Bridging you to the World: iFAST Global Bank’s Journey

2000 - Our Roots 

iFAST’s story begins in Singapore with a simple yet powerful mission: to help investors around the world invest globally and profitably.   

Its first platform, Fundsupermart.com, opened the door for investors to access wealth management products online, breaking down barriers in a space that was often complex and inaccessible. iFAST infused the market with an emphasis on financial education to make investing easier and more transparent for all. 

What started in Singapore quickly gained traction. Over the next decade, iFAST expanded into Hong Kong, Malaysia, and China, steadily building a reputation led by innovation, integrity, and trust. 

2014 - Scaling New Heights 

December 2014 marked a new milestone: iFAST Group listed on the main board of the Singapore Exchange (SGX). It was a launchpad for growth, enabling the company to expand its range of investment products and services, strengthen its regional presence and build strong partnerships with investors and financial advisory firms across Asia.  

2022 - A Bold Leap into Digital Banking 

In early 2022, iFAST set its sights on its next ambition: to enter the digital banking space. The opportunity came when iFAST made a bold, but strategic move to acquire a fully licensed UK commercial bank in March 2022.   

Why the 🇬🇧? In the UK, customers often face a frustrating dilemma: keep funds in low-interest current accounts for easy access, or lock it away in savings accounts for better returns. As a result, customers are forced to constantly shuffle money between the two accounts. 

Recognising this challenge, the rebranded iFAST Global Bank blended iFAST’s years of fintech expertise and the capabilities of a fully-licensed bank to create impactful digital banking solutions. The bank was structured into three divisions: Digital Personal Banking, Business Banking, and EzRemit – its cross-currency remittance service. 

2022 was also a year of building strong foundations. iFAST Global Bank became a direct participant in CHAPS, enabling independent support of large GBP transactions, and joined Faster Payments, allowing direct management of transactions without reliance on correspondent banking.

2023 – Launched New Digital Personal Banking Division 

In April 2023, iFAST Global Bank officially launched its Digital Personal Banking division, designed to connect global customers to a single Multi-Currency Current Account. This all-in-one account enables users to hold, spend, and transfer multiple currencies seamlessly, while enjoying daily interest accrual, competitive FX rates, and the convenience of integrated payment services. 

2024 – Turning the Corner 

By 4Q2024, and in less than three years since being acquired by iFAST Group, iFAST Global Bank achieved profitability for the first time. It marked a key milestone in the bank’s journey, validating its strategy to combine innovation with sustainable business practices. 

Where We Are Today 

Today, iFAST Global Bank offers its flagship Multi-Currency Current Account, Visa debit card (for UK customers only), and international payment solutions to both retail and business clients. Customers can save, spend, and send money in multiple currencies seamlessly, supported by the UK’s deposit protection scheme. Since its inception, the bank has grown its total deposits to over £700 million, a testament to strong client trust and momentum. 

Looking Ahead 

The iFAST journey has always been driven by innovation, integrity, and a focus on empowering customers. This is only the beginning, and our story is still being written. iFAST Global Bank will continue to make digital banking more accessible, efficient, and rewarding for people and businesses across the globe.