BFI wants to make a difference
BFI aims to become the global market leader in its field and hopes to help overcome the de-risking phenomena that the global payment industry has been facing since 2010.
Increased costs for compliance and tremendous fines from government regulators have shaped the correspondent banking ecosystem more than any other trend in the past 30 years and lead to a reduction of the overall number of correspondent banking relationships globally. It is an irrevocable trend which requires additional resources from respondent banks who wish to enter into a new correspondent banking relationship. They need to be able to persuade the correspondent bank about their reliability and their soundness in compliance and risk management.
The Founder of BFI
BFI is a service initiative that has been established in 2015 by Michael G. Ehlert. He is an investor, financial services entrepreneur and a non-executive director. Born in Germany in 1971, he began his career as a banker in 1991 with Dresdner Bank AG in Frankfurt, Germany. Since the age of 24 he has been self-employed and has always worked in the financial services industry.
His motivation to found BFI is derived from his experience with pitching to investors and banks, his tenure as a Director of a payment institution, his passion for data and detail, a well prepared dialogue and the wish to contribute to the financial inclusion of developing and rural areas into the global payment system.
Meet Our Senior Team
