Clear Junction and Axius Global partner to enhance customer offering

By Joy Dumasia

Clear Junction announced a new partnership with Axius Global to help enhance the banking service provider’s customer offering. Axius Global is a newly launched disruptive FinTech; the team works with its customers to design, develop and deploy financial solutions that help connect to financial institutes, marketplaces and exchanges.

The new partnership with Axius Global is an example of how FinTechs and other financial institutions can benefit from joining forces while launching new products, improving existing functionalities and boosting customer offerings.

Axius has been established to provide B2B payment services for supply chains operating between the UK, EU and APAC. Clear Junction’s ready-made access to payment infrastructures will free up time for Axius to put efforts into risk management, client services and sales.

Clear Junction’s correspondent accounts are designed for use by licensed financial institutions dealing with account receivables. They will enable Axius to hold and maintain a monetary balance in their name while transacting in customer names. Ultimately, Clear Junction’s solutions will allow Axius to make and receive payments favouring or on behalf of its customers.

Dr Bruce Thompson, President & COO at Axius, says: “Axius selected Clear Junction as a strategic partner to mitigate risk for our clients and enable a proven solution that has already been through extensive and exhaustive field deployment. Our core philosophy is that you can’t be a subject matter expert in every discipline and partnering with Clear Junction enhances our knowledge, skills and customer offering.”

Dima Kats, Chief Executive of Clear Junction, says: “Clear Junction is excited to partner with Axius Global and helps them provide unique solutions for their customers. We pride ourselves on shortening the time to market for service delivery by financial institutions at various stages of their growth. Global B2B service providers are one of the fintech niches that we feel very comfortable working with.”