Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain regulators,” said the exchange. Binance Now Licensed in Bahrain Cryptocurrency exchange Binance announced […]

Two of the biggest crypto exchanges in the world just opened up shop in the Middle East in their latest push for global expansion. Binance, the biggest crypto exchange in the world just won the very first crypto provider service license in the Kingdom of Bahrain. “Binance has been granted the first license for a […]

The post Crypto Exchanges Race to The Middle East! appeared first on Coin Bureau.

Hex Trust, an Asia-based digital asset custodian which is fully licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced that it has closed its Series B funding round of USD $88 million. This funding round was co-led by Animoca Brands and Liberty City Ventures. Participants in the […]

The post Asia-based crypto custodian Hex Trust raises USD $88M in Series B appeared first on CryptoNinjas.

Central Bank of Bahrain (CBB) has granted Binance a crypto-asset service provider license.

FV Bank (www.fvbank.us), the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services to fintech and blockchain firms, has introduced its first application programming interface (API) to advance bank automation and integration for its clients' operations.

FV Bank's new API will provide multiple benefits to corporate and institutional clients who need to integrate compliant banking solutions into its products. The API will enable firms to reduce operating costs and effortlessly scale their operations through automating data flows and payments systems. 

The API will streamline everything from the creation of beneficiaries and payments including ACH, Domestic Wire, International wires and internal transfers using FVNet. When creating beneficiaries and payments, for example compliance functions automatically run in the background including sanctions screenings to ensure AML compliance. The new API also provides real time webhook notifications for incoming and outgoing payment and transaction reconciliation — creating a better experience for both firms and their customers.

“We founded FV Bank, to foster growth between banks and fintech creators,” said Miles Paschini, co-founder and CEO FV Bank. “Our new API will allow customers to seamlessly integrate payments and banking into their platforms and improve customer experiences.  With our API FV Bank clients can create compliant banking experiences directly with a bank partner instead of using an intermediary Bank as a Service (BaaS) provider. Our goal is to vertically integrate and provide the regulatory and compliance functions of a bank and also deliver the tech solutions directly to our customers." 

FV Bank's API will also enable clients to integrate  banking solutions into their own fintech and blockchain applications enabling USD Bank Account functionality to their customers. The API facilitates instant transfer of funds to their customers' FV Bank Account enabling real time payouts and, when permissioned, to request funds from a customer's FV Bank account and access balance and transaction history data. 

Future releases of the API will include integration with FV Bank's digital asset trust and custody services, opening up the ability for fintech and blockchain creators to develop exciting new products while maintaining compliance with a regulated banking partner.

FV Bank also recently announced a strategic investment in DIRO, and integration of DIRO's patented Decentralized Document and Entity Verification Engine technology solution into its account opening protocols to facilitate compliant automation of its Know Your Customer (KYC) and Know Your Business (KYB) processes.

About FV Bank  

Founded in 2018 by payments veterans Miles Paschini and Nitin Agarwal, FV Bank International is redefining digital banking. Fully licensed by the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF), FV Bank supports the growth and unique requirements of Fintech and blockchain companies and their clients through seamlessly integrating traditional banking services with digital asset management.

For more information, please visit: https://www.fvbank.us/ 

Connect with FV Bank on twitter and LinkedIn

Exciting open vacancies at Hazy, Starling Bank and Monzo. Apply today!

U.K. digital bank Monzo is officially entering the U.S. market this week. The startup announced it’s now allowing U.S. clients to apply for a Monzo account. Monzo has been in closed beta for the past 18 months, during which time it has onboarded thousands of new U.S. customers, processed millions of dollars of transactions, and Read more...

The post Monzo Officially Launches in the U.S. appeared first on Finovate.

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