Tenet Bank Launches from the Cayman Islands to Serve the Global Technology Economy

Published on: Monday, 23 October, 2023

George Town, Cayman Islands – October 2023 - Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today. During the soft launch period, Tenet will onboard select clients before progressively expanding its invitation-only clientele from a waitlist.

Licensed by the Cayman Islands Monetary Authority, Tenet will adhere to the Cayman Islands’ robust banking regulations that have established it as a highly regarded international financial centre. Tenet features proprietary state-of-the-art software, technology sector expertise, white-glove service, and a premier banking location to help clients efficiently manage and move capital across the world.

Following several years of rigorous product development, Tenet co-founders Brian Tang and Brandon Caruana are pleased to bring the bank’s offering to the global technology ecosystem. Together, the two have over 30 years’ experience managing multibillion-dollar balance sheets and designing and operating digital banking platforms.

“Tenet offers the highest level of security and reliability found in traditional banking, upgraded for the modern needs of the world’s most innovative entrepreneurs, startups, venture funds, and multinational institutions,” said Tang, Tenet’s Managing Director. “We are just starting to see the true potential of the internet era, where technology can reach global scale faster than ever. There’s a need for a bank that understands this and helps clients to capitalise on the opportunity it affords.”

As an engineering-first bank, Tenet aims to set a new standard in global banking with its proprietary operating system, TenetOS. Committed to continuously improving the client experience, Tenet’s in-house team of software engineers uses ongoing feedback to tailor TenetOS feature sets to clients’ unique needs. TenetOS also offers a growing array of API-powered integrations, enabling clients to consolidate their financial management into one hub.

Tenet’s usability provides an elegant, intuitive banking experience meant to solve persistent banking pain-points. From a streamlined onboarding process to agile account- and transaction-management functionality, Tenet’s clients are empowered with a centralised, transparent portal that puts the user in control and eliminates the frustrations of opaque processing times and back-and-forth communications.

During soft launch, Tenet’s client list will be curated on an invitation-only basis. Priority will be given to interested clients receiving invitation codes from a member of Tenet’s Verified Invitation Programme.

Authored by:

Brian Tang

Brian Tang is Tenet's Managing Director and a member of its Board of Directors. He is a CFA charterholder with experience managing multibillion-dollar balance sheets at several financial services institutions. He is also a co-founder of Code(Cayman), a nonprofit that provides tech-sector skills training for the Caymanian population.

Brandon Caruana

Brandon is Tenet's CEO and a member of its Board of Directors. He is an IT leader with nearly two decades' experience planning, developing, and implementing multimillion-dollar projects in the financial services industry. Brandon is a trusted advisor to government officials and a co-founder of Code(Cayman), a nonprofit that provides tech-sector skills training in the Cayman Islands.