ORO Bank Launch Overview:
- Mission and Philosophy:
- ORO Bank aims to foster personal, corporate, and financial growth sustainably.
- Emphasizes environmental, social, and economic sustainability.
- Aligns with Bhutan’s Gross National Happiness (GNH) philosophy.
- Operational Details:
- Launched in Bhutan, focusing on the Gelephu Mindfulness City Special Administrative Region (SAR).
- Built to serve the new 1,000 square-kilometre economic centre in South Bhutan.
- Targets global start-ups and innovative emerging businesses.
- Promises a financial infrastructure that prioritizes savings security.
- Technology and Partnerships:
- Partnered with Finastra to use its Essence core banking solution in the cloud.
- Launched to global markets within six months using Finastra’s SaaS core banking tech.
- Core Values and Commitments:
- Focus on sustainability and mindfulness.
- Plans to monitor and offset its carbon footprint.
- Pledges to donate 1% of profits to sustainability initiatives.
- Banking Services:
- Provides a broad ecosystem of traditional finance (TradFi) and future finance (FutureFi) services.
- Designed onboarding process to accommodate start-ups and innovators with unconventional business models.
