STRATEVIC FINANCE GROUP AB UPDATES ON THE LAUNCH OF REMITTANCE SERVICES WITHIN BANKT FOR THE FIRST CLIENTS

STOCKHOLM, SWEDEN (8th October 2019) – StrateVic Finance Group AB (ISIN SE 0006027546 – Frankfurt Stock Exchange: SVAB) today informs about an update on the remittance services after the launch of the white label business for BankT.

In the first few days of operations of the remittance service within BankT, the first corporate client is now live and processing. In the first week of testing a total of 400,000 Euros was processed and the company expects the remittance turnover to reach an amount of approximate 30 Million Euros per month by the end of this year.

Gross margin ranges from between 1.5% to 4% per transaction and additional revenues will be generated from various add-on services inside BankT.

There are several industries including iGaming branch where the traditional banking systems frustrates and slows down the transfer of money. BankT uses blockchain technologies to solve this without compromising on legal controls such as KYC (Know your Client) and AML (Anti Money Laundering).

“BankT is the future for Global Payments providing the fast efficient transfer of monies using Blockchain technologies without compromising security and the laws protecting us all against money laundering.”, says Bert Scheen, Chairman of StrateVic Finance Group AB.

StrateVic Finance Group AB (formerly: Stockholm IT Ventures AB) is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company specialises in FinTech such as banking and trading in virtual and physical currencies.  For more information visit: www.stratevic.com. You can also find the Company on Facebook, Twitter and LinkedIn.

Media contact:
StrateVic Finance Group AB, Bert Scheen, Chairman, bert.scheen@stratevic.com

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