Nationwide and ClearBank announce partnership

Nationwide and ClearBank announce partnership
23.07.2019 02:01 pm

Nationwide and ClearBank announce partnership


ClearBank and Nationwide, the world’s largest building society, have today announced their partnership as the Society prepares to launch a game-changing business current account for Britain’s 5.6 million small businesses.

The partnership with ClearBank will enable the Society to deliver on key milestones on the journey to launching its business current account proposition early next year. Nationwide will benefit from ClearBank’s state-of-the-art payments platform that is ready for the increasing demand for electronic payments. This will deliver seamless access to real-time payments services, such as faster payments.

Simon Hamilton, Managing Director of Nationwide for Business, said:

“Our partnership with ClearBank will ensure our new proposition benefits from a state-of-the-art payments platform that is ready for the increasing demand for electronic payments. ClearBank is the first new clearing bank in 250 years and purpose built to avoid the constraints of legacy systems.”

Charles McManus, CEO of ClearBank said:

“As one of the most well-regarded financial services brands in the market, we are incredibly proud to partner with Nationwide on this initiative. We look forward to working together to enable Nationwide for Business customers to benefit from ClearBank’s state-of-the-art, cloud-based payments platform – providing this historically underserved market with a greater choice of banking services.”

Related News

Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore

Money20/20No, not the year 2020 but perfect, 20/20... Read more »

Shawbrook Bank wins competitive process to provide UK’s largest tomato supplier with £25m bespoke funding package

Specialist SME lender Shawbrook Bank has successfully completed its largest ever working capital transaction in the North West, providing APS Group with a £25m bespoke funding... Read more »

Bankable Announces Strategic Global Partnership with Plaid

Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions... Read more »

Over half of ATMs to offer automated deposit by 2024

Banks around the world continue to upgrade their self-service estates to meet increasing customer demand for efficient, real-time deposit transactions

... Read more »

Union Bank© Partners with FIS for Next Generation Banking Technology

 Union Bank and global technology leader FIS™ (NYSE: FIS)... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel