Case Studies

How we use Cledara at Railsbank

September 02, 2020 | FinTech
How we use Cledara at Railsbank

Railsbank was one of our earliest customers and we’ve had the good fortune to grow with them. They first started using Cledara when Railsbank was just 20 people. Now, Railsbank is one of the leading fintech companies in Europe, having recently launched in the US and Singapore and received investment from Visa.

Railsbank, not only manages their SaaS through Cledara, they also use Cledara to streamline compliance with SOC2 and ISO27001, essential for their enterprise customers and banking partners. 

We recently sat down to speak to Sadie McBlain —Railsbank’s Financial Controller — to find out how they use Cledara.

What is Railsbank?

Railsbank is an API and cloud based open banking platform enabling any company or brand to become a fintech. The Railsbank platform is designed for developers and product managers to rapidly conceptualise, prototype, launch and scale financial services products, whether in one country, or globally. Enabling customers to innovate and deliver virtually any financial product use-case at speed is core to Railsbank.

How do you use Cledara at Railsbank?

We have implemented a 'Cledara Policy' whereby the team - if they need to spend or access to spend - are invited onto the Cledara platform, and we can see what’s applicable to them, and also see other subscriptions so that we can rule out duplication. It also allows the team to check that there aren't any existing subscriptions before requesting. 

So, we invite them, they fill in their details, why they need the spend, budgets etc, how frequently they need it, and then it is sent to myself and I can approve the claim or just go back for a query. That’s a company policy we’ve rolled out now thanks to Cledara.  

Read more here.

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