ClearBank
ClearBank is a cloud-based clearing bank that offers a full range of Banking-as-a-Service solutions to regulated institutions.
ClearBank was co-founded by the PPF Group in 2017 with the aim of enabling an open and competitive banking marketplace. Prior to its conception, the payments industry had undergone a period of consolidation and was predominantly serviced via four traditional banks. As a result, there was a lack of innovation in the sector and any real drive to change.
ClearBank is the first clearing bank in the UK to design its entire IT system as a greenfield project. This unique approach has enabled it to build its systems free from legacy constraints and predominantly in the Cloud, to truly transform the banking experience.
ClearBank understand that consumers expect their payments and transactions to be processed immediately, successfully and in ways that meet their individual needs. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers. Together, meeting the demands of the next generation of consumers and businesses.
ClearBank has a full UK banking license and is regulated by the Bank of England, Prudential Regulation Authority, Financial Conduct Authority and Payment Services Regulator.
Highlights
- Supporting 80+ financial institutions on its payment’s platform
- Won ‘Pioneer of the Year’ at British Bank Awards 2020
- Named ‘Most Disruptive Financial Services Technology’ by FStech Awards 2020
- Featured in Sifted’s Top European FinTechs to follow in 2020
- Voted Number 1 FinTech Disrupter of 2019 by BusinessCloud
- ClearBank, in partnership with Tide granted £60 million from RBS Alternatives Remedies Package
- The first UK clearing bank with a purpose-built, integrated core banking technology system, and an API developed in accordance with ISO 20022
- ClearBank has a ground-breaking partnership with Microsoft, with its technology running on Microsoft’s
ClearBank: Management as of 1st April 2020
Board of Directors | David Gagie – Chair and Independent Non-Excutive Director |
Charles McManus, Group CEO & Executive Director | |
Marc Jenkins, Executive Director | |
Shonaid Jemmett-Page, Senior Independent Director & Chair of Audit Committee | |
Catherine Doran, Independent Non-Executive Director & Chair of Risk Committee | |
Phil Kenworthy, Independent Non-Executive Director | |
Stan Spavold, Investor Director (CFFI) | |
Mel Carvill, Investor Director (PPF) | |
Nick Ogden, Founder & Investor Director | |
Executive Assistant |
Charles McManus, Group CEO & Executive Director |
James Hopkinson, Chief Financial Officer | |
Nigel Walder, Chief Operating Officer | |
Simon Jones, Chief Customer Officer | |
Philip House, Chief Governance and Legal Officer | |
Alex Gibbons, Chief Internal Auditor | |
Nadine Adams, Head of HR |
Ownership Structure
The two major shareholders are PPF Group N.V. through PPF Financial Holdings B.V. and CFFI UK Ventures. The remaining stake is held by ClearBank’s management and other minority shareholders
ClearBank Ltd.
133 Houndsditch
London EC3A 7BX
United Kingdom
Phone: +44 (0) 203 111 2370
customersupport@clear.bank
press@clear.bank
www.clear.bank