Name: Miles Paschini
Title: CEO
Company: FV Bank International Inc
Website: www.fvbank.us
Founded: 2019
Headquarters: San Juan, Puerto Rico
Description: FV Bank is a global digital bank that merges traditional banking with the innovations of fintech and blockchain. It supports the wide range of financial requirements of small, medium, and large enterprises with services including international payments in multiple currencies, digital asset custody, investment accounts and personal and corporate debit cards.
How FV Bank is Revolutionizing Digital Asset Custody – Insights from CEO Miles Paschini
Miles Paschini is the CEO and Co-founder of FV Bank International, a globally regulated digital bank that offers integrated banking, payments, and digital asset custody services to fintech, blockchain companies, SMEs and retail customers. With over 30 years of experience as an investor and serial entrepreneur, Miles has built innovative businesses across mobile and financial services markets. He has a wealth of expertise in leading multinational teams, focusing on strategy, business development, and product solutions. His extensive background also includes significant experience in payment processing, covering areas such as banking, card issuing, acquiring, electronic money issuance, remittance, and cash loading networks.
Miles is the holder of eight patents related to payment processing and blockchain services and was the founder of EWI Holdings, which was acquired by Blackhawk Inc. in 2006. In recent years, he has developed award-winning debit card products that have been adopted by leading e-wallet and settlement operators in over 70 countries. Miles’ career has been marked by a commitment to innovation, and his work continues to influence the global financial technology and payment processing industries. Through FV Bank, he is helping shape the future of digital banking and advancing the integration of blockchain technology with traditional financial services.
In an interview, he speaks on an array of topics. Excerpts from the interview:
Conception of FV Bank
A fully licensed and regulated bank offering a vertically integrated suite of digital asset and traditional banking services, FV Bank focuses on innovation, security, and compliance. The bank is “banking the future” by providing USD banking, digital asset custody services, money market accounts, and stablecoin-to-fiat conversion, all accessible via a single, unified platform.
FV Bank was created to bridge the gap between traditional banking and digital assets, addressing the fragmented financial solutions faced by businesses and individuals. It simplifies financial management by integrating multi-currency banking, digital asset custody, and Visa payment cards. Says Miles Paschini, CEO of the bank, “SMEs, FinTechs, blockchain projects, and technology companies often struggle to find tailored banking services, especially USD accounts and relevant payment solutions. Recognizing this underserved market, FV Bank offers global bank accounts for managing payments in 13 currencies, digital asset custody, stablecoin on-ramps/off-ramps, and Visa cards for easy expense management.”
In a market where historically unregulated service providers dominated, FV Bank stands out by providing compliant and secure custody services. It also enhances operational efficiency by streamlining the conversion and transfer process between fiat and digital assets through real-time transactions. This integration and tailored approach make FV Bank a vital solution for modern businesses navigating the complex landscape of traditional and digital finance.
The FV Bank solutions
FV Bank is an integrated financial platform that unites traditional banking with digital asset services, designed to meet the evolving needs of global industries, particularly in fintech and blockchain. Catering to both businesses and individuals, FV Bank enables seamless management of fiat and digital currencies, supporting multi-currency deposits, stablecoin transactions (such as USDC and USDT), and a range of payment options accessible worldwide.
As a leader in modern finance, FV Bank combines banking, custody, payment networks, and debit card services on a single platform, servicing small-to-medium enterprises, large enterprises, and high-net-worth individuals across regions including the U.S., Latin America, Asia, and Europe. The platform’s core offering is a USD account integrated with digital asset services, supporting transactions in USD, EUR, GBP, and stablecoins, alongside thirteen additional foreign currencies.
FV Bank’s VISA debit and corporate cards offer global access, facilitating smooth transactions internationally. Additionally, its secure custody services support digital asset storage, fiat-to-crypto conversion, and Custody Money Market Accounts, which allow access to money market funds invested in U.S. Treasuries. “These accounts provide a secure, liquid investment option for those looking to maximize returns on idle funds or stablecoins, underscoring FV Bank’s commitment to “banking the future” by offering comprehensive, forward-thinking financial solutions.”
Banking the Future: FV Bank’s Blockchain and Crypto Solutions
Miles highlights FV Bank’s early adoption of stablecoins, including USDC as a deposit method for over two years now, and expanding to major stablecoins like USDT and PayPal’s PYUSD. “This move “bridges” traditional finance (TradFi) with blockchain technology. Additionally, FV Bank recently launched Visa expense management cards aimed at underserved international markets.” These cards offer unique solutions for customers, especially those in countries like Argentina, where options for international payments are limited. The cards allow international businesses to manage travel expenses, pay bills, and streamline business operations.
