International funds and monetary platform for contemporary companies, Airwallex has expanded its UK providing with digital enterprise accounts, GBP collections, and affirmation of payee (CoP) performance, following a brand new partnership with ClearBank, the embedded banking and real-time clearing enabler.
The partnership was fashioned as each companies want to streamline monetary companies for extra clients. Beneath the brand new settlement, Airwallex will leverage ClearBank’s company banking answer to boost its UK providing and situation digital accounts and IBANs underneath its personal model id. This may allow Airwallex to bolster its monetary platform, whereas additionally permitting it to keep up its buyer branding.
By the partnership, Airwallex can have entry to UK cost schemes. These embrace Sooner Funds, BACS, and CHAPS. In flip, the partnership will speed up Airwallex’s strategic aim of serving to companies simplify their world funds and monetary operations, all of the whereas unlocking new alternatives for development.
Vivien Cheung, head of monetary partnerships, EMEA at Airwallex stated: “Our precedence is to offer companies with quick, versatile and seamless monetary companies. ClearBank’s company banking answer aligns completely with our imaginative and prescient, permitting us to boost our product providing within the UK whereas sustaining our model id. The group’s deep understanding of our enterprise wants and their pace of execution have been invaluable all through the partnership improvement and integration course of.”
Demand for versatile fintech
The partnership highlights a rising demand for revolutionary monetary options that mix the pliability of fintech with the safety of conventional banking. ClearBank’s cloud-based strategy permits for environment friendly integration, enabling Airwallex to ship the options and performance companies must make funds quicker and less expensive.
John Salter, chief buyer officer at ClearBank stated: “We’re proud to accomplice with Airwallex because the enterprise enters its subsequent part of development. Our distinctive mixture of innovation and safety was important in supporting the premium buyer expertise that Airwallex is seeking to present.”