We have a diverse client base from across the fund industry ecosystem, attracted by our focused approach of offering speedy access to fully compliant bank accounts.
What aspects of your services have clients appreciated most?
Our clients span the full fund industry ecosystem and consistently value our focused delivery: fast, compliant access to bank accounts tailored for the asset management industry. We work directly with managers and through wholesale channels, offering a streamlined experience that meets today’s operational realities.While we anticipated strong demand, the response has exceeded expectations. Clients appreciate our ability to combine regulatory rigour with speed, and our commitment to simplifying banking for asset managers.
Is your main focus still the private assets space?
Private assets remain a key driver of demand, but our scope is broader. FundBank serves the full asset management ecosystem—from general partners and AIFMs to service providers and legal professionals. Many current engagements have a private assets lens, yet we also support regulated funds, SPVs, securitisation vehicles, escrow arrangements, etc. Interest from digital asset managers seeking MiCA-compliant banking is growing. Our flexible, regulated platform is built to meet the diverse needs of this evolving market.
What added value services do you offer?
Our strength lies in focus. FundBank delivers banking, treasury, and custody services for financial instruments—without competing in depositary, fund administration, or corporate services.We operate an open architecture model that enables collaboration. Non-bank depositaries and fund administrators often need a regulated banking partner, and we are well-positioned to fill that role. By staying true to our core, we create space for partnerships and deliver value across the ecosystem.
How does your technology enable this open architecture?
Our choice of the Temenos platform reflects our commitment to openness and interoperability. It allows seamless data sharing with clients and partners in formats that suit their systems.Given the diversity of IT setups across the fund industry, our SaaS model ensures flexibility and easy integration. This enables FundBank to embed its services into broader operational frameworks with minimal friction, supporting collaboration rather than competition.
How are you working with clients on KYC challenges?
We simplify KYC through technology and collaboration. Our systems streamline onboarding while maintaining full compliance. Through joint AML frameworks with administrators and partners, we conduct independent KYC reviews using shared documentation via a single interface—eliminating duplication and speeding up setup. Our Luxembourg-based New Business Acceptance Committee meets multiple times weekly, enabling fast, informed decisions. The team’s deep local and global expertise ensures we stay responsive to client needs.
How do you see business developing?
Our growth will continue to be driven by speed, compliance, and collaboration. We are expanding conversations with managers, AIFMs, administrators, and depositaries to meet their evolving needs.Clients increasingly seek cost efficiency and seamless data exchange. Our KYC approach exemplifies how we reduce friction and add value. With new onboarding requests arriving weekly, we’re confident demand for fast, regulated banking tailored to the fund industry will keep accelerating.
Three pillars of FundBank’s approach
Fast opening
FundBank enables fast opening of traditional bank accounts—something which has slowed in recent years. Services include FX, payments, cash management, custody, brokerage, trade execution, escrow, and solutions for paying agents and the broader fund ecosystem.
Full regulatory compliance
FundBank accounts come with real IBANs, offering a highly regulated offering with no virtual IBANs. These are fully compliant accounts with institutional-grade custody and EU passporting and transparent pricing.
Onboarding in ten days
FundBank commits to onboarding within 10 business days. Decisions are made by a Luxembourg-based team—no outsourcing. We focus solely on banking and custody, complementing fund administrators and depositaries without competing.