While “shadow rails” hide behind technicalities, the French pioneer Perspecteev SAS demonstrates the power of total regulatory transparency.
The Benchmark of Trust
In an era where “Open Banking” is frequently used as a buzzword by offshore gateways to bypass traditional scrutiny, Bridge (operated by Perspecteev SAS) stands as a reminder of the framework’s original intent: security, efficiency, and consumer empowerment.
As part of our ongoing mission at RatEx42 to map the CyberFinance ecosystem, we have issued a 🟢 Low Risk (Green) signal for Bridge. Unlike the “opaque” providers recently exposed in our investigations, Bridge represents the institutional-grade infrastructure that forms the backbone of the legitimate European Fintech economy.
A History of Firsts
Bridge didn’t just join the Open Banking movement; it helped build it. Based in Paris, Perspecteev SAS was the very first entity in Europe to receive PSD2 approval from the French ACPR (Banque de France).
Holding both AISP (Account Information) and PISP (Payment Initiation) licenses, the company operates with a level of oversight that “shadow” providers simply cannot match. Every transaction initiated via Bridge is subject to the rigorous security standards of the French banking system, ensuring that funds move with full auditability.
Institutional Backing: The Difference-Maker
One of the most significant indicators of Bridge’s low-risk profile is its ownership and partnership structure. In its recent Series A funding, the company secured backing from:
- Groupe BPCE: France’s second-largest banking group.
- Truffle Capital: A leading European venture capital firm focused on Fintech.
When a provider is backed by a Tier-1 banking group, it isn’t just a financial investment—it is a validation of their AML/CFT protocols and technical integrity.
[BOX OUT SECTION] Why Bridge is “Green-Listed”
- Verified Licensing: Fully transparent on the REGAFI register (#16918).
- B2B Focus: Services legitimate accounting leaders like Sage and Pennylane.
- Consent-Driven: Strict adherence to GDPR and SCA (Strong Customer Authentication).
- Full Profile: https://listings.ratex42.com/listings/perspecteev-sas-bridge/
The Contrast: Infrastructure vs. “Dark Rails”
For compliance officers and merchants, the lesson is clear. Legitimate providers like Bridge do not need to rotate IBANs or hide their UBOs. They operate in the light, providing a “rail” that is both fast and legally sound.
While platforms like SegoPay (see our recent investigative report) leverage similar technology to facilitate high-risk iGaming, Bridge maintains a strictly vetted merchant base, proving that Open Banking can—and should—be the gold standard for secure finance.
R42 Editor’s Note
For a side-by-side comparison of how Bridge’s compliance protocols differ from high-risk providers, visit our [Compliance Comparison Portal] on listings.ratex42.com.
