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BFC Bank enters UK market

Martin Greenland | 16:59 Wednesday 21st March 2018

BFC Bank has launched into the UK banking market offering financial services to UK SMEs.

The bank will provide reliable, safe banking services for SMEs and payment service providers (PSPs), as well as offering international payments, multi-currency accounts and foreign exchange services.

David Price, CEO at BFC Bank (pictured above, left), felt that de-risking had been used by most banks as an excuse not to serve this sector.

“Banking is full of rules and increasing regulation.

“BFC operates to the same high level of compliance as every other regulated entity, but it does not hide behind these rules as a reason to avoid doing business.'

David said that it ? helps small businesses find ways to solve problems.

“We're a small business ourselves – we think like they do, and in many ways, we are one of them.

“We're not one of those businesses that just talks about putting the customers first.

“We employ people who are creative and driven to find solutions for customers as if it were their own business."

Robert Greene, general manager of the corporate banking division at BFC Bank, said that it had complete empathy with the small business sector.

“The UK is a trading nation where SMEs play a vital role.

“They need banks that really understand their needs, made up of staff that can deliver.'

Robert explained that it had a dedicated relationship management team that could understand businesses and could appreciate the problems they face.

“The relationship management and customer service mechanisms are vital.

“Our relationship manager will come to visit you and get to understand your business.

“If we don't deliver, then SMEs won't use us.

“We understand, therefore, that we always have to deliver."

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