The Securities and Exchange Commission (SEC) obtained on March 23th, 2022 final Judgement in a Federal Court in Boston, Massachusetts ordering Billionaire Founder and CEO of Black Banx Group Michael Gastauer to pay USD 17 million. Despite its initial claim filed in October 2018, where the SEC sought to recover USD 165 million plus fines and penalties from Gastauer, the final Judgement ordered a disgorgement of USD 11.3 million held in Wintercap SA client account by Black Banx`s Singapore branch plus USD 1.7 million interest and a civil penalty of USD 4.3 million, which is approximately one tenth of the sum originally demanded by the SEC.
WB21 Group announced the rebranding of its corporate name and logo to Black Banx. Following eighteen months of preparation, today the Group launched its new corporate image created around Black Banx across the globe. WB21 decided to rebrand its corporate image using the more expressive name "Black Banx" to better describe the business activities and the companies rebel approach in the banking industry.
Black Banx stands for liberalisation of banking, combining modern technologies such as blockchain and crypto currency with the world of traditional retail banking. Black Banx's philosophy is to offer accounts to private and business clients that would usually be turned down by traditional Banks, given they are in an industry such as crypto currency trading, that traditional Banks have "black listed".
The future of blockchain technology is a bright one, thus WB21 announced today the launch of its Cryptocurrency trading system which enables customers to enjoy seamless integration of cryptocurrency with the features of online banking. The new feature that joined WB21’s array of services is giving every customer the opportunity to buy, sell, hold and transfer Bitcoins without limitation on amounts. It further enables customers to do an instant conversion of their cryptocurrency holdings into any of the 28 fiat currencies that WB21 is offering.
Singapore, May 28, 2018: Creating a new history in the global financial sector, WB21 has acquired its 5 millionth customer. Working as a digital bank, the FinTech company which is currently evaluated at 9.8 Billion USD started its services in December 2015 and completed this milestone in less than 3 years.
WB21 offers international bank accounts to individuals and businesses in 180 countries for 28 different currencies. Fastest cross-border payments and lowest banking fees are the two unique factors that enabled the company to have the fastest momentum of growth.
Frankfurt a. M., April 22, 2018: WB21, being one of the most prominent names in the global FinTech sector was awarded the Global Banker Award 2018 in the category "Best Innovation in Retail Banking" in an event held in Frankfurt a. M., Germany. The award is given to exceptional Financial Institutions for revolutionary achievements in the industry. Witnessing the growth and innovation, this year, it was awarded to WB21.
Since its establishment, WB21 has implemented innovations in the banking sector making banking operations simple and efficient. WB21's trademarked innovations ATAP and IRTP which facilitates fastest money transfer across the globe and its proprietary real time customer identification software Global KYC, allowing the company to identify clients from 180 countries when opening their bank accounts, in less than 8 minutes, has received a tremendous welcome from the world making the FinTech company evaluated at 9.8 Billion USD.
Frankfurt, Germany - 22nd December, 2017: Global FinTech Giant WB21 celebrated its 24 months of launching the digital banking platform wb21.com. After it's consistent rapid growth, WB21 is amongst the leading financial technology companies operating on a global scale. WB21 started its operations in December 2015 and grew to more than 3 Million customers, 150 employees and 18 offices around the world. With offices spanning the globe, WB21 proves itself to be the fastest growing FinTech Unicorn in the banking industry.
Moscow, September 20th, 2017: WB21 Group announced its office opening in Moscow, a logical follow-up to the extensive international development of WB21 that have begun with office openings in Brazil and India earlier this year. The new office activities will cover Russian and CIS countries with over 400 million people. "The opening of WB21's office in Russia is yet another important step to service more clients with local staff and infrastructure. Even though we are a global digital banking institution, being close t
Singapore, September 9th, 2017: WB21 Group announced its office opening in Thiruvananthapuram, India. The Indian office marks a milestone in WB21's history, which began about one year ago to start a global rollout by setting up offices in different parts of the world. With over 1.3 billion people, India being one of the largest markets that WB21 Group has seen massive growth over the past months.
