ORO Bank is making waves as Asia’s first full-reserve digital bank, aiming to revolutionize the region’s financial landscape. By keeping 100% of customer deposits in reserve, the bank offers a level of security that’s rare in today’s banking world. This approach aligns with their commitment to transparency and risk-free banking. CEO Mike Kayamori shared insights into how ORO Bank plans to lead sustainable banking with cutting-edge technology and a customer-first mindset.
A New Approach to Banking Security
ORO Bank is challenging traditional banking norms.
- Unlike conventional banks that operate on a fractional reserve system, ORO Bank retains all customer deposits as reserves.
- This full-reserve model ensures that customers’ funds are always available, minimizing liquidity risks.
- The strategy is designed to foster trust and provide a transparent banking experience.
- It supports long-term economic stability, resonating with clients who prioritize financial security.
- The bank’s digital-first approach leverages advanced technology to enhance user experience.
By prioritizing safety over profit margins, ORO Bank sets itself apart in the competitive banking sector.
Collaboration with Digital Kidu Bank
Working together for broader impact.
ORO Bank collaborates with Digital Kidu Bank under the parent company DK Limited. While Digital Kidu Bank focuses on services tailored to the local Bhutanese market, ORO Bank serves the Gelephu Mindfulness City (GMC) and international clients. This partnership allows both banks to create synergies and expand their reach. Bhutanese nationals living overseas can open accounts with ORO Bank, aligning with their goal to attract global citizens who share Bhutan’s values.
Aligning with Gross National Happiness Philosophy
Integrating well-being into banking practices.
ORO Bank embraces Bhutan’s philosophy of Gross National Happiness (GNH) by promoting financial well-being and ethical practices. Their business model emphasizes:
- Financial Security: Full-reserve banking provides peace of mind.
- Customer Happiness: A user-friendly digital platform enhances satisfaction.
- Ethical Operations: Transparency and integrity are core values.
This approach not only benefits customers but also supports the sustainable development goals of the GMC project.
Future Plans and Technological Advancements
Looking ahead to innovative growth.
ORO Bank has ambitious plans for the next five years, including:
- Expanding product offerings with advanced digital services.
- Enhancing technological capabilities in blockchain, cybersecurity, and artificial intelligence.
- Increasing its digital presence across the region to serve a broader clientele.
The bank aims to stay at the forefront of banking innovation while maintaining its commitment to security and customer-centric services.