Tagged: charles mcmanus

March 28, 2024 @ 8:53 am By Omar Faridi  |  

Clearbank is now a member of the Digital Pound Foundation’s (DPF) community. ClearBank joins the Foundation as “an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.” As a member, ClearBank will have “the opportunity to… Read More

March 6, 2024 @ 8:31 am By Omar Faridi  |  

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

February 15, 2024 @ 10:58 am By Omar Faridi  |  

ClearBank Ltd., the enabler of real-time clearing and embedded banking for financial institutions, announces its partnership with digital investment platform Wealthify, which has enabled the company to launch its first Instant Access Savings Account. The partnership allows Wealthify to “provide this innovative savings account to… Read More

October 22, 2023 @ 3:11 pm By JD Alois  |  

Jonny Fry has been selected to lead ClearBank‘s digital asset strategy, according to the digital bank. ClearBank is a fully licensed bank that also offers its tech stack to other financial services firms. Fry was previously CEO of TeamBlockchain and publisher of Digital Bytes. The… Read More

September 15, 2023 @ 10:47 am By Omar Faridi  |  

ClearBank Ltd., an enabler of bank accounts, real-time clearing, and embedded banking for financial institutions, presents its unaudited H1 2023 results. The bank saw “a 144% YoY increase in revenues from £20.2m in H1 2022 to £49.3m in H1 2023.” Over the same period, customer… Read More

June 10, 2023 @ 12:28 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced its partnership with Allica Bank, the fintech challenger bank dedicated to supporting established UK small and medium businesses. Allica Bank was founded “to serve established UK SMEs (businesses with 10-250 employees)… Read More

April 21, 2023 @ 3:19 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently announced that it has appointed Spiros Theodossiou as Chief Product Officer (CPO). An industry figure “with over 20 years of experience, Spiros previously served as CPO at cloud accounting platform DEXT.” Before… Read More

April 5, 2023 @ 6:57 am By Omar Faridi  |  

The Embedded Banking provider announces full-year results “including 46% increase in transaction volumes and 22% growth in customers.” ClearBank Ltd., enabler of bank accounts, real-time clearing, and Embedded Banking for financial institutions, presents “the results from its 2022 Annual Report revealing the bank nearly tripled… Read More

November 25, 2022 @ 10:51 am By Omar Faridi  |  

ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, announced that it has “reached profitability.” ClearBank Ltd. has “generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.” The fintech bank “has nearly tripled… Read More

October 28, 2022 @ 7:42 am By Omar Faridi  |  

Raisin, which claims to be the global leader for the savings and investment market, has announced the migration of its UK platform ClearBank, the “enabler of secure accounts, real-time clearing, and embedded banking for financial institutions.” ClearBank will “underpin the FSCS protected account Raisin UK… Read More

September 24, 2022 @ 6:38 pm By Omar Faridi  |  

ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, announced its integration with Fondy, a one-stop payment platform, “to provide ecommerce companies with an efficient, easy-to-implement shop payment solution.” This solution will “allow companies to manage and control their money flow… Read More

July 15, 2022 @ 11:46 am By Omar Faridi  |  

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that it has been selected by Kroo “to provide access to all UK payment schemes as well as accounts for its operational funds.” Kroo recently “secured a full UK banking… Read More

June 7, 2022 @ 9:05 am By JD Alois  |  

Ziglu, a UK-based e-Money institution and crypto platform, has announced a partnership with  ClearBank, a “cloud-based clearing bank.” ClearBank is regulated by the UK Financial Conduct Authority and the Prudential Regulation Authority. According to a company statement, Ziglu will be utilizing ClearBank’s platform to provide… Read More

March 21, 2022 @ 8:19 am By JD Alois  |  

ClearBank, a Fintech that is licensed by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, has raised £175 million in equity capital at an undisclosed valuation, according to a company statement. The new capital was led by funds advised by Apax Digital,… Read More

February 11, 2022 @ 8:44 am By Omar Faridi  |  

WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

October 6, 2021 @ 10:54 am By Omar Faridi  |  

ClearBank, the Cloud-powered clearing bank, has announced the launch of a multi-currency solution that will aim to lower the friction for Fintech firms and financial institutions that provide cross-border payments and FX capabilities. ClearBank’s API-driven tech and Banking-as-a-Service (BaaS) capabilities have created seamless payment solutions… Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More