ClearBank and Nationwide, the world’s largest building society, have today announced their partnership as the Society prepares to launch a game-changing business current account for Britain’s 5.6 million small businesses.
The partnership with ClearBank will enable the Society to deliver on key milestones on the journey to launching its business current account proposition early next year. Nationwide will benefit from ClearBank’s state-of-the-art payments platform that is ready for the increasing demand for electronic payments. This will deliver seamless access to real-time payments services, such as faster payments.
Simon Hamilton, Managing Director of Nationwide for Business, said: “Our partnership with ClearBank will ensure our new proposition benefits from a state-of-the-art payments platform that is ready for the increasing demand for electronic payments. ClearBank is the first new clearing bank in 250 years and purpose built to avoid the constraints of legacy systems.”
Charles McManus, CEO of ClearBank said: “As one of the most well-regarded financial services brands in the market, we are incredibly proud to partner with Nationwide on this initiative. We look forward to working together to enable Nationwide for Business customers to benefit from ClearBank’s state-of-the-art, cloud-based payments platform – providing this historically underserved market with a greater choice of banking services.”