Offshore Banking - Key Trends for 2020
Despite the outbreak of the COVID-19 pandemic in 2020, the banking & financial sector continues to navigate the changes, improve their strategies, and provide dedicated services. This is especially true for offshore banking institutions that have been proven effective in serving clients with prompt and reliable services.
Following are the key trends of offshore banking in 2020 that are expected to continue in the coming years:
1. Asset Protection Gets More Emphasis in Recent Times.
Amid economic slowdown across the world, it is not surprising that asset protection will gain more emphasis. In this scenario, people need to secure their assets intelligently in financial solutions that ensure reduced risks and better returns.
Securing your wealth with an offshore banking institution, based in a country that is coping with the pandemic well, can help achieve improved financial security. Reputable institutions like SUISSE BANK are strategically located in a jurisdiction that has a relatively stable political and economic environment, ideal for securing your assets reliably and discretely.
2. Increased Investments in Digital Assets
Cryptocurrency trading is gaining remarkable popularity nowadays, and the trend is expected to grow in the coming years despite the effects of COVID-19. As such, many offshore banks today offer lucrative opportunities to trade in popular digital assets like Bitcoin, Ethereum, Altcoin, etc. SUISSE BANK allows offshore clients to buy, sell, withdraw, deposit, and convert a wide range of cryptocurrencies into fiat money through their all-in-one wallet.
They provide complete control and easy accessibility to their crypto trading account, security from unauthorised access, and funds backup. They also provide crypto to fiat liquidation in less than 30 minutes. The wealth accumulated through crypto liquidation can be internally transferred to your debit card or digital account.
3. Broad Investment Portfolio
Another popular offshore banking trend is the opportunity to diversify your assets without having to invest in a risky venture. Reputable offshore banks provide a broad investment portfolio that allows you to invest your money securely, mitigate risks, and gain higher returns. Your investment portfolio can be as broad and diversified as to include real estate, debentures, assets, equity, and more.
4. Improved Protection of Client Data
Safeguarding valuable client data has always been the top priority for offshore banks. However, it holds more significance in today’s uncertain times. As online banking transactions have become more prevalent during the COVID-19 pandemic, there arises a risk of hacking and other malicious activities.
Offshore banking institutions like SUISSE BANK are aware of the fast-growing cyber threats today and are constantly refining their strategies to offer improved security for the client’s critical data.
5. Increased Demand for Comprehensive Banking Solutions
Coronavirus, worldwide lockdowns, and work-from-home options have significantly affected people’s mobility. Today, they demand all-in-one banking solutions that ensure more flexibility and convenience. Good offshore banking institutions like SUISSE BANK offer an all-in-one wallet that provides digital KYC onboarding in just 30 minutes, an IBAN multi-currency account with a top-notch bank in London, multi-currency e-wallet, high transaction/deposit limit, third-party payments, and much more.
The current offshore banking trends indicate a better range of choices, seamless access to personalised services and more security. Make sure you choose the banking partner carefully.