{"id":54742,"date":"2021-12-15T16:36:56","date_gmt":"2021-12-15T14:36:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54742"},"modified":"2025-09-03T21:54:22","modified_gmt":"2025-09-03T18:54:22","slug":"british-crypto-processing-group-acquires-100-year-old-german-bank","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/british-crypto-processing-group-acquires-100-year-old-german-bank\/","title":{"rendered":"British crypto-processing group acquires 100-year-old German bank"},"content":{"rendered":"<p>London-based crypto-processing group BCB Group has acquired Sutor Bank, founded in 1921 in Hamburg, Germany, with a fintech focus.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">BCB Group is delighted to announce today that Hamburg-based <a href=\\\"https:\/\/twitter.com\/SutorBank?ref_src=twsrc%5Etfw\\\">@SutorBank<\/a> is joining the group!<\/p>\n<p>Find out more: <a href=\\\"https:\/\/t.co\/PUrlRq5zE2\\\">https:\/\/t.co\/PUrlRq5zE2<\/a> <a href=\\\"https:\/\/t.co\/bzZVvvIaYi\\\">pic.twitter.com\/bzZVvvIaYi<\/a><\/p>\n<p>\u2014 BCB Group (@BCBcrypto) <a href=\\\"https:\/\/twitter.com\/BCBcrypto\/status\/1471054303871782913?ref_src=twsrc%5Etfw\\\">December 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n<\/p>\n<p>The parties expect regulatory approval by the end of February.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Terms of the deal were not disclosed.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Sutor Bank operates a <span data-descr=\\\"banking-as-a-service\\\" class=\\\"old_tooltip\\\">banking-as-a-service<\/span> platform and supports independent financial advisers with a broad range of products, including savings and pension plans.<\/p>\n<p>\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cThe addition of a fully licensed bank will enable BCB Group to better serve its clients in the EU and drive business growth,\u201d<\/em> the press release said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n<\/p>\n<p>According to the crypto-processing firm, in 2021 it processed payments of more than $40 billion.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>In March, BCB Group <a href=\"https:\/\/forklog.com\/en\/news\/british-crypto-processing-firm-raises-4-5-million-in-funding\">raised $4.5 million<\/a> to obtain licenses in Singapore, Switzerland and other jurisdictions.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Earlier, the crypto-processing firm <a href=\"https:\/\/forklog.com\/en\/news\/british-crypto-processing-firm-to-help-companies-invest-in-bitcoin\">introduced<\/a> the BCB Treasury service, which gave clients access to Bitcoin and other digital assets. With it, corporations could trade, manage and store cryptocurrencies as part of their strategy.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full stream of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>London-based crypto-processing group BCB Group has acquired Sutor Bank, founded in 1921 in Hamburg, Germany, with a fintech focus.<\/p>\n","protected":false},"author":1,"featured_media":54743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1879,1269],"class_list":["post-54742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-commerce","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54742"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54742\/revisions"}],"predecessor-version":[{"id":54744,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54742\/revisions\/54744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54743"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}