Another distinctive feature of FV Bank is that customers can fund these cards through cryptocurrency, including USDC, and liquidate assets like Bitcoin through their trusted custody service. FV Bank’s mission, “Banking the Future,” is to provide a comprehensive banking environment that empowers clients with total control over their money. This combination of blockchain integration and practical financial tools positions FV Bank to better serve global customers and small-to-medium enterprises (SMEs) in need of efficient, accessible banking services.
Elevating Global Business with FV Bank’s Payment Solutions
“Our cross-border offering does not require our customer to own or hold foreign currency, from their USD bank account they can send 13 different currencies over local network or via SWIFT, or even stable coins on the fly. This allows better treasury management in USD which most of our customers prefer over their local currencies.”
Evolving AI for retail investors, institutions
FV Bank has integrated stablecoins as a deposit method, viewing them as a rail for transferring funds, similar to ACH or wire transfers, but utilizing blockchain technology. This integration enables programmable money for various settlement functions, with stablecoins playing a key role. In addition, FV Bank is leveraging AI to enhance its operations, particularly in fraud prevention and risk management. A project called Comply AI was initiated to improve onboarding processes by using AI to quickly process large amounts of data. AI excels in rationalizing data rapidly, allowing FV Bank to validate documents, extract and compare data, and make faster decisions on complex applications. This use of AI helps streamline onboarding and strengthens risk management, improving overall efficiency and accuracy in FV Bank’s operations.
Leadership traits
Entrepreneurship demands discipline and self-motivation, qualities that help sustain the pace and drive needed to succeed. A key recommendation is to develop personal consistency by committing to any regular activity—be it exercise, prayer, or walking, according to Miles. “This practice builds time management skills and commitment, essential for managing not only oneself but also a team.”
In addition to forward-thinking, particularly in areas like payments, it’s crucial to support the collective success of the team. A collaborative and supportive environment empowers each member to pursue their personal aspirations, ideally achieving those goals while contributing to the company’s vision. “Entrepreneurship also requires a high tolerance for risk, especially in regulated industries like finance. Fear of failure can be a barrier, but viewing setbacks as learning experiences turns challenges into opportunities for growth and character building. Embracing failures as steps toward success strengthens resilience and adds valuable, real-world experience to an entrepreneur’s journey.”
Key Mantras for success
“Be comfortable and prepared to work really hard, being an innovator is a journey so make sure whatever space you go into is something you really love, and the hard work won’t be so bad. Most of the rewards will come in the process, reaching new milestones and delivering value.”
Traditional Meets Digital: FV Bank’s Vision for Finance
FV Bank’s dual focus on traditional banking and digital assets is redefining global finance by creating a bridge between two financial ecosystems that were once disconnected. This integration offers businesses and individuals the flexibility to seamlessly operate in both worlds, eliminating the need for multiple providers. With solutions that enable easy movement between fiat currencies and digital assets, FV Bank supports the financial agility required in today’s global economy. “The bank’s innovative infrastructure ensures access to regulated custody, multi-currency banking, and cutting-edge payment networks, allowing customers to benefit from the speed and transparency of digital assets without compromising the stability and security of traditional finance. This convergence encourages broader adoption of digital currencies while maintaining the reliability businesses expect from a trusted financial institution.”
FV Bank’s platform doesn’t just keep up with evolving financial markets—it helps lead the way. By embracing new trends, FV Bank serves as a catalyst for the future of finance, enabling businesses to confidently integrate digital assets and modern payment methods while staying anchored in traditional banking practices. This balanced strategy allows FV Bank to move beyond simply adapting, actively influencing the direction of the financial industry and supporting companies through the shift toward digital innovation.
How FV Bank’s API Powers Commerce
FV Bank has a complete API to enable our customers to securely and programmatically access our services. This enables its customers to embed FV Bank services into their offering. “We have specifically built in the compliance layer, so FV bank controls all aspects of onboarding, compliance and monitoring. This allows our clients to focus on what they do best.”
Compliance and Custody: Navigating the Digital Asset Landscape
The company has invested its significant efforts into developing a comprehensive compliance function that spans both traditional BSA/AML regulations and the emerging digital asset space. This approach involves training staff, investing in advanced systems, and fostering an open mindset about the intersection of these two areas. The company embraces emerging technologies to gain a broader understanding of customer activities and potential risks. “However, the core of the strategy lies in the people—ensuring proper training and cultivating a willingness to adopt new methods, all while operating in a highly regulated environment. This combination of expertise, technology, and adaptability drives the compliance efforts.”
Fintech Watchlist: Crucial Risks and Challenges Ahead
Miles notes that scaling is a challenge faced by all companies. He suggests that fintechs lean on technology to help companies grow, while focusing on automated workflows, BI and AI integration, etc. “Leave the difficult and complex to the humans but automate everything else.”
Regulation, compliance and the long arm of the law are yet another crucial challenges fintechs need to watch out for. “In payments, I think you need to work with a good bank partner who can provide a solid infrastructure and compliance framework to build your product or service upon. Also, deliver quickly, iterate and find that PMF.”