the payments that power your business

what's the problem with payments?

Probably the most fundamental need for your business is getting paid for the things you sell - or paying for things you need. Yet when there's more than one region involved, both can become a challenge. And for some regions, it's a major challenge.

A good example of this is China, a region that constitutes almost half of our inward and outward payments. It's a highly regulated jurisdiction, with stringent currency controls and a strict intolerance of downstream clearing. Yet China is eager to trade, and can be an excellent business partner so long as every transaction is completely transparent.

We provide that transparency by providing a secure link within the SWIFT messaging to access the entire portfolio of information relating to each transaction. This doesn't just include the initial onboarding data for all parties; it carries full background intelligence on individuals, companies, PEPs and sanction/prohibted status. Not only that, but it shows the source and destination of funds, ultimate beneficiaries, and even invoicing and shipping details. And it's this transparency that's helped us to build strong relationships with Chinese banks and official bodies.

China is just an example

While China is our largest destination and originator of inward and outward payments, it's detailed here just as an example of how our approach takes the principal challenges out of regions that are perceived as difficult. We're equally active and favoured in many other regions, particularly across Africa and Asia.

growing a global business

Differences in culture, in financial regulation and regional risk will always be there, but they don't have to be a barrier to successful trade. It comes down to sound, super-detailed transactional diligence, stable in-region partnerships and sound knowledge of local processes - the very attributes on which we built our business.

By removing the key friction points of inward and outward payments, we allow you to focus on the business itself.

removing complexity

Once you and your counterparties are set up on the biz.Clarency platform (a quick and easy process), you can implement, action, send and receive payments with a few taps or mouse clicks. It's that simple.

removing cost

Super-efficient payment rails remove the expense - and delay - of correspondent banking, our connections with top money markets brings you low-cost forex, and our optimised transactional diligence delivers best-in-class financial compliance without adding additional cost. That all means higher competiveness for vendors and better deals for buyers.

removing risk

Our core customer business platform, biz.Clarency, was built on a diligence-first model. In fact, our original name for it was kycBlock, reflecting its know-you-customer functionalirty and blockchain technology. From that beginning it's evolved into the immensely powerful business engine that it is today, but the essence of unceasing vigilance remains its pivot. That means you can trade with confidence across the expanding world that was disastrously shrunk by bank derisking.