UK-headquartered alternative banking firm Interpolitan Money Plc has announced a strategic partnership with ClearBank, a fully regulated bank specializing in real-time clearing and embedded banking. This collaboration will enhance Interpolitan’s UK-based solutions by providing local GBP accounts for corporate and private clients, complete with embedded Confirmation of Payee (CoP).
By leveraging ClearBank’s advanced platform, Interpolitan Money can now issue virtual accounts and IBANs under its own brand identity. The partnership also enables continued access to UK payment schemes such as Faster Payments, BACS, and CHAPS, facilitating seamless transactions for individuals and businesses navigating challenges with traditional banking providers.
As part of its 2024 digital transformation, Interpolitan Money migrated to a new cloud-based client platform, incorporating ClearBank’s infrastructure to support scalability and future product development. This transition aligns with the firm’s long-term growth strategy and commitment to delivering innovative, client-centric banking solutions.
Anoop Nair, Head of Banking Relationships and International Expansion at Interpolitan Money, emphasized the significance of the partnership, stating:
“At Interpolitan Money, we empower clients and intermediaries facing traditional banking barriers with tailored services and exclusive multi-currency solutions for seamless local and international transactions. ClearBank’s agency banking solution is pivotal in enabling us to offer GBP local accounts – a cornerstone for international private wealth management and businesses expanding into the UK, a vital hub for global growth. This partnership also strengthens our ability to provide multi-currency accounts, empowering UK businesses to trade and grow internationally with confidence.”
Fraser Russell, Head of Mid-Market at ClearBank, expressed enthusiasm for the collaboration, stating:
“We’re delighted to partner with Interpolitan Money as it continues to expand and redefine alternative banking solutions. ClearBank’s innovative platform and commitment to secure, seamless services align perfectly with Interpolitan’s vision of delivering a premium client experience. We look forward to strengthening our partnership and exploring new opportunities for growth together.”
Paving the Way for Global Financial Connectivity
With this partnership, Interpolitan Money and ClearBank aim to simplify complex financial landscapes, enhance transaction security, and provide businesses and private clients with the banking tools needed to thrive in an increasingly globalized economy. By integrating real-time clearing and embedded banking, both firms are set to redefine alternative banking and empower international trade with secure, scalable, and technology-driven financial solutions.
