Thistle Initiatives, part of the Thistle Group is pleased to announce its partnership agreement with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, “as its first trusted client compliance partner. ”
As ClearBank’s partner, Thistle Initiatives provides support “on matters including, but not restricted to, FCA applications, compliance support, regulatory due diligence, and financial crime prevention.”
Additionally, Thistle Initiatives has been “chosen by ClearBank as an approved AML compliance auditor to its clients, recognizing Thistle as a leader in the financial services industry, for its commitment to excellence and accuracy in AML compliance.”
Sophie Long, CEO of the Thistle Group said:
“We have worked closely with ClearBank for a number of years and it is fantastic for the recognition of our partnership to be formalised under this agreement. Thistle Initiatives has supported financial services firms for over 10 years as a reliable compliance and regulatory advisor, and the partnership with ClearBank underlines our commitment to regulatory excellence, alongside providing bespoke solutions to a wide range of financial services businesses.”
Jennifer Heathfield-Lee, Head of Partnerships for ClearBank, said:
“Sophie and the team at Thistle Initiatives have been very highly commended by several mutual clients in our work together. There are so many synergies to our businesses – not least of which is being innovative and putting the needs of our clients first and foremost. I’m thrilled that we’re able to formalise our partnership in this way.”
As covered last month, Shonaid Jemmett-Page reportedly takes the place of David Gagie as Chair of UK Board of Directors ClearBank, the enabler of real-time clearing and embedded banking for financial institutions.
The Fintech company confirmed in a blog post that “subject to regulatory approval, it has appointed Shonaid Jemmett-Page as Chair of the UK Board, following the departure of David Gagie.”
David has been Chair of the UK Board “since 2018 and has been instrumental in the growth of the organisation to date, with his experience being pivotal in leading the Board.”
Shonaid has been “a part of ClearBank’s UK Board as senior independent director since its early establishment in 2017.”
She is an experienced director “with extensive business leadership experience in the financial services, sustainability and digital sectors.”