Singapore, August 1st, 2017: WB21 Group announced its office opening in Sao Paulo, Brazil, being the first in Latin America. The Brazilian office marks a milestone in WB21's history, which began about one year ago to start a global rollout by setting up offices in different parts of the world. With Latin America being one of the continents that WB21 Group has seen massive growth over the last twenty months, Brazil is an important market with over 200 million people.
Singapore, April 27th, 2016: WB21 Group announced offering its services to more than two million customers. The Group launched its digital banking platform in December 2015, and acquired more than one million active clients by September 2016. Based on its unique business model that allows Private and Business customers from 180 countries to open bank accounts in less than 8 minutes, WB21 has generated rapid growth threw out the past 15 months.
Berlin, September 30th, 2016: WB21 will relocate its European Head Office from London to Berlin. CEO and Founder of WB21, Michael Gastauer announced in today press conference that WB21 will transfer its current UK based employees to Berlin in addition to creating up to 200 positions in its Berlin office. Simultaneously WB21 will file for a banking license under German law and will invest up to €50 million.
Singapore, September 22nd, 2016: WB21 reached a record-breaking milestone in the digital banking industry. Today, the company millionth customer opened an account. After its launch in late December 2015, it took the banking platform WB21 less than ten months to achieve this major milestone. Based on its business model which allows Private and Business customers from 180 countries to open Bank accounts in real time and a global cross border payment market of US $22 Trillion, has WB21 been able to create a spectacular
June 14th, 2016 - Today, digital bank WB21 announced that it has added bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. For WB21's over 650,000 customers, this means they can send bitcoin to make real time account deposits in any of the 18 currencies that WB21 is offering. WB21's founder and CEO Michael Gastauer explained the company's reasons for adopting bitcoin payments: "A bank accepting bitcoin is quite unusual, however it makes total sense for us and provides huge
On May 21st, 2016 WB21 reached a new record in the digital banking industry, witnessing its 500 thousandth-customer setting up his accounts. Since its public launch less than five months ago, the online account opening and banking platform WB21 has experienced record breaking growth. With more than 1.2 Million checking accounts in 18 different currencies, 500,000 Private and Business customers have begun using the platform on a regular basis. In May 2016, WB21 has sent payments of more than $320M USD in total value t
London, March 17th 2016: Ten weeks after its launch, digital banking platform wb21.com has 250k new customers. On March 14, 2016 WB21 saw its 250 thousandth-customer, a 49-year-old Malaysian currency trader, setting up accounts at wb21.com. Since its public launch in late December 2015, the online account opening and banking platform WB21 has experienced a remarkable number of private and corporate account openings from customers in the European, North American and Asian regions
London, Feb. 2nd, 2016: Followed by its massive market traction, the company has now expanded, with new offices in London and Hong Kong. On February 2, 2016 WB21 set up their Hong Kong office at the Central Plaza Building, 18 Harbour Road, at one of Hong Kong's well known skyscrapers that overlooks the financial district of Wan Chai. The opening of the Hong Kong office was the obvious move due to the effect of the hyper growth driven global roll out strategy which was initiated end of 2015
Zug, Dec. 17th, 2015: WB21 could become the world's largest payment platform. Customers are knocking down doors since WB21 announced in Oct. 2015 it is going to offer account opening for private and corporate clients from 180 countries with worldwide real time payments for 1/10 of current banking fees. In less than two months, WB21 has attracted enough attention through its B2B and B2C sales channels do get more than 200,000 customers lined up for opening an account at wb21.com
Zug, Dec. 2nd 2015: WB21, the FinTech startup that redefines banking on a global scale announced today its product launch for a selected group of users from seven different countries. By end December, WB21 will open its doors to customers and commence the global roll out of its platform in six languages targeting Germany, France, Spain, UK, Portugal, Ireland and Greece....