Challenger bank Zenus Bank has been permitted to act as a bank, taking it one step closer to its stated goal of enabling remote banking access for people around the world.
The Puerto Rico-based FinTech company announced the new permits on Monday August 12.
On its website it states that its vision is to make Zenus Bank the “first US bank for global clients” and to “enable global financial inclusion, not only across multiple geographies but also across all levels of society by providing a secure, accessible and technologically advanced cross-border e-banking solution to individual and corporate customers throughout the world.”
It launched its website in July, but already claims to have received thousands of signups to its waiting list from interested customers in 118 countries.
While it is unclear how many clients will eventually sign up, those who will shall, according to Zenus Bank be able to remotely access their funds via the company’s website or its app.
“We are solving a key financial inclusion challenge by enabling remote access to best in class global banking products and services for people around the world,” said Mushegh Tovmasyan, chairman and founder of Zenus Bank.
In other challenger bank news, Dutch independent bank bunq recently introduced an API marketplace for developers. This will empower them to demonstrate their apps by using the FinTech company’s open API.
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