Catella Bank has launched their Malta operations at the Westin Dragonara Resort on Tuesday evening. The Catella Group is a publicly listed company on First North Premier on Nasdaq Stockholm and formed 25 years ago in Luxembourg. The full-service bank offers services in corporate finance, mutual funds, property asset management, property funds and project management.
Catella’s aim is to become the go-to bank for iGaming companies based on the island. The bank is keen to fill a gap in the market as many iGaming businesses report that they are experiencing problems with other credit institutions since other banks seek to diversify their portfolios and decrease exposure to the gaming industry. While Catella boasts staff with specialised iGaming experience, RS2 will serve as the local transaction processing service provider for Catella. With activity in 27 countries across the world and over 250 bank clients, RS2 processed over 18.7 billion transactions in 2015.
The services offered are well adapted to the needs of the iGaming industry, with the possibility of real-time blocking of a transaction based on the amount, payment type or country of origin as well as real-time monitoring based on country, currency or payment method. A special feature being the ability to do real-time cross reference, which can make sure different family members using the same credit card online do not get blocked.
The Executive Chairman of the Malta Gaming Authority, Joseph Cuschieri, welcomed Catella to the island and envisaged a projected 4% year-on-year growth for the iGaming industry during the coming 10 years.