ClearBank® today is announcing its intention to apply for the Alternative Remedies Package to be implemented by Banking Competition Remedies Ltd. Building on state-of-the-art infrastructure, ClearBank® is committed to improving SME outcomes in the UK by leveraging innovative partnerships with leading technology and financial services providers in accordance with our white label banking model. ClearBank® is committed to improving its business current account offering as part of this transactional banking white label solution.
ClearBank® is a bank that provides clearing services for UK financial institutions. ClearBank® is an innovative start-up, the first new clearing bank to be created in over 250 years, and only the fifth clearing bank operating in the UK.
ClearBank® was built as a start-up; its founder is Nick Ogden, a well-known serial entrepreneur in fintech who founded WorldPay. The bank’s Chief Executive is Charles McManus, formerly Chief Financial Officer at RBS Ulster Bank and the Royal Bank of Canada.
Published 29 Nov 2018