PANews reported on April 3 that Singapore Gulf Bank (SGB) officially launched personal banking services. The bank is supported by Bahrain's sovereign wealth fund Mumtalakat and private investment group Singapore Whampoa Group. It is also the only regulated bank in the Middle East and North Africa that provides fully remote digital account opening services for global investors, innovators and institutions.
It is understood that Singapore Gulf Bank provides a full range of payment solutions, including wire transfers, bank cards and cryptocurrency payment channels, and provides convenient channels for traditional and digital asset investments, especially unique investment opportunities in Asia and the Middle East and North Africa. This is the first time that millions of individuals around the world can open accounts remotely and use integrated traditional and digital asset banking solutions.
SGB provides comprehensive and innovative services to global digital economy participants, including remote workers, digital nomads, proprietary traders and high net worth individuals. Currently, SGB is gradually opening up registration and only accepting applications from invited users in response to the enthusiastic response from the market.
