RnF Finance Limited, a Malta-based company, has announced that it has applied for authorization to act as a credit institution in Malta. OK Blockchain Capital Limited, the investment arm of OK Group, has claimed itself to be the anchor investor in RnF



Reportedly, RnF will start its banking operations by mid-2019, subject to regulatory approval. The bank has plans to invest in innovative technologies like Blockchain and Artificial Intelligence in its initial years. Consequently, it expects to attract clients while ensuring a risk-free compliance assessment as well.

Roderick Psaila, the founder and CEO of RnF, has stated that the bank will provide four main services which include banking services to corporates; lending; private banking and wealth management. He has also disclosed the firm’s plans to target big companies and private organizations without vetoing any industry beforehand.