Terms of Service
Agreement for using Bankors
Welcome to Bankors. These Terms of Service govern your use of our financial management platform, including Letters of Credit, Letters of Guarantee, Loans, Bank Facilities, Oracle Fusion integration, and related features. By using Bankors, you agree to be bound by these terms.
Service Description
What Bankors provides
Bankors offers a comprehensive financial management platform for corporate banking operations. Our services include LC and LG lifecycle management, loan scheduling and tracking, bank facility oversight, automated accounting entries, Oracle Fusion integration, and built-in compliance and audit trails. We reserve the right to modify, suspend, or discontinue any part of our services with reasonable notice.
Acceptable Use
Proper use of the platform
You agree to use Bankors only for lawful business purposes related to corporate banking operations. You shall not use the platform for fraud, money laundering, or to violate any applicable laws or regulations. You are responsible for the accuracy of financial and banking data you submit. Misuse may result in account suspension or termination.
Fees and Payment
Subscription and billing terms
Subscription fees are billed according to your selected plan (Basic, Standard, or Enterprise). You are responsible for timely payment of all fees. We may update pricing with advance notice. Refund policies are outlined in your subscription agreement. Failure to pay may result in service suspension.
Account Registration and Eligibility
Who can use Bankors
Bankors is offered to enterprises, financial institutions, and authorized representatives acting on their behalf. To register, you must provide accurate company information, designate an authorized administrator, and confirm you have the legal authority to bind your organization. You are responsible for maintaining the confidentiality of your credentials and for all activity under your account.
Intellectual Property
Ownership of platform and content
All software, designs, trademarks, documentation, and content of the Bankors platform are owned by Bankors or its licensors and are protected by intellectual property laws. You receive a limited, non-exclusive, non-transferable license to use the platform for your internal banking operations during your subscription. You may not copy, modify, reverse engineer, or resell any part of the platform without our written consent.
Confidentiality
Mutual confidentiality obligations
Both Bankors and the customer agree to protect each other confidential information — including financial data, banking instructions, pricing, technical details, and business plans — and to use it only for the purpose of delivering or using the services. Confidentiality obligations remain in force during the subscription and for five years after termination, except where disclosure is required by law or regulation.
Disclaimers and Warranties
Service is provided as is
Bankors provides the platform on an as-is and as-available basis. While we apply enterprise-grade reliability and security practices, we do not warrant that the service will be uninterrupted, error-free, or that it will meet every specific requirement. Bankors is not a bank and does not provide banking, legal, accounting, or financial advice — final approval and execution of any banking instrument remains with your authorized signatories and your bank.
Limitation of Liability
Caps on damages
To the maximum extent permitted by law, Bankors and its affiliates shall not be liable for indirect, incidental, special, consequential, or punitive damages, or for loss of profits, revenue, data, or business opportunities. Our total aggregate liability arising out of or related to the service shall not exceed the fees paid by you to Bankors in the twelve months preceding the event giving rise to the claim.
Termination
How either party may end the agreement
Either party may terminate the subscription at the end of the current term by providing written notice as described in your order form. We may suspend or terminate your access immediately if you breach these terms, fail to pay fees, or use the platform in a way that puts us, our customers, or banking partners at risk. Upon termination you may export your data for a limited period, after which it will be deleted in line with our data retention policy.
Governing Law and Dispute Resolution
Applicable law and jurisdiction
These terms are governed by the laws specified in your order form, and any dispute arising from or relating to these terms or the service shall first be addressed through good-faith negotiation. If a resolution cannot be reached, disputes shall be referred to binding arbitration or to the competent courts of the jurisdiction stated in your order form. Nothing in this clause prevents either party from seeking urgent injunctive relief.
Contact Us
Questions about these terms
If you have any questions about these Terms of Service, need to report a violation, or want to discuss enterprise terms for your organization, please contact our legal team at legal@bankors.com. For general inquiries, you can also reach us through the Contact Us page on our website.