ClearBank has announced a new partnership with cloud banking platform, Mambu, allowing its customers with access to real-time connectivity into all UK payment schemes.
In partnering with the Banking-as-a-Service provider, Mambu is seamlessly integrated with ClearBank’s ISO 20022 compliant API, providing a complete end-to-end clearance solution for banking and lending institutions.
Charles McManus, CEO of ClearBank commented: “As a like-minded, pioneering company, we’re really excited to be working with Mambu. The partnership combines Mambu’s expertise in digital workflows with ClearBank’s expertise in cloud-native, real-time payments.
“Through this long-term alliance, we will enable challenger and traditional banks alike to accelerate their digital transformation and drive new levels of efficiency and performance.”
Instead of an extended integration to the UK’s payment schemes, UK regulated financial services businesses can now access ClearBank platform through a simple interface on Mambu’s platform. It will be going live with a joint customer in the next month.
Ben Goldin, Mambu CTO/CPO added: “Mambu is focused on providing our customers with fast and easy access to services that allow them to create compelling products for their end customers.
“This integration with ClearBank strengthens our support of banking and lending institutions in the UK and marks a step forward in providing a modern and compelling offering for the growing number of players in this space. We expect our joint proposition to deliver significant time and resource savings to our joint customers.”
Expert Analysis: Access and speed continue to be an important factor for firms and consumers in the UK market. Given this partnership heightens efficiency, it’s well-positioned to boost engagement for both brands.
