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Ep559: Does an account with an internationally licensed bank make sense for you or your business?
Published 3 years, 1 month ago
Description
Mushegh Tovmasyan, Chairman & Founder, Zenus Bank
Zenus Bank is claiming a mission to democratise finance by offering people in developing nations a secure alternative to holding funds in local currencies. Unlike the vast majority of banks in the international banking system, Zenus is a full reserve bank, meaning deposits are retained and not loaned out. So, what is the significance of an international banking licence and how does the bank operate? Robin Amlôt of IBS Intelligence speaks to Mushegh Tovmasyan, Chairman and Founder of Zenus Bank.