Latest News

Alba Bank partners with ClearBank

By Alexandra Leonards

UK challenger Alba Bank has partnered with ClearBank to manage payments for its customers.

The Glasgow-headquartered bank said that it is using ClearBank and Mambu’s partnership to offer near real-time payments to its customers.

Through the new partnership Alba will be able to connect with multiple payment schemes, including Bacs, CHAPS and Faster Payments.

Founded by Scottish entrepreneur, Jim McColl in 2018, with its headquarters in Glasgow, Alba Bank was established to provide commercial finance to UK SMEs which remain underserved by the mainstream banks.

The bank says it is developing a network of regional commercial finance experts with the experience to work alongside SMEs as they grow.

“Building our bank with industry-leading partners is the best way for Alba to scale quickly, in the knowledge that we’re being supported by the very best in the business,” said Sandeep Kadam, chief technology officer, Alba Bank. “ClearBank has established a superb reputation among financial institutions and will provide us with the speed, agility and security that we need to help our SME customers grow and prosper.”

Alba was earlier this year granted its banking licence by the UK Prudential Regulatory Authority (PRA) and the FCA. It said it move has enabled it to move into mobilisation, with the organisation currently focusing on "building out its team, operations and infrastructure".

    Share Story:

Recent Stories

APP fraud increases by 22% in first half of 2023, warns UK Finance

Cab Payments shares plummet 72% in face of key market strife

Alba Bank partners with ClearBank


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

BANNER

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.

© 2019 Perspective Publishing     Privacy & Cookies