Company Information

Get to know Precise Financial Systems

Founded in 1994, Precise Financial Systems Ltd (PFS) has established itself as a leading provider of financial software solutions in Africa. The company's mission is to deliver efficient, robust, and reliable technology that addresses the operational challenges of financial institutions. PFS is best known for its suite of products including Clirec, an intelligent account reconciliation solution; iTeller, a retail banking and branch automation system; and Payit, a payment and collection platform. They serve a wide range of clients, from commercial banks and microfinance institutions to government agencies, helping them automate processes, enhance efficiency, and ensure compliance.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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Precise Financial Systems

Nigeria

Founded in

1994 (32 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.