Latest news with #real-time clearing
Finextra
18 hours ago
- Business
- Finextra
Clearbank enters channel relationship with Algbra
ClearBank, the enabler of real-time clearing and embedded banking, today announces its first channel partnership with leading ethical FinTech, Algbra, to provide its trusted technology and services as part of Algbra Labs' Fintech-As-A-Service offering. 0 Through the partnership, Algbra will be able to offer ClearBank's agency banking, faster payments and virtual account services to customers on its platform, helping them to expand their reach without having to reinvent backend infrastructure. The new solution will be built into Algbra's existing offer, providing end-to-end service capabilities to customers that will differentiate it from competitors. ClearBank has worked closely with Algbra to create an innovative, tailored solution that is integrated into its API platform and leverages the UK's next-gen payments rails and open banking architecture. The service will be immediately available to both financial and non-financial institutions and corporate clients through Algbra, allowing them to use ClearBank's cloud-based systems to benefit from faster payments and accounts. The partnership is the first that ClearBank has introduced since launching its channel partner model in early 2025. It aims to select a core group of non-competitive partners with complimentary services, through which it can offer additional banking and payments solutions. Following the launch of the solution, the companies plan to continue their collaboration to create a combined service for their customers. ClearBank will also increase its strategic support for Algbra, providing assistance with the sales and marketing of its products on the Algbra platform. Nick Ford, Head of Channels & Alliances at ClearBank, said: 'Our first channel partnership is an exciting step in the expansion of our services, providing extra ways for us to unlock our clients' potential. From start to finish, we have found our values have closely aligned with Algbra's, with our shared technology-first approach and desire to bring world-class financial services to all. We hope that this is the first of many channel partnerships that will help us to support more non-competitive fintech providers across the UK and Europe.' Tom Mason, Chief Business Officer at Algbra Group, said: "We consider ClearBank an extension of our team. Our channel partnership means that we are equipped to offer our B2B and B2C clients best-in-class banking services including fully regulated business and customer accounts, and safe, secure real time payments giving them a competitive edge in the UK's £213.6bn revenue-generating fintech ecosystem. We get all the benefits of being a major bank without the administration or overheads'.
Finextra
04-08-2025
- Business
- Finextra
PingPong gets onboard with ClearBank
ClearBank, the enabler of real-time clearing and embedded banking, has today announced its partnership with PingPong, the leading provider of embedded cross-border payment solutions for enterprises, financial institutions, and SaaS companies. 0 Through this collaboration, PingPong will leverage ClearBank's local agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality. ClearBank's cloud-based solution will allow PingPong to issue virtual accounts and IBANs under its own brand identity. PingPong will also now have near real-time access to UK payment schemes, including Faster Payments, BACS, and CHAPS, strengthening its mission to simplify global commerce by providing efficient, secure, and cost-effective payment solutions. The partnership will provide it with the potential for further European expansion using ClearBank's European banking licence, as both companies aim to deliver on their key strategic goal of continued international growth. PingPong's choice of ClearBank demonstrates its emerging position as the preferred provider for major fintechs looking to enhance their local payment capabilities across the UK and European region. ClearBank sees international markets as a priority for expansion, with rapidly evolving payments ecosystems aligning well with ClearBank's technology-driven approach. Alex Young, FI Partnerships Lead at PingPong, said: "ClearBank's agency banking solution enhances our comprehensive portfolio of services and capabilities for enterprise businesses. It provides clients with direct scheme access to FPS, BACS, and CHAPS, eliminating intermediary banks and enabling faster, more transparent cross-border payments. This direct access delivers three critical advantages for our global enterprise clients: richer data transmission, improved system interoperability, and greater control over transaction flows. As we pursue our global growth aspirations, ClearBank's scalable infrastructure can act as a gateway into Europe, enabling us to replicate these benefits across multiple markets." Mark Fairless, CEO of ClearBank, said: 'We are proud to have been chosen as a trusted partner to help PingPong deliver its international growth plans. PingPong is one of the most successful cross-border payments businesses and its choice of ClearBank's agency banking capabilities to support its expansion in the UK market is testament to the efficiency, reliability and security of our API-based services. As ClearBank expands across Europe, we are excited to see this partnership grow and to support more companies in accessing the region to ease the flow of payments between the continents.'
Finextra
31-07-2025
- Business
- Finextra
ClearBank appoints David Samper as group CFO
ClearBank, the enabler of real-time clearing and embedded banking, today announced the appointment of David Samper as Group Chief Financial Officer. 0 Samper will lead the organisation through its European expansion, as well as its next phase of international growth. He succeeds Mark Fairless, who was appointed as Group Chief Executive Officer in March, having previously served as Group CFO since 2023. A seasoned executive with 30 years of experience in financial services across both private and public companies in the UK and overseas, as well as in retail and commercial banking, Samper has significant experience in M&A and strategic finance. He joins ClearBank from Newcastle Building Society, where he served as Group Chief Financial Officer. At Newcastle Building Society, he led a transformative growth strategy that doubled the Society's assets and delivered the successful merger with Manchester Building Society. His earlier career included senior finance roles at Sainsbury's Bank and Natwest Group. Samper brings a strong background in strategic finance, capital markets, investor relations, regulatory engagement, and technology transformation, all critical to supporting ClearBank's continued growth trajectory. His appointment follows ClearBank securing a Credit Institution Licence from the European Central Bank, under the supervision of De Nederlandsche Bank, a key milestone in the bank's internationalisation strategy. Launched in 2017, ClearBank has become one of the UK's leading fintech and embedded banking infrastructure providers. It serves clients such as Revolut, Tide, Chip, TrueLayer, Coinbase, Raisin and Airwallex. The bank has 'passported' into 15 European markets in the past year, with group fee-based income having increased 63% to £53.3m in 2024, and the UK business posted pre-tax profits for the second year running*. Mark Fairless, CEO of ClearBank, said: 'I'm thrilled to have someone of David's experience and calibre join the business. His deep expertise across finance, strategy and regulation, spanning both public and private sectors, brings tremendous strength to our leadership team. As we scale to unlock our clients' potential, his contribution will be key to ClearBank's next phase of international growth'. David Samper, CFO at ClearBank, said: 'ClearBank's reputation for technological innovation, best-in-class regulatory compliance and a strong growth strategy makes it one of the most exciting financial services businesses to be a part of. I'm delighted to be joining at such a pivotal time and look forward to supporting the next phase of growth in the UK and abroad.'
