit USDC stablecoin into their FV bank account and have it instantly converted into U.S. dollars (USD) upon deposit. Customers can then send foreign currency cross-border payments in the currently supported seven currency options via the FV Bank platform. How does FV Bank integrate cross-border payments service We have integrated the cross-border payments service within our regulated and compliant banking and payments infrastructure. This means, similar to making USD payments via domestic and international wire transfers and the ACH network, account holders can now transfer money in seven different local currencies without the need to trade in foreign currencies, open additional accounts, or be forced to hold foreign currency balances. To execute a foreign currency payment request, simply choose from the seven available foreign currencies and provide the payment details of the beneficiary. This can be accomplished via the FV Bank portal or API. While processing the payment, you can confirm the FX rate in the payment dashboard, providing transparency and certainty. Check out our user guide to know more: https://www.fvbank.us/resources/fvbank-banking-payments.pdf “…Adding cross-border payment options to our suite of digital banking products provides our clients with increased efficiencies, convenience, cost-savings and reliability for their international payment processing requirements…. Miles Paschini, FV Bank CEO Tweet
Make cross-border payments in EUR, GBP, SGD & more with FV Bank Read More »
Being unbanked puts a person in constant financial strife that primarily affects the low-income population, immigrants, and young adults, and implies shifting to high-cost alternatives, the inability to access affordable credit, as well as higher cashout and mailing money order fees, to say the least.
Banking in the New World of Fintech, Challenger Banks and Crypto Read More »