Press9th June 2020

ClearBank and Mambu partner to provide customers with integrated clearance solution

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ClearBank, the Banking-as-a-Service provider and Mambu, the leading cloud banking platform today announced a partnership that allows Mambu’s customers real-time connectivity into all UK payment schemes.

Mambu is seamlessly integrated with ClearBank’s ISO 20022 compliant API, providing a complete end-to-end clearance solution for banking and lending institutions. The integration, which has been rigorously tested, provides the fastest connection to UK payment schemes in the market.  

Instead of a months-long integration to the UK’s payment schemes, UK regulated financial services businesses can now access ClearBank services through a simple interface on Mambu’s platform. The service will be going live with a joint customer in the next month.

Charles McManus, CEO of ClearBank said:  “As a like-minded, pioneering company, we’re really excited to be working with Mambu. The partnership combines Mambu’s expertise in digital workflows with ClearBank’s expertise in cloud-native, real-time payments. Through this long-term alliance, we will enable challenger and traditional banks alike to accelerate their digital transformation and drive new levels of efficiency and performance.”

Ben Goldin, Mambu CTO/CPO said:  “Mambu is focused on providing our customers with fast and easy access to services that allow them to create compelling products for their end customers. This integration with ClearBank strengthens our support of banking and lending institutions in the UK and marks a step forward in providing a modern and compelling offering for the growing number of players in this space. We expect our joint proposition to deliver significant time and resource savings to our joint customers.”

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