Case Study: Deriv unlocks faster South East Asia settlements with BVNK

How Deriv unlocked seamless settlements in South East Asia with BVNK

Deriv, an online brokerage, needed a reliable partner to facilitate settlements for its growing customer base in South East Asia. The challenge was to efficiently receive and settle funds in local currencies like VND and THB without direct access to local bank accounts. They turned to BVNK for its Global Settlement Network and Virtual Accounts services.

BVNK provided a fast and reliable settlement service, reducing processing times from over four days to under 24 hours. This partnership saved Deriv significant time and costs, settling millions in funds and converting fiat currencies to USDC. BVNK's responsive communication and favorable rates made them a crucial and preferred partner for ensuring timely settlements.

Deriv

Tiago Garbim

Senior Accounts Executive Operations Settlements