Ikyc International Banking Solutions
At ikyc, we specialise in providing comprehensive international corporate banking solutions for trustees, corporates, and family offices globally. We understand the difficulties that professional advisors, such as lawyers and local trust entities, can face when it comes to opening bank accounts for their clients.
This can be particularly challenging when establishing international corporate and private structures. A few examples:
- The time to open a bank account.
- Gaining the necessary approvals from the bank's new business committee.
- Source of wealth documentation.
- Navigating the complexities of local regulations.
We have built strong relationships with over 30 banks, as well as asset managers and custodians, to provide banking solutions for SPVs, corporates, trusts, family offices, and fund vehicles in a variety of jurisdictions, including Jersey, Guernsey, Isle of Man, London, Singapore, BVI, Cayman, Monaco, and Switzerland.
Our international banking solutions include:
Banking services for trustees, corporates, SPVs and family offices
Treasury risk management
Designated banking and cash management
Multi-currency offshore and onshore bank accounts
Expert Banking Trustees, Corporates, and Family Offices
Our team assists regulated trustees and corporate service providers (CSPs) with their banking needs by helping them open new local bank accounts through our network of international and offshore banks.
Whether you’re a trust company or a CSP looking to open an offshore bank account, or a law firm advising international ultra-high net worth clients and corporate clients, we are the ideal partner to assist. We also work with accountants and tax advisors as well as single family offices in the Middle East, Asia, and Europe.
In addition to streamlining the account opening process, we help advisors save time and minimise non-chargeable hours spent on establishing new bank accounts.
International Banking for SPVs, Gaming & Trading companies
Directors of international trading companies often need assistance finding current account providers that can support their cross-border payment needs. We can recommend banks that are best suited to meet these requirements, taking the stress out of this essential step in their operations.
Whether you are a corporate looking to open a bank account to facilitate international trade or a gaming company seeking a financial institution that can support your specific needs, we have the expertise and connections with a wide range of banks to help you and your business succeed.
Strengthening Treasury Risk Management Framework
Financial sector turmoil can have a major impact on both investments and operations. We help our clients manage counterparty credit risk by strengthening their treasury risk management framework and maintaining an approved panel of international banks based on preferred credit ratings. This includes ongoing assessments of credit risk, liquidity ratios, and credit default swaps.
By partnering with us, you can have peace of mind knowing that we aim to minimise your risk and protect your assets. Our team has a thorough understanding of the latest regulations and trends in the financial industry, and we’re committed to helping you navigate the complex world of international banking and finance.
Specialists in Designated Banking and Cash Management
We believe in the benefits of designated banking, particularly for trustees and CSPs where it is important to strictly segregate client assets and differentiate between capital and income. We also consider international banking regulations related to the amount of capital that banks must set aside.
Designated banking can help ensure that your clients’ assets are properly managed and accounted for, and it can provide additional peace of mind for those who are concerned about the security of their financial assets. We are the experts when it comes to helping trust companies, family offices, or corporate entities find the right designated banking solution.
Multi-Currency Offshore Bank Accounts and Currency Hedging
We offer a range of foreign exchange and payment solutions through regulated providers, allowing regulated trustees and their international corporate clients to operate on competitive terms with a clear view of market fluctuations and bank margins. We can advise on the best offshore bank account interest rates, the best offshore bank accounts to consider (as well as onshore options) for your business.
We do not engage in foreign exchange, money market instruments, futures, options, or any securities trading for our own account or the account of third parties.
Key Benefits of Our International Banking Services
Assist with opening new bank accounts for international corporate and private structures in under 4 weeks (standard risk classification)
Work with over 30 international and offshore banks
Help save time and reduce non-chargeable hours spent on establishing new bank accounts
Recommend banks best suited to support both cross-border payment & asset management needs
Strengthen treasury risk management framework
Provide a range of foreign exchange and payment solutions through regulated providers
Get in touch with us today to learn more about how we can support you with your international banking requirements.