Modernising the Superyacht Industry: A Glimpse Inside the Groundbreaking Digital Platform for UHNWI

In a world where digitalisation is rapidly reshaping numerous industries, the realm of wealth management is undergoing an evolution to cater to a bold new generation of ultra-high-net-worth individuals (UHNWI). These affluent seafarers demand services as elevated as their assets, and a new champion has arisen to meet this demand: Privat 3 Money or P3, a company established in 2018 and regulated by the Financial Conduct Authority in 2020. Pioneering a modern approach to financial services, P3 has made waves with their revolutionary product, P3 Marine.

In the bustling world of family offices, often tasked with managing the finances of multiple yachts, P3 Marine proves invaluable. Its centralised expense tracking, real-time reporting and treasury management features simplify the complex financial management associated with high-value maritime assets. Yacht managers can also enjoy a newfound level of transparency and optimisation, as the platform offers an overview of a yacht’s financial activities.

For the stakeholders involved in yacht sales or charters, P3 Marine offers another level of convenience. It aids the management of charter accounts, streamlining reporting and serving as a robust payment infrastructure. Operated on a secure, cloud-based banking platform, P3 Marine prioritises security and integrates advanced protection features such as facial recognition, electronic ID verification, and AI-powered anti fraud technology.

In the realm of traditional private banking, P3 Marine is sailing innovative waters. Offering a modern solution designed to enhance efficacy and reduce costs, P3 Marine is the buoy in the choppy waters of superyacht management, navigating its users toward a smoother, more secure financial future.