Euro Exim Bank: Best Global Trade Services Bank 2020

Euro Exim Bank gives businesses a leg-up in the global trade game with a suite of services backed by blockchain. It was launched in 2015 and is a trusted partner of import and export businesses. Euro Exim has a Class-A international banking licence that allows it to support enterprises around the world, regardless of industry. The licence is granted by the Financial Services Regulatory Authority of St Lucia, where Euro Exim has its headquarters. The bank has a representative office in London, and plans to expand the global network with branches in Singapore, Chennai and Dubai within the next 12 months. Its service offering covers corporate bank accounts, pre-paid credit cards, letters of credit, trade credit lines, wire transfers, bank guarantees — everything needed for truly global operations. Euro Exim became the first regulated bank in the world to officially partner with Ripple, the tech company responsible for the XRP cryptocurrency, ODL (on-demand liquidity) and xCurrent solutions. Through this partnership, Euro Exim clients enjoy rapid, frictionless cross-border transactions in 80 countries, with low cost and high auditability. The bank expects peers to follow its lead in using blockchain to unburden global trade from the paper-based system and its inherent problems of bureaucracy and fraud. The CFI.co judging panel agrees on the benefits of blockchain, and presents repeat winner Euro Exim Bank with the 2020 award for Best Global Trade Services Bank.