ClearBank the enabler of real-time clearing and embedded banking, today announced its partnership with Airwallex, a payments and financial platform for businesses.
Through this collab, Airwallex will leverage ClearBank’s agency banking solution to “enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality.”
ClearBank has enabled the fintech to issue “virtual accounts and IBANs under its own brand identity.”
This reinforces Airwallex’s robust financial platform, while also allowing the company to “maintain seamless customer branding.”
Through the partnership, Airwallex will have access to UK payment schemes, including Faster Payments, BACS, and CHAPS, accelerating Airwallex’s strategic goal of helping businesses “simplify their global payments and financial operations, unlock new opportunities, and grow without limits.”
The partnership is founded on the companies’ shared goal to “utilise innovative technology to bring streamlined financial services to more customers in new markets.”
It also highlights a demand for financial solutions that combine the flexibility of fintech with the “security of traditional banking.”
ClearBank’s cloud-based approach “allows for efficient integration, enabling Airwallex to deliver the features and functionality businesses need to make payments faster and more cost-effective.”
Vivien Cheung, Head of Financial Partnerships, EMEA, Airwallex said:
“Our priority is to provide businesses with fast, flexible and seamless financial services. ClearBank’s agency banking solution aligns perfectly with our vision, allowing us to enhance our product offering in the UK while maintaining our brand identity. The team’s deep understanding of our business needs and their speed of execution have been invaluable throughout the partnership development and integration process.”
John Salter, Chief Customer Officer, ClearBank said:
“We’re proud to partner with Airwallex as the business enters its next phase of growth. Our unique combination of innovation and security was essential in supporting the premium customer experience that Airwallex is looking to provide. We look forward to deepening our relationship with Airwallex as we explore further opportunities for collaboration.”
