News

BENKER launches as blockchain neobank in Europe

Thursday 20 January 2022 11:08 CET | News

BENKER has become an officially licensed blockchain neobank in Europe following approval by the Bank of Lithuania under the Electronic Money Institution (EMI) category.

Now open for pre-registration, it is the first financial services provider in the European Union to operate entirely on blockchain. The neobank will run on Natrix, a purpose-built hybrid blockchain created for the financial sector to meet all GDPR, bank secrecy, and regulatory requirements. 

Users should have complete control, autonomy, and freedom, with the banking wanting to assure sustainability of the market where users and financial market participants are on the same level.

Following a two-year planning, development, and application phase, and now with its EMI licences receiving full approval, the neobank will offer services for both individuals and SMEs, and a platform on which to buy and sell gold.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: blockchain, neobanks, digital banking, online banking
Categories: Banking & Fintech
Companies: Bank of Lithuania, BENKER
Countries: Europe
This article is part of category

Banking & Fintech

Bank of Lithuania

|

BENKER

|
Discover all the Company news on Bank of Lithuania and other articles related to Bank of Lithuania in The Paypers News, Reports, and insights on the payments and fintech industry: