iFAST Global View: New global digital banking & wealth management capabilities

HONG KONG & LONDON (3 May 2024) — iFAST Hong Kong and UK-based iFAST Global Bank (“iGB”), the Hong Kong wealth management platform and digital banking division of iFAST Corporation Ltd. respectively (“iFAST Corp” or together with its subsidiaries, the “Group”), have launched iFAST Global View, a new feature that allows clients to have new global digital banking and wealth management capabilities.

With iFAST Global View, clients with an iGB account can easily link their iFAST wealth management accounts within the iFAST ecosystem. Investments and digital banking balances across borders are combined within one consolidated viewing page, empowering clients with the ability to view their wealth management and digital banking accounts. The iFAST Global View project was developed by different teams within the Group, with the key project management team based in Hong Kong.

“Our objective is to empower our clients to enjoy a truly global experience when it comes to managing their wealth. The opportunities of investing and banking seamlessly without borders have now taken on a positive step forward with the launch of iFAST Global View. iFAST clients with accounts within the iFAST ecosystem can link their different accounts, view their cash and investment assets, as we tap on our cross-border synergies within the group,” said Mr Lim Chung Chun, CEO, iFAST Corp.

The key features of iFAST Global View can be summarised as follows:

1.      Global Link: Seamlessly connect all iFAST accounts, from investments to banking.

2.      Global View: From one consolidated page, access a comprehensive overview of investment and cash assets.

3.      Global Report: Consolidated reports that provide a holistic view of global finances.

4.      Global Transfer: Cross-border transfers within the Group with no usual bank charges.

“Our clients can now enjoy a seamless experience when it comes to linking their accounts within the iFAST ecosystem. This new feature will allow our clients to have a truly global digital banking and wealth management experience, a pain point for many investors when it comes to having a consolidated global overview of their finances. We have clients with iFAST Hong Kong wealth management and iFAST Global Bank accounts wanting to link them seamlessly, while being able to have a good overview of their assets. They will now be able to do so effortlessly with the consolidated reports that can be generated within iFAST Global View,” said Ms Glory Lau, General Manager, Platform Services, iFAST Hong Kong.

The initial launch of iFAST Global View covers the websites and mobile applications of UK-based iGB and the various Hong Kong wealth management platforms (B2B, iFAST Global Markets, and B2C), and the services will be expanded gradually to include the other markets within the Group, including Singapore and Malaysia.

About iFAST Global Bank Limited

iFAST Global Bank Limited ("iGB") is a fully licenced bank in the United Kingdom, backed by iFAST Corporation Ltd., a global digital banking and wealth management platform listed on the Singapore Exchange (SGX) Mainboard. Being an integral part in the Group’s Fintech ecosystem, iGB provides a range of services including multi-currency deposits, domestic and international payment and currency exchange and remittance eservices. iGB is currently a direct member of Bank of England Faster Payments Scheme and Clearing House Automated Payment System (CHAPS) as well as being a member of SWIFT. iGB is authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and Financial Conduct Authority (FCA). iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS) where eligible deposits are protected up to £85,000 for each customer. For more information, please visit https://www.ifastgb.com/home

About iFAST Corp

iFAST Corp (stock code: AIY) is a digital banking and wealth management platform, with assets under administration (AUA) of S$21.05 billion as at 31 March 2024. Incorporated in the year 2000 in Singapore and listed on the SGX-Mainboard in December 2014, the Group is also present in Hong Kong, Malaysia, China, and UK. Through the years, the Group has built a well-established Fintech ecosystem connecting its product providers and clients. iFAST Corp holds the requisite licences in the various jurisdictions it operates in to provide a wide range of products and services. As at end March 2024, the Group offers access to over 22,500 investment products including over 13,500 funds from over 325 fund houses, over 2,200 bonds, stocks and ETFs listed on the Singapore, Hong Kong, US, Malaysia, UK, and China A stock exchanges, as well as services including wealth management solutions, banking services, research and investment seminars, Fintech solutions, pension administration, and investment administration and transaction services. The main business divisions of the Group include the Wealth Management division, the Digital Bank division, and the ePension division. Within the Wealth Management division, the Business-to-Consumer (“B2C”) platform, FSMOne.com (formerly known as Fundsupermart.com), is a multi-products transactional platform that caters to investors who prefer to do their own investments online. The Business-to-Business (“B2B”) platforms cater to the specialised needs of more than 680 financial advisory companies, financial institutions, banks and internet companies with over 12,800 wealth advisers. The iFAST Global Bank is a full licensed UK bank that aspires to provide global banking connectivity to customers, corporates and financial institutions. iFAST ePension Services division provides a wide range of pension administration services and white label solutions for pension scheme sponsors, trustees and other institutions, enabling seamless digital access as well as efficient management and processing of pension scheme transactions. The Group’s mission statement is, “To help investors around the world invest globally and profitably”. For more information, please visit www.ifastcorp.com

Contacts:

Keith Hong        

(65) 6439 3893

ir@ifastfinancial.com