Banking News

ClearBank Unveils Multi-Currency Solutions for FinTechs

ClearBank Unveils Multi-Currency Solutions for FinTechs

(06 October 2021 – United Kingdom) The United Kingdom’s (UK) leading cloud-based clearing bank has launched a new multi-currency solution designed to reduce friction for Financial Technology (FinTech) companies when making cross-border foreign exchange (FX) payments.

ClearBank uses its Application Programming Interface (API) technology and Banking-as-a-Service (BaaS) capabilities to create seamless payments for institutions and providers. The technology can be easily integrated into existing multi-currency platforms.

VertoFX, a Business-to-Business (B2B) currency exchange platform, is the first provider to use ClearBank’s latest value proposition.

“We’re delighted to be beginning our journey towards ensuring seamless cross-border payment solutions and to have VertoFX as our first multi-currency customer” commented ClearBank CEO, Charles McManus.

“Our contribution to the payments landscape in Sterling has already been incredibly positive and influential, and we’re confident our new, multi-currency offering can continue this notion and meet the demands of the next generation of consumers and businesses and simplify foreign exchange” he also added.

“We have successfully offered our customers Sterling accounts through our partnership with ClearBank and are glad to once again partner with them to launch full-fledged multi-currency accounts to help power the global ambitions of our customers” commented VertoFX CEO, Ola Oyetayo.

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