Neobanks and the next step: iFAST Global Bank

iFAST Global Bank is a licensed UK bank designed to connect consumers, corporates, and financial institutions across borders. In this interview with Boris Plantier from Qorus, General Manager Simon Lee presents the bank’s vision of redefining everyday banking through global connectivity, making intelligent, borderless finance a reality.

Could you tell us more about the founding of iFAST Global Bank?

iFAST Global Bank was born from iFAST Corporation’s vision to make banking and investing truly borderless. Founded in Singapore in 2000, iFAST Corporation built a strong fintech presence across Asia to help investors around the world to invest globally and profitably.

In 2022, that vision expanded to the UK with the acquisition of BFC Bank Ltd, a fully licensed bank with deep roots in cross-border remittance. Renamed iFAST Global Bank, it became the group’s global gateway, combining wealth management and banking globally through innovation, technology, and connectivity.

Today, iFAST Corporation is a global digital banking and wealth management platform with S$27.20 billion in assets under administration as of 30 June 2025. From our London base, iFAST Global Bank offers a multi-currency current account that pays higher interest across GBP, USD, EUR, HKD, SGD, CNY, JPY, and CHF—all in one place. We’ve also made it possible to open a UK bank account from abroad.

At iFAST Global Bank, we stand for one idea: banking without boundaries.