Breaking News
Isle Of Man’s First Digital Bank Secures First Full Alternative Banking Regime Licence
Following receipt of a provisional banking licence in 2019, Capital International Bank (or the “Bank”) has received the full Class 1(2) banking licence under the Alternative Banking Regime (ABR) from the Isle of Man’s Financial Services Authority, which means it can now take on new clients. This is the Island’s first digital bank with a modern and easy to use interface, drawing on the latest technology and cyber security.
The Bank, part of the Capital International Group, which is an Isle of Man headquartered business, will cater to the needs of corporates, professional services, fiduciaries, and the eCommerce and eGaming sectors. It has plans to extend its services to qualifying High Net Worth individuals in the first half of 2022.
It has a quick pre-application process, whereby clients will know within just 200 seconds whether they are eligible for the service or not. Further to this, the onboarding process is 100% digital, and it is a zero-paper bank which means all signatures and documentation are electronically submitted.
To date, it is the only applicant that has been successful in obtaining a Class 1(2) banking licence under ABR, which was introduced in 2016 to widen the scope for new banking opportunities on the Island, bringing benefits to sectors that require banking facilities.
Capital International Group CEO Greg Ellison said: “Following continued engagement with the regulators and support from the Isle of Man Department for Enterprise, we are excited to bring a new digital corporate bank to market that is built around our specific clients’ needs.
“We are focused on professional services firms, eCommerce and family offices in the Isle of Man and internationally and are drawing on the latest technology for our client experience and product offering.
“Looking ahead, as international financial centres like the Isle of Man become even more relevant in corporate finance post-Brexit, the Bank offers a compelling option to international firms looking to do business in the UK and vice versa by acting as a facilitator. Therefore, we are confident and optimistic about the future.”
Laurence Skelly MHK, Minister for the Isle of Man Government’s Department for Enterprise, said: “Capital International Bank is an excellent example of a business which has truly embraced all the benefits of the ABR.
“Both Finance Isle of Man and Digital Isle of Man, Executive Agencies within the Department, are excited about the ABR licence for the Island’s first digital bank. It highlights the innovation and strength of our financial services and digital sectors, which despite global uncertainty have continued to thrive and contribute to the Island’s economy”.
People In This Post
Companies In This Post
- Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market Read more
- RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry Read more
- Travel Providers to Accept UnionPay Cards for Both Direct e-Commerce Bookings and Indirect Sales via Amadeus Travel Platform Read more
- Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences Read more
- BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity Read more
Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
Travel Providers to Accept UnionPay Cards for Both Direct e-Commerce Bookings and Indirect Sales via Amadeus Travel Platform
According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences
Creditinfo, a global service provider for credit information and risk management solutions, has announced the rollout of its identity, know your customer (KYC) and fraud and ID solution in Uganda. The move supports organisations in the country as they work to strengthen financial crime prevention at a time of rapid digital growth and evolving fraud risk.
BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity
Government officials, regulators, law enforcement authorities and financial services professionals gathered at the BVI International Arbitration Centre on 5 March for the BVI Financial Services Conference 2026, an event examining the evolving global landscape of financial crime and the responsibilities of international financial centres in safeguarding the integrity of the global financial system.
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.
Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
Travel Providers to Accept UnionPay Cards for Both Direct e-Commerce Bookings and Indirect Sales via Amadeus Travel Platform
According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences
Creditinfo, a global service provider for credit information and risk management solutions, has announced the rollout of its identity, know your customer (KYC) and fraud and ID solution in Uganda. The move supports organisations in the country as they work to strengthen financial crime prevention at a time of rapid digital growth and evolving fraud risk.
BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity
Government officials, regulators, law enforcement authorities and financial services professionals gathered at the BVI International Arbitration Centre on 5 March for the BVI Financial Services Conference 2026, an event examining the evolving global landscape of financial crime and the responsibilities of international financial centres in safeguarding the integrity of the global financial system.
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.