DPR and ClearBank team up with an integrated partnership
DPR, the established provider of core banking technology, and ClearBank, the first new clearing bank in more than 250 years have today announced the completion of their integrated partnership.
The integration combines DPR’s recently launched enhanced platform for retail and business savings with ClearBank’s real-time, multi-scheme, single channel APIs. DPR’s clients, which range from established banks through to building societies, now benefit from a greater choice in their agency banking provider, whilst ClearBank’s clients in turn, benefit from access to DPR’s next generation core banking system.
Launched in July, DPR’s new platform provides a comprehensive, flexible, and fully branded online application and account servicing platform for retail and business savings, featuring digital capability that can on-board and provide core banking for savings customers across multiple channels and offering providers the ability to launch and manage multiple account types. The platform has been designed to embrace the rise of Open Banking and APIs, and the next generation of banking technology.
ClearBank provides its clients with access to the UK’s clearing system via an ISO 20022 compatible RESTfulAPI. ClearBank’s ISO 20022 compliant API seamlessly integrates with core banking systems for real-time access to products and services. Through one simple interface, ClearBank provides connectivity into payment schemes, in addition to other services such as account management and data management, all in house.
Dave Patel, co-founder and CEO of DPR said: “We’ve been working on a number of Open Banking and API initiatives to support our clients.We’ve found a long-term partner in ClearBank to bring real-time banking and payment services to our existing client base. Having completed our initial integration for one client, we’re really pleased to be able to extend this integration to all customers of our enhanced banking platform.”
Charles McManus, CEO of ClearBank added: “ClearBank recognises the important strategic role that core banking providers play for financial institutions across the spectrum. We are delighted to be partnered with DPR, one of the most respected providers in the industry, for fully integrated origination and servicing solutions.”