There may be a few digital banks around but our competitive edge lies in the cutting-edge technology we adopt and utilise without the legacy issues faced by most traditional banks. We are also the first cross-border offshore bank which accepts clients from multi-jurisdictions as long our licensing, onboarding and KYC requirements are met.
The problem for offshore companies in opening bank accounts is well known to those in the industry. The issue is not that offshore companies are illegitimate or otherwise problematic, most of them are not and by having a robust KYC/AML process we ensure that we only serve legitimate customers. Given their usual use as holding vehicles, offshore companies simply do not have enough transactions to make them of business value to traditional banks particularly given how high compliance costs are today, therefore this is where Bank of Asia steps in.
The Bank implements central access privileges to prevent accidental data corruption, improper manipulation and outright fraud. To protect transactions, the Bank utilises secured data transmission, enables real-time fraud alerts, monitors information use, and provides for secure transaction record storage.
Furthermore, the Bank adopts a two-factor authentication system which strengthens cyber-security by requiring a combination of two different types of authentication to log into your account. This would be information you already know (e.g. your user ID and password) and a one-time password sent via SMS. We have within our team cyber security specialists and external resources to ensure that we have the best use of cutting edge cyber-security technology.
You can reach us by phone, email or write to us. Please refer to Contact Us for our details.
24-hour contact centre:
BVI: +1 284 394 2408
Manila: +63 2 6612888
BVI Office Mainline: +1 284 394 2400 (Monday to Friday 08:00 to 17:00 BVI time zone, English hotline)
3/F, Commerce House
Wickhams Cay 1,
Road Town, Tortola,
British Virgin Islands VG1110