Press30th September 2019

Payen and ClearBank Announce Partnership

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Award winning FinTech company, Payen, are delighted to have partnered with ClearBank, the first new clearing bank in 250 years, to create new generation business bank accounts for small to medium sized enterprises.

ClearBank offers clearing and agency banking services to financial services providers, FCA-regulated businesses and FinTech’s. Built from scratch, ClearBank is neutral, independent and unencumbered by legacy infrastructure, enabling clients such as Payen to offer real-time payments and innovative banking services.

Payen’s partnership with ClearBank will provide access to a range of services from ClearBank’s world-leading API, including seamless access to real-time payment services across BACS, CHAPS and Faster Payments. In addition, through the partnership, Payen will offer a combined service that will include: a bank account; a payment gateway; and FX services to their business customers.

Alexander MacAngus, CEO of Payen said:

Payen is delighted to enter into this strategic partnership with ClearBank, a company with a strong focus on innovation which combined with our Payment and FX solutions, offers our business customers a compelling proposition.”

Charles McManus, CEO of ClearBank added:

“It’s a real pleasure for us to announce this partnership with Payen. As a business that shares our approach to technological advancement in financial services, we look forward to working together to enable Payen to offer its customers new generation business bank accounts.”

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