The neobank will run on a purpose-built hybrid blockchain called Natrix, specially designed to meet all financial sector requirements including GDPR and bank secrecy regulations.
Headquartered in Vilnius, Lithuania, the neobank will offer services for both individuals and small and medium-sized enterprises (SMEs) as well as a platform on which to buy and sell gold.
BENKER says the use of blockchain technology means customers will have constant transparency, traceability and complete control over their finances, which it terms Compliant Client Autonomy.
BENKER CEO Viktor Bodnár sees the introduction of blockchain to banking as the beginning of a “New World Order”, significantly reducing customer exposure to the ups and downs of financial markets.
