Cloud based clearing bank ClearBank has launched a new multi-currency solution.
In Brief:
It will be used by FinTechsand financial institutions that offer cross-border and foreign exchange transactions.
ClearBank uses APIs and offers a banking-as-a-service (BaaS) model.
It’s currently used by DwP, PayPoint, Tide and more.
What does this mean?
ClearBank’s new offering means user can make international transactions more easily and at a reduced rate. It will be first used by VertoFX, a B2B currency exchange platform.
