TenureX and Elucidate Unite to Increase Financial Inclusion Worldwide

TenureX and Elucidate have announced a strategic partnership with a mission to increase financial inclusion worldwide and tackle the laborious and outdated approach taken by correspondent banks when onboarding respondent banks and managing the periodic review process of counterparties.

Both companies share the vision that everyone in emerging markets deserves the right to participate in global financial markets. To date, small and medium sized banks in emerging and frontier markets have been denied the ability to engage and create corresponding banking relationships which are the basis of fast, cost-effective payments across borders, often being inappropriately branded and de-risked solely based on their location or lack of scale.