London based Clear Junction, a Payments Solution Provider, to Offer Banking Solutions to Gibraltar’s Turicum Private Bank

London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR.

Turicum Private Bank is a privately-owned banking institution and wealth management firm that’s headquartered in Gibraltar. It has been offering various financial services to private clients and high-net-worth individuals (HNWIs) since 1993.

The partnership with Turicum should help Clear Junction with further expanding its operations. The company supports international banking institutions and other financial services providers with different types of banking and payments products.

Clear Junction’s virtual payments solution has been developed using proprietary technology, effective risk management controls and a large network of banking and payments partners located in countries across the globe.

As a licensed business, Clear Junction’s solutions have been developed to offer banks and financial institutions with convenient access to the payment infrastructures they require to conduct their business operations. The Clear Junction correspondent account service offered to Turicum will allow access to various payment rails like SEPA Instant and Faster Payments.

Andreas Businger, CEO of Turicum Private Bank, stated:

“Being able to rely on efficient payment partners to better serve our range of sophisticated clients is of paramount importance. The fact that some of our clients already benefit from the global payment solutions provided by Clear Junction naturally led to our considering a collaboration. We trust that this partnership will allow us to continue sending and receiving cross-border payments as efficiently as possible for our customers.”

Dima Kats, Chief Executive of Clear Junction, remarked:

“Clear Junction is delighted to help Turicum in realising their business growth ambitions. Adding another bank to our growing portfolio of banks, remittance operators and investment platforms is testament to the quality service we provide and we look forward to a long and fruitful relationship that helps them better serve their clients.”

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