BANCLEAR™ Launch Payment Processing and Messaging Platform for Global Financial Service Providers

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Banclear Trust Corporation of St. Kitts & Nevis and Banclear Group Inc (with its subsidiary Banclear Wire Transfers Inc) of Panama announced the launch of the group’s new multi currency clearing platform on Monday. Banclear’s secure online interface can be utilized to send and receive international wire transfers (MT 103) and to communicate with other institutional participants in real time.

“The feedback from our global network of affiliated financial companies and IT partners has helped us to identify a void in the financial messaging and payment processing market” said Michael Magnusson, Chairman of Banclear Group Inc at a press conference

Banclear Trust Corporation of Nevis and Banclear Group Inc of Panama announced the launch of the group’s new Multi Currency Clearing Platform on Monday. Banclear’s secure online interface can be utilized to send and receive international wire transfers (MT 103) and to communicate with other institutional participants in real time. The Banclear banking and messaging platform is based on the renowned NexorOne® banking software but can also be used as a standalone application or through full integration with any other major online banking system. The Banclear range of products and services is accessible only to financial institutions duly licensed and regulated in their respective jurisdictions.

“The feedback from our global network of affiliated financial companies and IT partners has helped us to identify a void in the financial messaging and payment processing market” said Michael Magnusson, Chairman of Banclear Group Inc at a press conference in the World Trade Center, Panama City. “There are thousands of financial institutions worldwide generally considered too small or too niche orientated to benefit from primary membership in traditional financial messaging and national clearing systems. We are confident that we can fill this gap in the market and act as a messaging bridge and clearing agency for a steadily increasing number of fund managers and service providers traditionally disconnected from the global financial messaging and multicurrency correspondent banking enviroment” continued Magnusson.

Banclear consolidates the needs of its small to medium sized institutional customers which are compromised mainly by Brokerage Firms, Banks, Finance Companies, Credit Unions, Fund Managers, Traders and other market participants. Banclear provides access to global messaging and payment processing platforms through its secure online interface. Banclear is fully compatible with NexorOne® and other major online banking software platforms.

For further information, visit http://www.banclear.com and http://www.nexorone.com.

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