Stockholm (pta018/01.10.2019/11:00) - STOCKHOLM, SWEDEN (1st October 2019) - StrateVic Finance Group AB (ISIN SE 0006027546 - Frankfurt Stock Exchange: SVAB) announces starting business with their first clients for BankT as a white-label product.
Following the implementation of the company's cross-asset banking strategy, StrateVic Finance Group AB is pleased to announce that it starts to partner with Valens Bank and Wealth Groupe for their latest cross-asset E-Wallet client which is supported by the Company's E-Money and crypto licences.
The exciting execution of the Company's Strategy for "BANKT" ( www.bankt.co) provides a fully banded crypto asset management. Valens Bank and Wealth Groupe will now offer their clients a fully managed crypto asset management service branded as their own product and run by StrateVic's BankT and BTT subsidiaries as a white-label service.
Supporting the asset management, StrateVic Finance Group AB offers for this scalable white label solution the service for providing full compliance, international KYC (know your client) and other regulatory requirements leaving the partner free to focus on the marketing of their new product.
The condition of StrateVic Finance Group AB for each white label partner is to place a minimum of 1,000 Bitcoins into the asset management portfolio within a period of 3 months.
StrateVic Finance Group AB, through its subsidiaries BankT and BTT, has a scale of charges but the average charge is 5% of the profits generated by the client.
Turnover at this time through white labelling with BankT and BTT is around Euros 8 million.
"This is what we have been working towards for the past 12 months and to see our white labelling getting started with our first major clients successfully is a boost for everyone in the Company as well as for our shareholders" says Bert Scheen, Chairman StrateVic Finance Group AB.
StrateVic Finance Group AB (formerly: Stockholm IT Ventures AB) is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company specialises in FinTech such as banking and trading in virtual and physical currencies. For more information visit: www.stratevic.com. You can also find the Company on Facebook, Twitter and LinkedIn.
StrateVic Finance Group AB, Bert Scheen, Chairman, email@example.com
|emitter:||Stratevic Finance Group AB|
111 48 Stockholm
|contact person:||Bert Scheen|
|phone:||+46 10 138 8644|
|stock exchanges:||regulated market in Frankfurt; free market in Dusseldorf, free market in Munich, free market in Stuttgart; open market in Berlin|