Our parent company, Infina Holdings, acquired Clarency in 2020 as part of our strategy to make global finance safer, more cost-effective and more universally accessible. Our vision was based on our experience in developing a higher level of transactional diligence than was available when we began our journey in 2004.
Our core product, biz.Clarency, is the result of heavy investment and innovation in financial compliance, bound closely to payment and liquidity engines to give end-to-end trasparency of every transaction.
We are a major payment institution as defined under Singapore law and regulated by the Monetary Authority of Singapore. This is defined below:
Major payment institutions provide any combination of regulated payment services, regardless of transactional volume or e-money held. Major payment institutions are subject to more comprehensive regulation than standard payment institutions as the scale of their operations pose greater risks. For example, a major payment institution must comply with requirements to protect customer money.
Our regulatory status can be checked on the MAS website MAS.GOV.SG