12-10-2020

Ho Wah Genting Investment Bank and Nevis International Bank & Trust Announce Comprehensive Banking Services Partnership

Malaysia, 8 October 2020 -- Malaysia’s leading digital investment bank, Ho Wah Genting Investment Bank (HWGIB) today announces a strategic partnership with Nevis International Bank & Trust (NIB&T), a fully regulated leading global banking conglomerate with a deep British heritage. Through this partnership, HWGIB clients will gain direct access to Nevis International Bank & Trust’s full suite of financial products and efficient 24/7 online banking services. As a fully licensed commercial bank with payment and settlement capabilities for fiat currencies, NIB&T will also provide seamless banking support to Asia-based customers following NIB&T’s client onboarding protocols, supporting customers across 150 countries in 9 different currencies via SWIFT bank wires.

Through this collaboration, HWGIB and NIB&T will leverage the strengths of both institutions to offer their clients online bank accounts, public and private investment products worldwide, and the clearing and settlement of digital assets across a broad spectrum of digital platforms.

As the world adopts digital solutions, digital assets are viewed as a viable investment class with the Asian markets holding 40% of worldwide market shares. HWGIB, a digital investment bank with advanced blockchain payment solutions has implemented digital payment platforms, bridging the gap between digital and traditional banking services. HWGIB’s agility will allow it to be at the forefront of empowering their clients to integrate digital assets into the investment space more seamlessly.

Mr. Gavin Lim, CEO of Ho Wah Genting Investment Bank HWGIB commented: “HWGIB is a fully regulated investment bank under the supervision of Labuan Financial Services Authority (LFSA). Our customers in the vast APAC regions currently face severe banking infrastructural bottlenecks restricting their ability to efficiently transfer funds on a global scale. Through the partnership with Nevis International Bank & Trust, HWGIB’s clientele will be able to tap into the unmatched, integrated services of NIB&T’s complete range of commercial banking and capital market solutions in major currencies, offering the safety of customer SWIFT wires while maintaining the highest level of data privacy and customer care.”

NIB&T Chairman Sir Tony Baldry added: “Nevis International Bank and Trust is pleased to collaborate with Ho Wah Genting Investment Bank, a key partnership in the APAC region. NIB&T’s collaboration with HWGIB will exemplify the value made possible by the confluence of traditional banking and financial technology. Paired with NIB&T’s best practices standards in regulatory compliance, we are confident that this marketing partnership will provide APAC customers with a modern and efficient global platform for comprehensive banking solutions. NIB&T and HWGIB look forward to a successful partnership in the years to come.”

Through this relationship, international and local clients of HWGIB can apply for personal and corporate bank accounts with NIB&T to support both traditional banking services and digital asset markets. As the largest international bank in its region, Nevis International Bank & Trust is able to bridge the cutting-edge financial technology between Wall Street and the global marketplace. Moving forward, HWGIB & NIB&T are exploring the possibility of establishing a branch representation in the Federal Territory of Labuan, making Malaysia the center of customer service for Nevis International Bank & Trust in the APAC region.

Source: malaysian-business.com

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