Aqua Global Helps iFAST Global Bank Launch Multi-Currency Digital Banking Service
The partnership builds on a long-standing relationship between the two organisations, following iFAST’s acquisition of BFC Bank in 2022 – an Aqua Global customer since 2018 – with much of the same team now driving the new bank’s digital strategy.
“Our goal was to build a truly modern banking platform that could scale internationally from day one,” said Inayat Kashif, Chief Executive Officer at iFAST Global Bank. “By deploying Aquila, we were able to launch multi-currency payments on a cloud-native architecture, process growing volumes with confidence and meet evolving regulatory requirements without adding complexity. The platform has given us the flexibility to grow quickly while maintaining control and resilience – playing a key role in helping us reach profitability by our second year of operation.”
As part of this transition, iFAST migrated its existing Aqua deployment from E2Gen technology to Aquila’s cloud-native platform on AWS, enabling international payments while aligning with the bank’s cloud-first strategy and long-term technology roadmap.
“iFAST built our own core banking platform in-house, so we absolutely had the option to build a messaging layer ourselves,” Kashif added. “But Aquila already delivered the scale, modern architecture, and compliance capabilities we needed – and Aqua is a partner we know and trust. The team understands our business, the quality of their technology is excellent, and their ongoing support has been first-class. That allowed us to focus our engineering effort where it adds the most value, while staying at the cutting edge of payments.”
Cian Fernando, CEO at Aqua Global adds: “Leading digital banks want modern, cloud-native payments infrastructure without the burden of building and maintaining it themselves. iFAST’s approach shows how engineering-led organisations can move faster by partnering with specialists, and we’re proud to support its growth with a platform designed to scale as its ambitions expand.”
