Clarency for financial institutions

closer to your customer

How customer-friendly is your onboarding process? And while we're asking the tough questions, do your customers see you as an ally or a barrier to their international trade?

Trade finance becomes, almost daily, more competitive; you can't afford to alienate a new customer right at the start of your relationship. It's no longer enough to console yourself with the thought that your competitors are no better, because it's no longer necessarily true.

stay ahead, or just keep up?

There's still an opportunity to lead the field - an opportunity that will soon become just a chance to keep up. The world is changing rapidly and international finance companies must adapt.

The biz.Clarency approach involves your customer in the onboarding process, and that involvement immediately makes them feel better about you. But the system also greatly simplifies and shortens the engagement, bringing you and your customer closer to profitable trade in days - or even hours - rather than weeks.

stronger compliance

Improving technology should make compliance more robust, yet regulators continue to impose heavy penalties on financial institutions for failures in diligence. This is probably the strongest barrier to free global trade as it moves the risk/reward balance so profoundly that it's hard to justify. Our sister company, Choice International, pioneered transactional diligence as long ago as 2004. Since then we've continued to refine the model, introducing blockchain immutability and ever-increasing visibility of the physical movement of goods that underlies each transaction.

best-in-class components

Rather than re-invent technologies that were already available from specialist organisations, we've selected ground-breaking partners. Together we've assembled a seamless suite of systems that bring you unprecented - and sharable - detail of shipping routes and documentation, weights and volumes of goods, market values and much more. And it's all assembled and presented so that it actually eases your workflow. You can read more about our approach to compliance here.

improved profitability

biz.Clarency delivers increased profitability on many levels:

reduced overhead

By reducing your workload, increasing your risk officers' efficiency, and simplifying both the onboarding process and the ensuing transactions, biz.Clarency cuts your resource overhead.

forex savings

As a biz.Clarency customer you have access to super-keen exchange rates and ready liquidity. It's often possible to shorten your correspondent banking chain, cutting out interim exchanges and saving money. And with our flow-balancing working for you, you can even eliminate forex costs altogether.

making your money work

You can earn exceptionally high returns on funds that you choose to rest, even briefly, within the Clarency ecosystem. Depending on your circumstances, margins as high as 80% are realistically attainable.

a life less complicated

We stated our position on the home page: we believe international trade should be as simple as local. We're not there yet, but we're well on the way.

less heavy lifting

The information-gathering required for proper compliance is almost entirely handled by your customers. It allows them to feel involved, and our seamless API set or super-friendly user interfaces mean that it's no chore for them. And your risk officers receive an orderly, pre-screened data pack that makes decisions easy and keeps regulators happy.

living diligence

Every transaction is automatically re-screened for significant changes. Instead of relying on old-fashioned value thresholds, you're instantly aware if anything needs your attention.

one-stop payments

Forget lengthy information chains or multiple logins. Execute a payment with a couple of clicks for same-day settlement*.