FinanceMalta, the Maltese promotional agency for financial services, is rendering efforts to harness the resources of the industry and government to ensure Malta maintains a modern and efficient legal, regulatory and fiscal framework in which the FinTech sector can continue to thrive.
FinanceMalta avails itself of the expertise of its over 200 member firms and has been instrumental in the development of FinTech companies in Malta, a case in point being Moneybase, which joined FinanceMalta earlier this year.
Offering attractive incentives, a supportive ecosystem, and a highly skilled workforce, Malta is emerging as a hub for FinTech in recent years, with many companies active in the payments, compliance, and biometrics spaces. Moneybase has actively contributed to the success of Malta’s FinTech industry and has made a name for itself as a leading provider of innovative financial solutions.
“When it comes to FinTech in Malta, Moneybase is testimony that Malta is able to provide the ecosystem required to build high-quality products that can scale. The Moneybase team built a proprietary state-of-the-art core banking system that incorporates a complete wealth management system”
Alan Cuschieri, CEO and founder of Moneybase
Available on iOS, Android, and the web, Moneybase offers a variety of features to meet all your financial needs. “Moneybase was specifically designed from the ground up to be easy to use; it allows customers to open an account in minutes, get their own IBAN and send and receive SEPA payments, and make instant person-to-person payments between Moneybase users. Customers can also get a virtual or physical Mastercard which can be fully controlled in-app with functions such as view pin, freeze/unfreeze, and several other security settings such as switching on or off various transaction types,” states Alan Cuschieri, CEO and founder of Moneybase.
Offering Multicurrency Solutions
Moneybase offers customers the opportunity to transact in multiple currencies.
“It provides savings to customers when travelling thanks to its competitive currency rates and also its multicurrency solution, which allows customers to pay directly in a range of currencies without the need for conversions,” says Cuschieri.
Accessible ISO-Certified Customer Support
Customer support is more than just responding to and solving issues. It’s an opportunity to show your customers that you deeply care about them and are available for them every step of their banking journey. Moneybase exclusively offers ISO-certified customer support.
“We are reachable on phone, via live chat, and by email seven days a week. It is the combination of high quality, easily approachable, and friendly customer service with a high-tech application that provides our customers with a complete payments and investments solution which makes us unique in the industry,” remarks Cuschieri.
Providing Viable Investment Opportunities
The emergence of FinTech provides customers greater empowerment in the kinds of products they want to invest in. By leveraging innovative technological solutions, FinTechs also enable consumers access to lower-cost financial services.
“Moneybase also offers a wide variety of investment opportunities in over 20,000 assets over 40 exchanges, including bonds, mutual funds, and ETFs, making it a true one-stop shop for managing finances. Customers can also choose between a simple and advanced mode where they can purchase fractional shares in the simple mode and also gain access to extended trading hours using pre-/post-market functionality in an advanced mode, which essentially provides customers with an additional 9.5 hours of access to US markets,” Cuschieri adds.
The End Goal
“When it comes to FinTech in Malta, Moneybase is testimony that Malta is able to provide the ecosystem required to build high-quality products that can scale. The Moneybase team built a proprietary state-of-the-art core banking system that incorporates a complete wealth management system,” Cuschieri explains. Financial processes can be complicated, which is why Moneybase processes have been designed to be customer-oriented and simple.
“Our priority is that of developing innovative tools that improve people’s financial lives and which make it easy for both individuals and also businesses to manage and grow their wealth. We are working closely with our community in this respect and we have many exciting projects in the pipeline for the years ahead. Though our origins are local, our vision is pan-European, and we plan to launch products that extend our offering into various areas, including credit, business accounts, and open banking, amongst others,” Cuschieri concludes.
