ClearBank, the enabler of real-time clearing and embedded banking, as we speak introduced its partnership with Airwallex, a number one international funds and monetary platform for contemporary companies.
By means of this collaboration, Airwallex will leverage ClearBank’s company banking options to boost its UK providing with digital enterprise accounts, GBP collections, and Affirmation of Payee (CoP) performance.
ClearBank has enabled the worldwide fintech to situation digital accounts and IBANs underneath its personal model identification. This reinforces Airwallex’s sturdy monetary platform, whereas additionally permitting the corporate to keep up seamless buyer branding. By means of the partnership, Airwallex can have entry to UK fee schemes, together with Sooner Funds, BACS, and CHAPS, accelerating Airwallex’s strategic objective of serving to companies simplify their international funds and monetary operations, unlock new alternatives, and develop with out limits.
The partnership is based on the businesses’ shared ambition to utilise modern know-how to convey streamlined monetary companies to extra clients in new markets. It additionally highlights a rising demand for modern monetary options that mix the flexibleness of fintech with the safety of conventional banking. ClearBank’s cloud-based method permits for environment friendly integration, enabling Airwallex to ship the options and performance companies have to make funds quicker and cheaper.
Vivien Cheung (pictured), Head of Monetary Partnerships, EMEA at Airwallex, stated, “Our precedence is to supply companies with quick, versatile and seamless monetary companies. ClearBank’s company banking resolution aligns completely with our imaginative and prescient, permitting us to boost our product providing within the UK whereas sustaining our model identification. The staff’s deep understanding of our enterprise wants and their velocity of execution have been invaluable all through the partnership growth and integration course of.”
John Salter, Chief Buyer Officer at ClearBank, added, “We’re proud to accomplice with Airwallex because the enterprise enters its subsequent section of progress. Our distinctive mixture of innovation and safety was important in supporting the premium buyer expertise that Airwallex is seeking to present. We stay up for deepening our relationship with Airwallex as we discover additional alternatives for collaboration.”
