US-Regulated Correspondent Banking
The correspondent bank built for emerging markets.
One Forty Bank provides USD clearing infrastructure for financial institutions in emerging markets; restoring reliable access to the global financial system where it has been abandoned.
The Problem
The correspondent banking system is breaking down.
Global trade and financial markets critically depend on access to USD clearing infrastructure — the essential plumbing for cross-border commerce. Without reliable dollar settlement, businesses are hindered, banks cannot serve their clients effectively, and entire economies face systemic barriers to growth.
That plumbing is disappearing, and emerging markets are bearing the greatest cost.
Compliance costs have exploded.
Banks are liable for "customer’s customer" risk, and AML failures carry multi-billion-dollar fines — making marginal relationships uneconomical.
Margins are structurally declining.
Fintech platforms and high-volume competitors have compressed the fees that once made these relationships worthwhile.
Legacy infrastructure can’t compete.
Heavy manual compliance processes and fragmented systems can’t scale economically across smaller institutions.
$150T+
Annual Cross-Border Payments
The total value of cross-border payment flows processed globally each year.
~50%
Denominated in USD
The share of all global cross-border payments requiring USD clearing infrastructure to settle.
3,000+
Emerging Market Banks Affected
Regulated institutions that now lack reliable access to USD clearing.
At $75 trillion in USD-denominated flows annually, correspondent banking is not a niche product — it is the backbone of global commerce.
Why Now
The market is shifting in our favor.
The future is hybrid: stablecoins and fiat rails will coexist, increasing — not replacing — the need for regulated USD clearing infrastructure.
A Widening Market Gap
As legacy banks retreat, USD clearing demand keeps climbing — creating room for a purpose-built alternative.
New Regulatory Pathways
Evolving frameworks now allow compliance-first specialist banks to fill the gap left by legacy institutions.
Emerging Market Growth
Africa, the Middle East, and Southeast Asia are driving global GDP growth and surging demand for USD settlement.
Rise of Stablecoin Settlement
Institutional stablecoin flows still require regulated USD rails for issuance, redemption, and settlement oversight.
Our Solution
A new kind of correspondent bank.
One Forty Bank is a US-regulated institution providing USD clearing services exclusively to financial institutions in emerging markets. We’ve built from the ground up to restore the link that legacy banks have largely abandoned - with a fundamentally different approach to compliance.
US Regulated
Chartered and supervised under US banking law, built for direct USD clearing access.
Purpose Built
Designed specifically for emerging market financial institutions — not retrofitted from a consumer bank or legacy correspondent system.
Compliance First
Full transaction context verification — corporate documentation, beneficial ownership, trade docs, and source of funds — for every transaction cleared.
Competitive Advantage
The Compliance Engine that makes this market work.
A fundamentally different approach to correspondent banking compliance. We don’t rely on other banks’ compliance — we replace it.
One Forty Bank
- Full end-customer insight into transactions and behavior
- Transaction-level risk assessment with full context
- UBO, corporate documentation, and source of funds verified at onboarding
- Continuous monitoring across all client banks
- Compliance built into the architecture, not bolted onto the process
Traditional Correspondent Banks
- Rely on limited SWIFT message data
- Risk assessed at bank level, with low visibility into underlying customers
- Compliance cost scales linearly with volume
- High false positives, heavy manual review
- Compliance treated as a cost center
Our Team
Built by people who’ve done this before.
One Forty is led by a team with deep experience across global payments infrastructure, correspondent banking, and financial crimes compliance; including senior AML/sanctions leadership from OFAC, FinCEN, and the U.S. Treasury.
Jason Pijnaker - CEO
Former global payments head at Revolut, with prior roles at Wells Fargo and ABN AMRO.
Alex Motavalli - COO
Nearly 10 years at JP Morgan covering financial institutions and fintech.
Stephen Nepa - CPRO
Former Chief Product Officer at Orbital and product leader at Wells Fargo.
Freddie Leadsom - CTO
Former technology lead at Revolut with deep expertise in financial infrastructure systems.
Jose Borrayo – CCO & BSA
Former section chief at FinCEN and senior investigator at OFAC, with various other roles at the U.S. Treasury.
Benny Joseph - CIO
CTO and CIO experience at various startups and larger corporates in regulated industries.
Get In Touch
Ready to connect?
Whether you represent a financial institution seeking USD clearing access, an investor interested in the opportunity, or a potential partner — we’d like to hear from you.
Get in touch