Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 29 June 2020, 18:00 HKT/SGT
Share:
    

Source: Migom Global Corp.
Migom Global Corp. Announces the Acquisition of Migom Bank

NEW YORK, June 29, 2020 - (ACN Newswire) - Migom Global Corp. (OTC: MGOM), a US publicly traded company focused on building synergistic ventures in international banking, has notified the SEC of the acquisition of Migom Bank (www.migom.com), an international full-service 'neobank' domiciled and regulated in the small Caribbean state of Commonwealth of Dominica.

"Today, businesses across multiple jurisdictions and industries have faced numerous hurdles opening and maintaining simple operating bank accounts. Arbitrarily frozen funds, suddenly blocked accounts, and other previously rare limitations have become a commonplace occurrence in daily banking for many regular businesses. This type of practice is often disguised as "de-risking" in the name of compliance, which in itself has morphed from the necessary but secondary function into a universal shroud weaponized by some of the mainstream banks in their purge of unwanted business," stated Thomas Schaetti, the President of Migom Global Corp.

He continued: "In reality, those large international banks seem to be simply discriminating small and medium-sized, transaction-heavy businesses, which they don't see as a profitable market. As the result, millions of unbanked or under-banked entrepreneurs have a hard time growing their companies and contributing to the economic development of their industries and regions. We identify ourselves with these companies and are making our best effort to position Migom Bank as the destination financial institution serving their needs around the world".

Migom Global Corp. aims to bridge the gaps in international banking by building a network of banks and affiliated businesses to provide seamless integration of traditional regulated banking with new-age financial services and emerging fintech solutions. Committed to solving the problem of under-banked businesses and individuals worldwide, the Company recently notified the SEC of the acquisition of 100% of the shares of Migom Bank, a full-service global bank for the digital age that is available to customers across a variety of industries and regions.

Migom Bank offers a full suite of e-banking services tailored to the needs of small businesses and entrepreneurs, including online account opening, holding and operating corporate and individual bank accounts with full online access to account management and detailed reporting, international SWIFT / SEPA transfers in multiple currencies, issuing prepaid debit cards, certificates of deposit, investment, savings accounts and other services. The regulatory information enumerating multiple services provided by the bank is published on its website.

In addition to providing traditional banking services, Migom Bank offers its account holders one of a kind crypto-to-fiat and fiat-to-crypto OTC functionality, including secure custody and instant-execution trading of crypto assets with unlimited liquidity volumes, best global spot prices and immediate availability of funds or crypto assets. Migom Bank account holders can seamlessly transfer fiat funds into crypto assets and back using their mobile app or account dashboard online.

About Migom Global Corp.
Migom Global Corp. is a US publicly traded company (OTC: MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide.

About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance, higher private banking limits and custom-tailored flexible solutions to help its versatile international clientele. For more information, please, visit http://migom.com.

Media contact:
PR Department, Migom Bank
E: [email protected]
W: https://migom.com



June 29, 2020 18:00 HKT/SGT
Topic: Press release summary
Sectors: Legal & Compliance
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Five Advisors With Focus Partner Firm Escala Partners Named to Australia's Top 100 Financial Advisers 2020 List  
July 3, 2020 11:00 HKT/SGT
NEC and JAMSTEC Develop AI-based System for Measuring Microplastics in the Ocean  
July 3, 2020 10:30 HKT/SGT
Gynesys Best Home Security Urges Businesses to Work with African-American Owned Commercial Security Firms in the Aftermath of CPI Security CEO's Remarks; Prepared to Work with Carolina Panthers, Charlotte Hornets to Replace CPI as Major Sponsor  
July 2, 2020 15:00 HKT/SGT
Singapore's Leading B2B Tech Event Stack Rescheduled to 2021  
July 2, 2020 10:52 HKT/SGT
MOG Recorded a YOY Earnings Growth for the year ended 31 March 2020 by leveraging its extensive retail network and strong brand recognition to capture new market opportunities  
July 2, 2020 08:25 HKT/SGT
Hua Medicine Announces Positive 24-Week Topline Results of Phase III Metformin Combination Trial of Dorzagliatin  
July 1, 2020 19:00 HKT/SGT
Black Wealth Matters Welcomes SEC Internal Investigation Into Racist Attack on Solomon Ali; Demands Transparency and Accountability  
July 1, 2020 15:00 HKT/SGT
Fujitsu Revamps Corporate Philosophy 'FUJITSU Way' to Achieve Our Purpose  
July 1, 2020 13:22 HKT/SGT
Remap-Cap to Partner With Eisai on Innovative Trial to Combat COVID  
July 1, 2020 13:02 HKT/SGT
Toyota Launches New Acceleration Suppression System  
July 1, 2020 12:48 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: