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Two of the UK’s major banking disrupters announce partnership as Contis teams up with ClearBank®

October 01, 2019 | FinTech
Provided by Contis
Two of the UK’s major banking disrupters announce partnership as Contis teams up with ClearBank®

LONDON 01/10: Contis, the rapidly growing, end-to-end payments platform, has formed a strategic partnership with ClearBank, the UK's first new clearing bank in more than 250 years, adding them as an additional clearing channel to access UK payments.

 

This relationship further extends the client options available within Contis’ fully-configurable payments platform and cements its ability to provide cost-effective, scalable, real-time payments as an alternative banking provider to clients throughout the UK. ClearBank continues to aggressively reform the clearing services market, and this partnership is another in a long-line of client wins since its launch in 2017.

 

Contis uses ClearBank’s real-time APIs to complement its comprehensive product offering throughout the EEA incl. Faster Payments, CHAPS, BACS, Direct Debit, SEPA, pan-European Visa Issuing and in-house Visa processing.

 

As the account holder and platform provider, Contis also retains full responsibility for account creation, KYC/AML, reconciliation, settlement, cash management and treasury of all accounts on its platform.

 

Peter Cox, Executive Chairman of Contis said: “We are excited to be partnering with ClearBank, and both parties understand the advantages of utilising their respective leading-edge, cloud-based technologies to change the face of banking. In sharing the benefits of hundreds of millions of Contis payments across multiple trusted partners, both parties will build resilience and economies of scale.

 

Charles McManus, CEO of ClearBank: “Our proposition has been designed and built to provide a new way to deliver banking services. We’re really excited to provide this service to Contis and assist them in their mission to empower corporates and the general public, by delivering innovative banking and associated payment solutions.”

-ENDS-

 

About Contis Group

Contis is a leading provider of award-winning, end-to-end, banking, payments and processing solutions. Founded in 2008 by Peter Cox, it has developed a proprietary and scalable platform that its clients configure and white label. Contis has offices in the UK, Europe and India, holds a full EEA licence suite (incl. UK and Lithuanian eMoney Licences and Principal Visa membership allowing them to issue, acquire and in-house process across the EEA). Contis features in the FT1000: Europe’s Fastest Growing Companies list for 2018 and 2019 and the Sunday Times Tech Track 100 list. 

 

About ClearBank

 

ClearBank is the UK's first new clearing bank in more than 250 years. ClearBank delivers new standards in market competition and service transparency. Our state-of-the-art technologies and innovative services transform clearing and agency services for regulated organisations. We make payments faster, automate business processes and reconciliation, whilst delivering new levels of cost efficiency, instantly. 

 

For more information, contact: 

Contis: Jared Foley, contis@marlinpr.com, T: +44 207 932 5580

ClearBank: Louise Hetherington, louise.hetherington@clear.bank

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