Correspondent Payment Services
Facilitating the seamless process of moving money for emerging market banks.
Our active correspondent services model is empowering banks to process international transactions with the same ease and efficiency as any other global financial powerhouse.
Inbound Payment
Collection Accounts
We offer collections accounts in G20 currencies, allowing incoming SWIFT payments from around the world to be received by the accounts of our client banks.
Outbound Cross-Border Payments
We enable outbound payments for cross-border trade originating from the territories of our client banks, allowing their importing customers to engage in the trade of physical goods.
Foreign Exchange Liquidity
We serve as market makers for illiquid currency pairs, leveraging our role as a secure and trusted liquidity provider for large NGOs and money remittance companies that require currencies native to our client banks.
We provide active correspondent payment services specifically designed for emerging market banks that have been disconnected from global trade opportunities.
Trade-related payments for the sale of tangible goods.
First-Party payments directly to NOSTRO accounts.
Our Active Correspondence Model facilitates both inbound and outbound payments, giving you the ability to transact internationally in all major currencies.
An ecosystem built to deliver to the world
Our intermediary role allows us to actively manage and deliver treasury for global NGOs, Money Transfer Operators, and major corporations.
Although they are flush with hard currency, (typically USD, GBP, EUR) these organizations all have unique needs to deliver funds in exotic local currencies to some of the world’s most isolated regions.
The global need for remittances and humanitarian aid provides new opportunities for our respondent bank partners in their country. With remittances and aid each contributing upwards of 15% of GDP to many such countries, this hard currency is essential to these economies.
By combining and aligning our business to collaborate across the world we can solve challenges on both sides of the transaction to deliver value and a previously unknown level of transparency.
G20 Currencies
The Klearium Cube is the technology solution that enables the Illumina business model.
A multidimensional extreme vetting process is the key that unlocks transaction assurance. Serving as a critical enabler for commerce,
Klearium provides rigorous compliance systems, processes, and tools to enhance cross border payments and enable a new level of transparent global trade.
This next generation compliance platform that scrutinises each detail of a transaction; giving upstream banks the assurance they need to process payments for previously isolated jurisdictions.
With a 20 step verification process, containing more than 160 unique validations, The Klearium Cube fully examines each transaction to ensure that there is no detail left unchecked. The result of the vetting process is a comprehensively scrutinised and validated digital compliance dossier for every payment; one that is readily shareable, easily viewed and immutably stored.
