Draft:IFAST Global Bank
Submission declined on 7 June 2026 by Stuartyeates (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Comment: Possible undisclosed COI. Too many press releases (laundered or not). Stuartyeates (talk) 09:19, 7 June 2026 (UTC)
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view.See our advice if the article is about you and read our scam warning in case someone asks for money to edit this article. (May 2026) |
Company type | Public |
|---|---|
| Industry | Banking, wealth management, finance |
| Founded | 2022 |
| Headquarters | , |
| Parent | iFAST Corporation |
| Website | ifastgb.com |
iFAST Global Bank (also known as iFAST GB or iGB) is a British digital bank headquartered in London, England, and a subsidiary of Singapore-listed iFAST Corporation. The bank was established following iFAST Corporation's acquisition of BFC Bank in 2022 and was subsequently rebranded as iFAST Global Bank.[1][2]
The bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.[3]
History
iFAST Global Bank traces its origins to the acquisition of BFC Bank by Singapore-listed iFAST Corporation in 2022. Prior to entering banking, iFAST Corporation operated as a financial technology and wealth management company, having been founded in Singapore in 2000 by Lim Chung Chun and Moh Hon Meng. The company launched the Fundsupermart investment platform and was listed on the Singapore Exchange in 2014.[4]
In 2020, iFAST Corporation led a consortium that applied for a digital wholesale banking licence in Singapore under the Monetary Authority of Singapore's digital banking framework.[5]
Acquisition of BFC Bank
In January 2022, iFAST Corporation acquired an 85% stake in BFC Bank, a United Kingdom-based bank specialising in foreign exchange and remittance services, for approximately £40 million.[6][7]
The acquisition formed part of iFAST Corporation's strategy to expand from wealth management into banking services and develop a global financial services platform.[8]
Following the acquisition, BFC Bank was renamed iFAST Global Bank in April 2022.[9]
Launch of digital personal banking
In April 2023, iFAST Global Bank launched its digital personal banking platform in the United Kingdom.[10][11]
The platform offered multi-currency banking services and was made available to customers both within and outside the United Kingdom.[12]
The launch was also covered by industry publication Payment Expert, which reported on the bank's introduction of digital personal banking services in the United Kingdom.[13]
Profitability
In 2025, iFAST Global Bank achieved its first full year of profitability following its acquisition and rebranding from BFC Bank.[14]
Services
iFAST Global Bank provides personal and business banking services, including multi-currency accounts, international payment services and fixed-term deposit products.[15][16]
Category:Banks of the United Kingdom Category:Mobile payments Category:Online banks Category:British companies established in 2022 Category:Financial services companies based in London Category:Banks established in 2022 Category:Online payments Category:Payment systems Category:Payment service providers Category:Banks based in the City of London
See also
References
- ^ Tan, Nai Lun (7 January 2022). "iFast to acquire 85% stake in UK digital bank for $74 million". The Straits Times.
- ^ Angeloni, Cristian (10 January 2022). "Singapore wealth platform buys UK digital bank for £25m". International Adviser.
- ^ "Financial Services Register – iFAST Global Bank Limited". Financial Conduct Authority. Retrieved 8 June 2026.
- ^ "SGX welcomes iFAST Corp to Mainboard" (PDF). Singapore Exchange.
- ^ Williams, Ann. "iFast leads Chinese partners with bid for Singapore digital wholesale bank licence". The Straits Times.
- ^ Ho, Jovi (7 January 2022). "iFast signs agreement to acquire 85% of UK digital bank for $45.9 mil". The Edge Singapore.
- ^ Tan, Nai Lun (7 January 2022). "iFast to acquire 85% stake in UK digital bank for $74 million". The Straits Times.
- ^ Lun, Tan Nai. "What is BFC Bank and why is iFast buying it?". The Business Times.
- ^ Wong, Pei Ting (1 April 2022). "iFast renames BFC Bank as iFast Global Bank post-acquisition". The Business Times.
- ^ Cher, Benjamin (24 April 2023). "iFast Global Bank launches personal banking platform in UK". The Business Times.
- ^ Blakey, Douglas (25 April 2023). "iFAST launches new digital banking platform". Retail Banker International.
- ^ "iFast's UK bank launches digital personal banking, open to users worldwide". The Edge Singapore. 24 April 2023.
- ^ "iGB adds digital banking to UK offer". Payment Expert. 24 April 2023. Retrieved 8 June 2026.
- ^ Tan, Nai Lun (21 February 2026). "iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable". The Business Times.
- ^ Cher, Benjamin (24 April 2023). "iFast Global Bank launches personal banking platform in UK". The Business Times.
- ^ Blakey, Douglas (25 April 2023). "iFAST launches new digital banking platform". Retail Banker International.
Content Disclaimer
Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.
- The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
- There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
- It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
- Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
- Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.
- provide significant coverage: discuss the subject in detail, not just brief mentions or routine announcements;
- are reliable: from reputable outlets with editorial oversight;
- are independent: not connected to the subject, such as interviews, press releases, the subject's own website, or sponsored content.
Please add references that meet all three of these criteria. If none exist, the subject is not yet suitable for Wikipedia.