Thistle Initiatives and ClearBank announce strategic collaboration

Thistle Initiatives, part of the Thistle Group is delighted to announce its partnership agreement with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, as its first trusted client compliance partner.  

As ClearBank’s partner, Thistle Initiatives provides support on matters including, but not restricted to, FCA applications, compliance support, regulatory due diligence, and financial crime prevention. Additionally, Thistle Initiatives has been chosen by ClearBank as an approved AML compliance auditor to its clients, recognising Thistle as a leader in the financial services industry, for its commitment to excellence and accuracy in AML compliance."

Commenting on the strategic partnership, Sophie Long, CEO of the Thistle Group said:  

“We have worked closely with ClearBank for a number of years and it is fantastic for the recognition of our partnership to be formalised under this agreement. Thistle Initiatives has supported financial services firms for over 10 years as a reliable compliance and regulatory advisor, and the partnership with ClearBank underlines our commitment to regulatory excellence, alongside providing bespoke solutions to a wide range of financial services businesses." 

Jennifer Heathfield-Lee, Head of Partnerships for ClearBank, said: “Sophie and the team at Thistle Initiatives have been very highly commended by several mutual clients in our work together. There are so many synergies to our businesses – not least of which is being innovative and putting the needs of our clients first and foremost. I’m thrilled that we’re able to formalise our partnership in this way.”