ClearBank

About

ClearBank operates as a Banking-as-a-Service provider, offering a cloud-based API that allows financial institutions, including fintechs, banks, and credit unions, to access real-time payments and various banking products. The platform is intended to meet the requirements of different sectors, such as merchants and legacy banking systems, by providing regulated banking infrastructure and accounts protected by the Financial Services Compensation Scheme (FSCS). ClearBank's objective is to assist financial institutions in expanding within a competitive market by supplying tools and support for payment processing and customer service. The company employs dedicated relationship managers and emphasizes security to address risks associated with traditional banking systems.