Your Consulting Partner
Clear Banking
Finding a clearing partner for PSPs can be a challenge. We can help you connect with the relevant financial institutions.
BFI (Banx for Institutions – a sister company of PayCompliance) specialises in helping banks and non-bank financial institutions with correspondent banking, payment clearing and settlement bank accounts.
BFI can assist a client in securing a new bank account in various ways, although the effort and time sometimes required should not be underestimated.
BFI Networks
Banking Relationships
Market Coverage
Countries
Introductory Services
With 10,000+ banks in our database and growing, BFI (Banx for Institutions – a sister company of PayCompliance) covers around 40% of the global banking universe across 100+ countries. We are determined to achieve a global coverage by 2023.
Our collaboration with a financial institution seeking an account begins with a comprehensive review of their business and corporate documents to ensure they meet a bank's application requirements.
Subsequently, we curate a long list of suitable correspondent banks, which we then refine with the client into a short list.
Explore Legal Possibilities, Connect with PayCompliance!