ClearBank joins Insurtech UK Trade Association as its first Banking Services Partner
ClearBank has today announced that it has joined Insurtech UK as the association’s first Banking Services Partner. As partners, ClearBank and Insurtech UK, will work together to accomplish their shared ambition of driving innovation within the insurance industry.
The Insurtech UK alliance was established in 2018, to act as a collective voice for founders of some of the most innovative and technology-driven insurance companies in the UK. Over the past twelve months the alliance has gained momentum, attracting 69 Members, along with 8 Associate Members and now, 19 Partners.
ClearBank is purpose built to support a variety of financial institutions by providing its clients with access to the UK’s clearing system via an ISO 20022 compatible RESTful API. ClearBank’s API seamlessly integrates with core banking systems for real-time access to payment schemes and banking services.
Charles McManus, CEO of ClearBank:
“As a rapidly growing sector in the UK economy, we’re excited to add our support to Insurtech UK and are particularly pleased to be joining the alliance as their first Banking Services Partner. Our partnership will allow us to share our expertise and collaborate with the likeminded and innovative Members of the alliance.”
Niall Barton, Chair of Insurtech UK:
“As the first new clearing back in 250 years, ClearBank’s technology is transforming the clearing and agency banking landscape, bringing the innovation that Insurtechs demand. We look forward to working closely with our new partner to create new opportunities for our members.”