Mambu & ClearBank to offer users with connectivity to UK payment schemes

By Megha Bhattacharya

Cloud banking platform, Mambu has teamed up with Banking-as-a-Service provider ClearBank today in a bid to offer the former’s customers with access to real-time connectivity into all UK payment schemes. The integration between the companies is expected to provide an end-to-end clearance solution for banking and lending institutions and provide fast connections to the UK payment schemes in the market.

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.”

According to Mambu, the integration will allow UK regulated financial services businesses to access ClearBank’s services through Mambu’s platform. The companies have stated that the service will be going live with a joint customer in the next month.

Recently, Mambu entered into a partnership with Swiss FinTech NetGuardians. The collaboration will enable NetGuardians to offer its fraud mitigation software to the former’s clients for core banking integration.

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.”