ClearBank, the enabler of real-time clearing and embedded banking, has today announced a new partnership with Fiat Republic that will significantly improve how businesses and financial institutions access euro payments across Europe.

Through the partnership, Fiat Republic becomes the first client to go live on ClearBank’s new SEPA Indirect product. The solution enables clients like Fiat Republic to offer their customers their own virtual IBANs issued by ClearBank, and operate under their own BICs, allowing them to retain their brand and customer experience while accessing SEPA payments. ClearBank manages scheme access and settlement, thereby removing the complexity of becoming a direct participant, with clients still benefiting from faster access to euro payments, greater reliability, and a more seamless cross-border payments experience.

The launch is the first of several new products ClearBank plans to introduce in Europe this year, supporting its broader European growth strategy. The SEPA Indirect model is built with the highest standards of resilience and compliance, as existing ClearBank products, supporting financial institutions seeking faster, reliable and secure entry to European payment schemes. 

The implementation was delivered through close collaboration between the two companies, with a shared focus on regulatory alignment, technical integration and operational readiness. With the service now live, both organisations plan to continue expanding payment capabilities and supporting customers as their needs evolve.