Contis partners with ClearBank to boost banking services

End-to-end payments platform Contis has announced it is set to partner with ClearBank, the UK’s first new clearing bank in more than 250 years.

The agreement will enable them as an additional clearing channel to access UK payments, further extending the client options available within Contis’ payments platform.

Contis uses ClearBank’s real-time APIs to complement its product offering throughout the EEA incl. Faster Payments, CHAPS, BACS, Direct Debit, SEPA, pan-European Visa Issuing and in-house Visa processing.

Charles McManus, CEO, ClearBank commented: “Our proposition has been designed and built to provide a new way to deliver banking services. 

“We’re really excited to provide this service to Contis and assist them in their mission to empower corporates and the general public, by delivering innovative banking and associated payment solutions.”

As the account holder and platform provider, Contis will assume full responsibility for a customers entire processes including: account creation, KYC/AML, reconciliation, settlement, cash management and treasury.

“We are excited to be partnering with ClearBank, and both parties understand the advantages of utilising their respective leading-edge, cloud-based technologies to change the face of banking,” added Peter Cox, Executive Chairman, Contis.

“In sharing the benefits of hundreds of millions of Contis payments across multiple trusted partners, both parties will build resilience and economies of scale.