Crypto banks are financial institutions that specialize in traditional banking services with digital currencies as their currency of exchange or wealth management platforms, offering more services beyond simply holding and exchanging digital assets.
Few companies have already found success in this space by providing distinctive offerings like secure and regulated custody for digital assets, trading services, lending products, and expertise in tokenization.
BankProv
BankProv is a business bank that offers an array of banking services, such as deposits, loans and wire and ACH transfers. Furthermore, they also offer banking-as-a-service through APIs which enable fintech companies to create full stack white label banking solutions with BankProv as their backbone.
BankProv stands out from traditional banks by enabling clients to move money between accounts in both USD and cryptocurrency, as well as providing real-time fund transfer through ProvXchange – which makes the service particularly suitable for tech businesses.
BankProv offers businesses that deal with volatile cryptocurrencies the security of FDIC deposit insurance up to $250,000, plus another $76.5 million by Depositors Insurance Fund – an advantage over competitor Silvergate which only insures up to that figure. BankProv offers business owners who wish to bank with both traditional institutions and crypto options the chance for increased banking flexibility.
Evolve Bank & Trust
Evolve Bank & Trust operates within both banking and fintech. They offer services including open banking, commercial/consumer banking, mortgages and community funding based out of Memphis Tennessee.
Evolve Bank & Trust connected Albert, Branch, Klover and ZayZoon pay advance companies with Mastercard Send API in 2018 so gig workers could more quickly receive their salaries – helping them pay bills, manage household expenses and avoid debt more effectively. This has greatly enhanced their ability to pay bills, manage expenses and avoid debt.
The company provides free online banking, bill pay, and access to thousands of surcharge-free ATMs on the MoneyPass network with its Visa debit card. Furthermore, its mobile app enables customers to easily move funds between accounts.
SBI Sumishin Net Bank
SBI Sumishin Net Bank is an Internet bank dedicated to meeting customer needs with cutting-edge financial transaction systems that lower costs while providing real-time information. SBI Sumishin Net Bank also offers various banking and investment products, such as yen deposit accounts, FX trading accounts, investment trusts and loans such as housing and card loan services.
SBI Sumishin Net Bank introduced FIDO-compliant authentication in 2020, enabling customers to log into their bank account using only one app rather than entering passwords and verification codes separately – making managing finances from smartphones or tablets much simpler! In addition, users are able to transfer funds both domestically and internationally quickly and conveniently – this mobile financial service comes highly recommended!
DBS Bank
DBS Bank provides its customers with a full array of banking services, from personal loans and investment solutions to secure internet connections and mobile apps for accessing accounts anywhere around the world. In addition, there are additional features such as e-wallets and mobile banking provided.
DBS Bank of Singapore was established in 1968 and since 2009 has played a central role in Singapore’s growth. Under CEO Piyush Gupta’s direction, operations across Asia and Australia are overseen. Originally known as DBS Singapore Finance Ltd.
DBS Bank stands out in the industry with its digital strategy, with an emphasis on offering customers a seamless and frictionless banking experience. Both its internet and mobile banking platforms feature 110 features from super-secure login to user-friendly navigation and fast transactions; additionally, its digibank mobile app provides exclusive privileges such as discounts and rewards.
Mizuho Bank
Mizuho Bank is one of Japan’s premier financial institutions and enjoys global prominence, offering banking, securities trading, trust banking services as well as asset management and custodial custody services for various assets.
Mizuho offers numerous programs designed to advance diversity and inclusion at work. These include the Women’s Initiative Network and Mizuho Pride Network which provide employees with cultural awareness training as well as connections to their wider communities.
Mizuho Bank will utilize Oracle’s banking solutions to replace its legacy systems in major overseas offices, including FLEXCUBE for direct deposit accounts and Oracle Banking Liquidity Management for critical cash management functions. These will offer real-time processing support as well as high levels of STP for deposit operations while simultaneously enabling integrated postings between branches and subsidiaries.
