About

Who we are

Elemental Financial Limited is a RegTech-driven payment solutions company based in London, providing risk-managed correspondent banking services to emerging markets worldwide.

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Unique

Global payments for local banks

Since 2008, de-risked local banks in developing economies have been prevented from making international payments easily. Elemental Financial is reconnecting those local banks to global payment rails, transaction banking and currency exchange, enhancing their operational efficiency and helping to grow prosperity for the bank, its customers, and the region it serves.

Specialist

An international team of experts

Elemental Financial has assembled a management team with core competencies in banking, non-banking, regulation and alternative financial services. The team has decades of operating experience in developed and developing economies. Together, the team is eminently qualified to gain regulatory approval, implement Elemental’s unique approach to global transaction banking, and thrive in a risk adverse environment by solving the issues which gave rise to the current CBR business environment.

Dedicated

Team Elemental

Kevin von Neuschatz

chief executive officer

Kevin is both a founder and a Managing Director of Small World Financial Services Group Ltd, a UK-based remittance company with offices throughout Europe and North America. Previously, Kevin founded several companies in the payments sector including Choice Money Transfer Ltd, Choice Forex Inc, and Elemental Financial Ltd. – the global payments corresponding banking solution for local banks in emerging and developing markets. Kevin earned a B.A. Honours Degree in History from Brandeis University, a J.D. from Boston College Law School, and an LLM. in international law and finance from the London School of Economics.

Frederic Le Bourgeois

Managing Director

Frederic has over 30 years of banking experience, including the supervision of three successful new bank licensing processes. Having managed a European Bank, he brings first-hand knowledge and experience of statutory and AML/ATF regulation, cross-border transactions and CBRs. Fluent in international finance and regulatory envelope, Frederic previously served as Managing Director of the Paris subsidiary of First Bank of Nigeria UK Ltd. specialising in correspondent banking for the Sub Saharan countries, and handled all negotiations with Banque de France, including licensing, regulatory oversight and a correspondent client base of 55 banks in 11 countries across Africa and the Middle East.

Khalid Talukder

Chief Operating Officer

Khalid is a seasoned corporate and investment banking professional, spearheading the deployment of Elemental Financial Ltd. in reconnecting de-risked local banks in emerging markets to global payment rails. Khalid held senior positions at UBS and Citi & Deutsche Bank for over a decade with responsibilities that included the management of Investment Banking, Transaction Banking, Treasury and Trade Services and FX capital markets. He has spent most of his sales career developing innovative and successful value-added eFX solutions combining cash management with FX risk management. He is CF30 qualified and an Associate Member of the Chartered Institute for Securities and Investment.

Imran Ali

chief technology officer

Imran has helped shape the UK payments industry for over 15 years. He was Product Lead for delivering UK Faster Payments and the pan-European payments platform VocaLink. He was Head of UK Product in HSBC’s Payments and Cash Management division, and has worked at Citibank, Barclays, Lloyds, and Bank of America Merrill Lynch. He has sat on the Bacs Board, Faster Payments Board, and the Payments Council and currently sits on the Open Banking Fintech Stakeholder Working Group, the Pay.UK Request to Pay Advisory Group, and is an Advisory Board Member at BWG. He has been Managing Principal at Answer Digital since 2017.

Compliant

Strict legal compliance

Elemental Financial’s management team has extensive experience of all financial services regulatory compliance issues including AML/CTF, ABC, sanctions screening, CDD/KYC, data protection and fraud. The team leverages this experience to help local banks in emerging markets meet their regulatory obligations, from KYC (Know Your Customer) to EDD (Enhanced Due Diligence).

Elemental meets the highest standards of legal compliance in an ever-evolving financial market. With the introduction of PSD2 and GDPR, the team acts swiftly and efficiently to implement robust new procedures wherever and whenever necessary.

Elemental Financial is awaiting authorisation by the Financial Conduct Authority under the Electronic Money Regulations 2011.

Regulated

Advanced regulatory technology

Elemental Financial leverages the latest RegTech (Regulatory Technology) and payments technology, based on the security and efficiency of blockchain, to significantly reduce CBR risk and service friction.

The key areas in which we leverage RegTech are:

  • AML/KYC
  • Information Security
  • Operations Risk Management
  • Compliance Management
  • Trade Monitoring

In this way, Elemental Financial is creating a paradigm shift in the way cross-border payments are cleared, monitored and delivered today.

Give your local bank global access

Register your interest in Elemental Financial.