Active Correspondent Banking Services
A secure global payments network designed to facilitate smooth, compliant, and transparent payment services.
We’ve developed and fostered a partnership model where we actively assist in sourcing, securing, and managing the currency needed to facilitate vital flows.
Our business model is designed specifically to reconnect these isolated regions with the global trade markets by giving them access to a globally connected network of payment rails. In conjunction with our partners, we collaborate as market-makers to facilitate the seamless movement of flows around the world.
Our Active Correspondence Model facilitates both inbound and outbound payments, giving our customers the ability to transact internationally in all major currencies.
A Global Payments Integrator
Our payment infrastructure allows clients to receive funds in USD, EUR & GBP denominated accounts directly from their partners, suppliers and customers.
The same model allows Illumina to act on behalf of our partner institutions to ensure that funds reach their intended recipients around the world.
In addition to
facilitating payments
This intermediary role allows us to actively manage currency sourcing for our clients, drawing on our diversified relationships with global NGOs, Money Transfer Operators, and other financial entities.
Through these relationships, we gain access to hard currencies (GBP, USD, EUR) while also leveraging our banking connections to source exotic currencies in some of the world’s most isolated regions.
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.
