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.

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This can be particularly challenging when establishing international corporate and private structures.  A few examples: 

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- 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.

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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:

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• Banking & custody services for trustees, corporates, SPVs and family offices

• Designated banking and cash management

• Multi-currency offshore and onshore bank accounts

• Currency hedging

• Banking foreign cheques

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Expert Banking for Trustees, SPVs, and Family Offices​

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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. 

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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.

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In addition to streamlining the account opening process, we help advisors save time and minimise non-chargeable hours spent on establishing new bank accounts. 

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Simplifying Account Opening: The 5-Step Solution

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Regulated Trustees and Corporate Service Providers (CSPs) frequently struggle with the excessive time, documentation requests, and complex processes required to open new bank accounts for international structures.

 

We condense the common challenges faced by trustees into five key areas and deliver a streamlined solution for all of them.

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1. Preparation is Key: Avoid delays by ensuring all ultimate beneficial owner (UBO) and source of wealth documentation is organized, clear, and ready before bank engagement.

2. Know Your Banker's Appetite: Understand which banks are currently accepting specific international structures (e.g., SPVs, high-risk jurisdictions).

3. Streamline the Narrative: Present a concise, compelling case to the bank's New Business Committee, clearly articulating the structure's legitimate purpose.

4. Embrace Technology: Utilize digital submission platforms and remote onboarding capabilities to bypass paper-based delays.

5. Manage Expectations: Have a realistic timeline for approval, understanding that enhanced due diligence requires time.

 

Our Value: By partnering with iKyc, you effectively outsource all five complexities. We use our deep banking network and experience to address these points upfront, managing the entire submission process on your behalf. This dramatically reduces the burden on your team, minimizes non-chargeable time, and delivers a successful account opening result often under 4 weeks (for standard risk classification).

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Client Success Spotlight: Crisis Aversion

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​The Challenge: A regulated Trustee received notice that their existing Tier 1 bank was exiting the relationship due to new internal size constraints. The funds were substantial, creating an immediate and critical need to find a new, suitable, and stable banking relationship quickly to ensure client continuity.

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Our Solution: Leveraging our established network and deep understanding of bank risk appetite, ikyc was able to identify, pitch, and secure a new banking relationship. This included designated accounts and continuity of service with a global institution that understood the complexity of the trust structure.

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The Result: Account Opening Completed in 19 Days.

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We averted a major operational crisis for the Trustee and protected the client's assets by ensuring a seamless, rapid transition, allowing the Trustee to focus on their core fiduciary duties, not on banking logistics.

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Custody Solutions

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​​​​​​We focus on Tier 1 Custodians. These solutions are designed to provide robust, secure, and regulated protection for client assets - whether cash, securities, or alternative investments. We work with a trusted network of asset managers and leading custodians in key global jurisdictions, ensuring that assets are held separately and in accordance with best-practice international standards.

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• Assets are safeguarded through clearly defined legal structures and held in segregated accounts, offering enhanced security and transparency.

• Our custody services include full settlement support, income collection, administration of corporate actions, and ongoing reporting, delivered through a single point of contact.

• Clients benefit from regular, detailed statements and real-time access to their portfolio information, helping them maintain oversight and confidence in asset safety.

• Custody can be seamlessly integrated with broader banking, fiduciary, and corporate solutions, supporting complex international needs and efficient overall wealth management.

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This approach ensures clients’ holdings are protected by strong regulatory regimes and industry-leading standards, offering peace of mind, operational efficiency, and clear visibility over all assets in custody.

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International Banking for SPVs & Trading companies

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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.

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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.

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