Jersey based company launches new alternative digital banking platform

Jersey based FinTech business, EWG (previously eWealthGlobal) is launching a new alternative digital banking platform. 

EWG is the only specialist alternative digital banking provider to the corporate and professional services sectors, offering an innovative and cost-effective alternative to the traditional banking system. The company, celebrating its 10th anniversary this month, is also rebranding from eWealthGlobal to EWG.

The new platform puts Jersey at the forefront of banking for businesses, using cutting edge technology to provide a full alternative digital banking service including international payment solutions and currency management with a fantastic range of new benefits.

EWG founders, Warren Sanders, Leigh Martin and Alan Yates, are experts in both FinTech and the financial services industry, with specialism in the trust and fund administration sectors. The renowned positioning of Jersey as a trusted financial centre, along with the growth in FinTech across the industry, created the ideal environment for the development of this cloud-based technology. 

Warren Sanders, Director, says: "We are delighted to be launching this intuitive, digital banking platform which will supersede our previous offering. We are very proud to be at the forefront of innovative alternative digital banking in Jersey, flying the flag for Jersey’s world-class digital sector.

"It is a fantastic opportunity to transform the sector and grow opportunities in Jersey. We are providing this new offering based on our in depth understanding of what our clients need most from a trusted digital banking partner; competitive fees, fast onboarding, simple integration, personal and responsive client service and above all – security. Unlike many traditional banks, we can onboard a new client in 24 hours. The unique and intuitive EWG platform is simple to use, enables clients to manage multiple accounts using one log in, integrates into existing in-house systems and makes reporting faster, creating cost savings and time efficiencies through effective management of international payments and currency management transactions."

While the global trend towards digital banking away from traditional banks is currently growing, this new EWG platform is leading the way for Jersey in this market, offering a market leading solution for alternative, multi-currency banking solutions in the professional sector.

EWG 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.