Infrastructure

ClearBank® is the UK’s first new clearing bank in more than 250 years, bringing open competition and transparency to the UK market. It is the first modern clearing bank in the UK to design its entire IT systems as a green field project.

This unique approach has enabled ClearBank® to build systems free from legacy constraints with technology that transforms the banking experience, making transactions faster, more efficient and more cost effective for everyone.

ClearBank® is built on a state-of-the-art platform specifically designed to deliver clearing services. It is connected to all UK payment schemes and was designed in accordance with ISO 20022. Free from the limitations of years of legacy IT infrastructure, we will transform the agency banking experience.

ClearBank® offers:

  • Market-leading service levels, system resilience, speed to market and security
  • A cloud-based, globally scalable platform
  • Time, cost and efficiency savings via built-in straight through processing
  • Quick and easy integration via API, allowing a single connection to multiple payments options
  • A secure banking platform that can be white labelled and adapted as required
  • Rapid deployment of sort code based open market services for financial service providers, FCA-regulated businesses and Fintech

Find out how our IT works.
Click here to watch our video.

* Application Programming Interface

The ClearBank® technology stack

The ClearBank® platform was designed and built in accordance with ISO 20022, and is based around technology which offers:

  • Supported packages with clear life-cycles defined
  • Interoperability between packages/technologies
  • Standardisation of coding languages across multiple platforms and channels
  • Security built in as a priority from the start
  • Scalability and flexibility

Once you've opened your current account, you are licensed to use our infrastructure.