Insights

Ensuring security – digital does not mean less secure

The rise of digital banking has also brought with it the concerns about its security. The rapid evolution of the sector and the technology that powers it has allowed for fantastic advances in functionality and service – tasks that could take weeks previously can now be completed within in a few hours. But with these changes comes an understandable questioning of the security this new technology offers.

EWG is the only alternative digital banking and international payments provider that offers a specialist service to the professional corporate services and funds sectors. We have expert knowledge about what our clients need, and we understand that absolutely paramount to everything they do is security. They have to be 100% sure that any banking product they use is secure and fully compliant. We understand that many individuals and businesses will see this as something new and, therefore, they might think it is less secure. However, we can be confident that the service EWG provides is fully secure and compliant.

EWG is based in the highly reputable international finance centre of Jersey, following rigorous compliance processes and is regulated by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998. The EWG platform is authorised by the FCA under the Electronic Money Regulations 2011 and the Payment Services Regulations for issuing of electronic money and the provision of payment services.

Our tech and compliance are second to none; not only do we offer the same, if not enhanced, security to traditional banking, but we can combine it with time and cost saving efficiencies, allowing our clients to provide a secure service with extra added value.

While following robust KYC and compliance protocols, we can open an account in 24 hours, deliver cross border, bulk and dividend payments and crew payroll while also providing a sophisticated currency management solution. EWG is a full member of SWIFT, enabling clients to make quick, accurate and secure money transfers to banks across the world in any currency. EWG can also deploy unique, single multi-currency IBAN’s for each client.

The banking sector is changing, and we are at the forefront of the evolution, but new does not mean riskier or less secure. We take current security and enhance it using technology to ensure our clients receive a bespoke service which is second to none, whilst being completely safe and compliant.

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