based in Puerto Rico PV Bank released an update on digital banking services.
FV Bank is a regulated US digital bank and financial infrastructure platform headquartered in San Juan.
The company aims to combine traditional regulated banking services with modern offerings. Today, the bank said it is bringing stablecoin exchange, digital asset custody, programmable payments and cross-border banking channels to the platform.
The update includes “agency-ready” virtual cards and APIs for developers. The bank says this will help “Fintechs, businesses, marketplaces and emerging AI-based trading platforms seamlessly move funds between traditional payment rails and blockchain networks.”
Miles PaschiniModern finance suffers from fragmentation and banking services, including payments and digital assets, are developing on separate tracks, says the CEO of FV Bank. They want to include all these services in their streamlined financial offerings to provide better support to their customers.
“As demand for real-time and programmable financial infrastructure accelerates, FV Bank is uniquely positioned to provide customers with a platform that combines speed, flexibility and regulatory oversight in a single environment,” he says Nitin AgarwalFV Bank Revenue Manager.
Since FV Bank is a private bank, it does not disclose its assets or balance sheet to the public. Reportedly, the bank raised approximately $13 million in funding.
