BFC Bank is part of BFC Group which has operated global money transfer and foreign exchange operations for 100 years through offices in Asia, Middle East and the UK. We are well placed to understand the challenges and requirements of PSPs.
BFC Group has always operated to the highest compliance standards. We utilise this experience with the latest technology in our compliant and secure banking solutions for PSPs.
We understand how difficult it may be to access GBP bank accounts. We are committed to provide core banking services to organisations who meet our high standards. We support and enable you to access domestic and international payment gateways.
We received authorisation from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) in September 2016. We exited mobilisation in October 2017 and will finalise our full service launch for early 2018.
A third party auditor must review any PSP prior to on boarding as a BFC Bank client. After this, we offer a monthly fee based service to cover the cost of ongoing enhanced due diligence and transaction monitoring. This is tailored to address the individual PSP's risk profile.
BFC Bank’s product suite is designed to meet international payments and cash management requirements such as multi-currency current accounts, client money accounts, term deposits, and payments.
For further information about BFC Bank’s service, or to register an interest in becoming a client, please visit: www.bfcbank.co.uk