Comments on: US Banking For Licensed FinTech Companies

By: Joe Bloggs

Joe Bloggs — Sat, 02 Mar 2019 14:23:18 +0000

I am now getting concerned that our Government thinks it should be promoting banks and banking business. This does not appear to be a case of a foreign bank seeking to do business with Bermuda companies (I would have not issue with that), this appears to be a case of the Bermuda Government going out and enticing a foreign bank to do business with Bermuda companies. I do not see the Bermuda Government going out and getting a foreign bank to do business with my employer or for me, so I wouldn’t have to pay a compliance fee as well as maintenance fees to my Bermuda bank every month.

That position coupled with the Governments stated intention to set up a mortgage business to give mortgages to civil servants at discount rates smacks of Government getting into the banking business.

By: Onion

Onion — Fri, 01 Mar 2019 15:35:59 +0000

So it’s “signet” blockchain platform is no better than Butterfield’s online banking platform.

By: trump supporter

trump supporter — Fri, 01 Mar 2019 14:07:30 +0000

I guess this is where the gold is.
But be careful the Premier might attack the media if this deal falls through.

By: Rocky5

Rocky5 — Fri, 01 Mar 2019 12:56:16 +0000

So BMA has issued Signature Bank with banking licence?

By: Stephen Thomson

Stephen Thomson — Fri, 01 Mar 2019 12:42:18 +0000

Great news for Bermuda.
We need to be Bold and embrace change.
Not everything will be immediately successful, but we need to try.
Well done BDA Government and well done Signature Bank.
Let’s make this work.

By: rodney smith

rodney smith — Fri, 01 Mar 2019 11:54:49 +0000

This is good news for Bermuda .Now we need new banks to offer retail services to locals . This could be seen in the form of new mortgage and loan ,along with lower interest rates . After 10 years of 0% on savings ,all the while with fees being increased , It About Time For The Little Man To Get Something Back .

By: TJ

TJ — Fri, 01 Mar 2019 11:01:51 +0000

Wikipedia isn’t a viable source. Please use other business publications to do your research on this bank.

By: legalgal

legalgal — Fri, 01 Mar 2019 10:14:14 +0000

Signature Who/What? If a reputable bank such as JP Morgan’s services were available that may be worthy of consideration.

By: Retro

Retro — Fri, 01 Mar 2019 04:58:28 +0000

Not so sure about that but it’s definitely a topical bank .

By: LaV

LaV — Fri, 01 Mar 2019 04:13:37 +0000

” It is a highly rated bank.”

It’s the bank of choice for republicans and plp drones…:)

By: Correct

Correct — Fri, 01 Mar 2019 03:22:32 +0000

Don’t worry the OBA trolls and Dunkley will try to crucify them in certain media! Anything to derail Bermuda!

By: What??

What?? — Fri, 01 Mar 2019 02:32:32 +0000

I would highly recommend looking it up in Forbes, The Wall Street Journal or any other financial publication. It is a highly rated bank.

By: Retro

Retro — Fri, 01 Mar 2019 00:33:18 +0000

If you feel hopeful about this I wouldn’t recommend looking up the bank on Wikipedia.