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International Financial Enterprise Bank. The Evolution of Finance.
 

Safe and Sound

In the EVOLUTION, we have combined the safety and soundness of a traditional bank with the technology, customer-centricity, and relevancy of a next generation financial services company. You can have confidence in who we are and trust that your money is safe with IFEB.  
 
 

 

Our International Charter

 

International Financial Enterprise Bank (“IFEB”), as of June 20, 2018, is a chartered financial enterprise entity (“IFE”) incorporated under the laws of the Commonwealth of Puerto Rico. 

 

“An International Financial Entity licensed in Puerto Rico under Act 273 is one of the most powerful international banking and financial services structures available.“

International Financial Entities Licenses in Puerto Rico, April 2017 By: Christian Reeves

 

“International Financial Entities (IFEs) are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. 273 of September 25, 2012, as amended (the IFE Act) and Regulation No. 5653. The IFE Act prospectively replaces the International Banking Entities (IBEs) under the former International Banking Regulatory Act, Act No. 52 of 1989, and offers tax incentives to IFEs that set up operations in Puerto Rico, subject to the licensing requirement and regulatory powers of the Commissioner.”

              

IFEB is regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCIF”). IFEB complies with all US banking regulations, unless specifically specified by OCIF. This regulatory adherence includes Bank Secrecy Act (KYC/AML), Fair Lending, Asset and Liability Management, and many others regulatory and compliance related items. You can find more detail about OCIF at http://www.ocif.gobierno.pr/ or you can contact OCIF directly at 787-723-3131.

 
 

 

Deposit Insurance

Traditional banks insure deposits through government agencies organizations as the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), and the Supervision and Insurance of Cooperatives (COSSEC).   
 
Our International charter allows us to offer our customers options that fit their needs. A traditional insured account or a non-insured high interest rate account. Contact one of our account specialist for more information.
 
Soft Open: Our FDIC insured deposit products will be available in the near future in coordination with our partner bank. During the soft open our deposit products are not covered by FDIC insurance.
 
 

 

Technology

A tremendous advantage of designing and building IFEB from scratch is we have the very best technology seamlessly integrated supporting our core infrastructure and digital interfaces. This also means we able to quickly add features and functionality. As technology evolves, we will evolve. 
 
This is where IFEB needs you. We want to hear your ideas, recommendations, and about areas we need to improve. This will help ensure we are always providing relevant products and services, when, where, and how you want. Please email our technology team directly at operations@ifeb.bank.
 
 

 

Cyber-Security

The security of your personal information is of the utmost importance. We utilize physical, electronic and procedural security measures to protect you, your data, and our infrastructure from any cyber-attack.

 

                   

 

Cyber-crime is one of the largest challenges in the new digital world. IFEB understands this risk; and as a result, has partnered with industry leading cyber security firms to ensure your personal information is safe at all times. This includes, but is not limited to Network, Data, System, and Email security; special software and 24/7/365 monitoring to protect against software viruses, malware, phishing, and intrusion.  

Another example of our commitment to security is our “.bank” domain. The “.bank” domain name is only available to banks. When you see a web or email address ending in IFEB.BANK you can feel confident you are communicating and transacting with IFEB, and not a phisher or a spoofed site. This is your visual cue and stamp of trust that IFEB is dedicated to protecting you.