Our Milestones

  • 2020

    APR

    Launch of BOA Pay – an advanced and secured digital payment channel

    MAR

    Completion of the upgrade of Core Banking System

    Launch of Reserve Bank of Asia Mobile Banking App

  • 2019

    APR

    Application for full banking license and securities license from Hawaii FSC

    Commencement of full operation of Reserve Bank of Asia

  • 2018

    JUL

    Opening ceremony of Reserve Bank of Asia in Hawaii

    JUN

    Commencement of beta testing for Reserve Bank of Asia

  • 2017

    SEP

    Banking license granted by Hawaii FSC

    AUG

    SWIFT membership

    MAR

    First account opening application received

  • 2016

    MAR

    Letter of approval from Hawaii FSC

  • 2015

    SEP

    Submission of banking license application to Hawaii FSC

  • 2014

    NOV

    Submission of proposal to Hawaii Financial Services Commission (“FSC”)

    SEP

    Request from Hawaii Premier Orlando Smith to assist with account opening issue

Our Business Model and Strategy

Offering an efficient and hassle-free new banking solution to our customers including companies and individuals, our business model is built on the investment and development of FinTech platforms without the legacy.

This agile and cost-effective infrastructure allows us to maximize the value for our customers and provide the best-in-class user experience.

Besides the banking services through digital channel, we are also providing unique and customized financial and lifestyle services through our extensive networks.

Our Governance

The core of our strategy is effective and smart risk management. Regulated by the Financial Services Commission of the Hawaii, we have a high standard of KYC process and robust AML compliance and internal control in accordance with regulatory requirements.

Governed by Board of Directors, the Bank also establish a Risk Committee at senior management level to ensure the business is appropriately managing the risks.