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Correspondent Accounts
Open correspondent accounts in leading banks with international and local ratings
● 25+ currencies | ● 250+ partner-banks | ● 82+ jurisdictions | ● multi-regional set-up | ● multi-currency account | ● direct correspondent account | ● SWIFT alternatives
Clients
Correspondent bank
Correspondent bank
Correspondent bank
ChangeLab
Change
Lab
Lab
Upon receiving details from a client regarding currencies and countries, the ChangeLab team begins to think through set-up options for client approval
Based on the data provided by a client in the PQQ, the ChangeLab team reaches out to partners and make a list of those ready to onboard
After discussing and agreeing on correspondent banks ready to open an account, the ChangeLab team and a client sign an NDA for the further transparent process
The ChangeLab team requests partners to provide a list of documents essential for successful client onboarding
The ChangeLab team monitors the document collection process, double-checks them before sending to the partner
Account opening agreement signing
SWIFT and SWIFT alternatives
Request processing
Free pre-check
NDA signing
Request for documents
Documents collection
Mutual compliance & KYC verification
Terms of conditions signing
RMA exchange
MT199 account opening message
2 months
Upon receiving details from a client regarding currencies and countries, the ChangeLab team begins to think through set-up options for client approval
Upon receiving details from a client regarding currencies and countries, the ChangeLab team begins to think through set-up options for client approval
After discussing and agreeing on correspondent banks ready to open an account, the ChangeLab team and a client sign an NDA for the further transparent process
Based on the data provided by a client in the PQQ, the ChangeLab team reaches out to partners and make a list of those ready to onboard
Based on the data provided by a client in the PQQ, the ChangeLab team reaches out to partners and make a list of those ready to onboard
Based on the data provided by a client in the PQQ, the ChangeLab team reaches out to partners and make a list of those ready to onboard
The ChangeLab team monitors the document collection process, double-checks them before sending to the partner
Instant payments
Customer payments
Payments from third bank
Payment without country restriction
FX transactions
Available:
Streamline your onboarding process with ChangeLab digital platform
Save your time and efforts! Get on board in 4 steps and experience seamless banking services tailored to your needs!
ChangeLab digital platform
Upon registration on the platform, select the currencies and countries that catch your interest
Features
Fully digital account set-up
Transparent and streamlined onboarding process
Clear proposal and expectations
One-stop solution for compliance
Capabilities
What you get?
High efficiencies
Easy onboarding
Client support
Reliable partner-banks
We streamline the opening period to just 2 months and reduce FX operation costs by 23%, treasury operation costs by 5-10 % and payment costs by 9% through the SWIFT alternative, ensuring fast and efficient transactions with risk diversification
Our friendly team of experts will assist and guide you through any challenges you may face during the process
All our partners undergoes KYC verification, financial statement review for recent years, and rating score assessment before cooperation. The key factor is our track record of successful cases with them
When time is crucial, we guarantee a seamless, fast, and easy account set-up tailored to your specific request
Services
© 2024 ChangeLab Asia Company Limited
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