Pursuant to Section 54 of the Modern Slavery Act 2015, this statement outlines Nexdi’s approach to modern slavery and human trafficking

Our organisation

Nexdi’s overview

Nexdi offers cross border payments to individuals (B2C) and to corporate clients (B2B). With our state of the art and cutting-edge technology customers can use web and mobile application to send, receive, and manage payments, securely and cost-effectively, all under one account. We help businesses of different shape and sizes, by offering a UK account, sort-code and IBAN. Including 35 other currencies with exchange rate. With our app you can manage your balances in real-time, you are in the control of your payments. Nexdi offer the perfect multi-currency card* for frequent travellers that can be use in over 190 countries worldwide.

The company has approximately 15 staff resources. As these staff are directly employed by Nexdi and are not considered to be in positions which are at risk of modern slavery or human trafficking, our focus is on our supply chain and to firms who provide services to us.

Our supply chain

As a financial services provider enabling our clients to engage in payment services and electronic money activities, it is sometimes more practical to work with partners and suppliers to enable the day-to-day operations of our company.

In addition, Nexdi acquires a variety of goods and services such as professional services, contractors, and consumables from third parties.

These suppliers, who range from small to medium business to multi-nationals are predominantly based within the United Kingdom, with a limited number within the European Union and further afield.

Our policies

Nexdi believe that it not only has the obligation to uphold the rights and freedoms of individuals employed directly by the company but to put in place policies to mitigate and eliminate the risk of modern slavery and human trafficking within its supply chains. These policies are reviewed on an annual basis.

This is mandatory “Know you customer” information to enable Nexdi to provide the Service to you. We collect this information via our website or mobile when you sign up or during you placing transfer order.

Our due diligence

Nexdi is committed to monitoring to prevent and detect modern slavery and human trafficking.

All suppliers are asked to complete a Supplier Due Diligence and Security Questionnaire which is accessed by the company to ensure they are compliant with the Modern Slavery Act 2015 or equivalent local law. Suppliers are required to inform us how they comply with the Modern Slavery Act 2015 and how they will notify us should they have suspicion or knowledge of modern slavery or human trafficking in connection with their contract with us.

Where Nexdi use suppliers that are not based in the United Kingdom, the jurisdictions where the suppliers are based will have legislation which indicates that modern slavery and human trafficking are a serious criminal offence.

Should a supplier fail to provide a completed Supplier Due Diligence and Security Questionnaire or be judged to be non-compliant, Nexdi will take appropriate action which may include terminating the relationship with that supplier.

Our training

The Board of Nexdi is committed to strengthen and reinforce its stance on modern slavery and human trafficking, and relevant staff receive regular compliance related training to ensure standards are kept up to date.

Nexdi have not received any reports which relate to the knowledge or suspicion of modern slavery or human trafficking within the business.

Nexdi believe an open, collaborative working environment is in the best interests of the company and where concerns or suspicions of modern slavery and human trafficking can be freely voiced by our staff and suppliers.

Nexdi will continue to evolve our approach to modern slavery and human trafficking and look forward to continuing this shared value within Nexdi.