deVere moves further into banking with e-money app
The independent financial advisory group said the move follows the launch of its own private bank.
The independent financial advisory group said the move follows the launch of its own private bank.
Independent financial advisor deVere Group, which has launched its own private bank and received an investment banking licence in the past two months, has now secured an electronic money (e-money) banking licence and launched deVere Vault, a global e-money app.
The group’s founder and chief executive officer (CEO), Nigel Green said: “Initially, deVere Vault will provide global services in electronic money and a single card, multi-currency service. Focusing on those with an international lifestyle, we will also ensure that the best currency exchange ratios are given.
“You will be able to open a deVere Vault account in around five minutes, withdraw money from any cash machine worldwide, get real-time notifications with all your transactions, spend money on the card wherever Mastercard is accepted, and send and receive money in most major currencies instantly with other deVere Vault account holders.” Green added that the new service had been driven by demand from internationally-mobile individuals, globally-focused firms and expats. “They want to access, manage and use their money instantly and seamlessly wherever they are in the world.”