FV Bank’s H2’2023 in Review: Weathering the Storm, Embracing Transformation
As we bid farewell to 2023, we reflect on the transformative journey that has defined the banking, digital assets and fintech landscape. It has been a year of challenges and triumphs, and we want to express our sincere gratitude to our customers for their unwavering support throughout.
FV Bank remained steadfast despite the backdrop of high-profile failures in the fintech and digital asset space and the upheavals in the banking sector. Our commitment to solid fundamentals has allowed us to weather the storm successfully, emerging as a market-leading innovative bank and a focused and committed financial partner ready to ride the next wave of transformation in the banking sector.
A Message from our Chief Revenue Officer:
This special video message from our CRO, Nitin Agarwal, highlights key insights into FV Bank’s evolution and the exciting prospects that lie ahead: https://youtu.be/6-24sH79Jrg?feature=shared
Key Developments and Insights from the second half of 2023:
Custody Money Market Account: Earning Opportunities for All
We introduced the Custody Money Market Account, empowering our valued clients to earn income on their account balance. This inclusive opportunity extends to small to medium-sized enterprises and individual investors, allowing them to invest in US Treasuries through our secure banking dashboard. With no minimum holding period requirement, we’ve made it more flexible than ever.
Enhanced FVNet: Real-Time Fund Transfers
We’ve upgraded our FVNet payment feature, allowing account holders to seamlessly transfer funds in real time to another FV Bank account holder, ensuring quick and efficient transactions at a low cost.
Improved Cross-border Payments: Expanding Horizons
Our commitment to meet the global payment needs continues with the addition of new foreign currencies to our cross-border payment feature. Account holders can now pay in 10 foreign currencies, including EUR, GBP, HKD, CAD, SGD, ZAR, BRL, MXN, JPY, and AED. Anticipate even more transformative payment features in 2024, redefining how businesses transact globally.
Welcoming Jennifer Yaris Rodríguez: Strengthening Our Team
We are delighted to announce the addition of Jennifer Yaris Rodríguez to our team as the new Senior Trust Officer. Rodriguez’s expertise further fortifies our custody department, underscoring our commitment to achieving excellence and driving innovation in the dynamic FinTech and digital asset sectors.
Engagement with Industry Leaders and Innovators
Our team actively participated in various global industry events, including Money 20/20 USA, Singapore Fintech Festival, TOKEN2049, and more. Additionally, we hosted a networking breakfast during TOKEN2049, bringing together visionaries and stakeholders from around the world. Explore snippets from these events on our events gallery page.
Dive into thought-provoking insights from our leadership team
- CEO Miles Paschini in Transaction Banking Webinar discussing trends and insights for 2024 hosted by The Global Treasurer: https://app.livestorm.co/contentive/the-pulse-of-banking-trends-and-priorities-for-2024
- Chief Compliance and Risk Officer Luz Mabel shares her insights on mitigating risk through the continuous monitoring of crypto transactions in GlobalFintech Series article: https://globalfintechseries.com/blockchain/global-fintech-interview-with-luz-mabel-del-valle-chief-risk-officer-at-fv-bank
- Interview with FV Bank’s Head of Core Banking and Cards, Madhu Balasubramanian by Bank Automation News: https://bankautomationnews.com/allposts/core-cloud/5-questions-with-fv-bank-head-of-core-banking-and-cards-balasubramanian/
- CRO Nitin Agarwal shares his analysis of PayPal’s stablecoin announcement and its potential impacts on the market: https://thecryptomusings.substack.com/p/downgraded
As we step into a new chapter, FV Bank remains dedicated to innovation, excellence, and being your trusted financial partner. Thank you for being a part of our journey. Here’s to an exciting and prosperous 2024!
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