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ClearBank is a cloud-based clearing bank that offers a full range of Banking-as-a-Service solutions to regulated institutions.

ClearBank was co-founded by the PPF Group in 2017 with the aim of enabling an open and competitive banking marketplace. Prior to its conception, the payments industry had undergone a period of consolidation and was predominantly serviced via four traditional banks. As a result, there was a lack of innovation in the sector and any real drive to change.

ClearBank is the first clearing bank in the UK to design its entire IT system as a greenfield project. This unique approach has enabled it to build its systems free from legacy constraints and predominantly in the Cloud, to truly transform the banking experience.

ClearBank understand that consumers expect their payments and transactions to be processed immediately, successfully and in ways that meet their individual needs. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers. Together, meeting the demands of the next generation of consumers and businesses.

ClearBank has a full UK banking license and is regulated by the Bank of England, Prudential Regulation Authority, Financial Conduct Authority and Payment Services Regulator.


  • Supporting 80+ financial institutions on its payment’s platform
  • Won ‘Pioneer of the Year’ at British Bank Awards 2020
  • Named ‘Most Disruptive Financial Services Technology’ by FStech Awards 2020
  • Featured in Sifted’s Top European FinTechs to follow in 2020 
  • Voted Number 1 FinTech Disrupter of 2019 by BusinessCloud
  • ClearBank, in partnership with Tide granted £60 million from RBS Alternatives Remedies Package
  • The first UK clearing bank with a purpose-built, integrated core banking technology system, and an API developed in accordance with ISO 20022
  • ClearBank has a ground-breaking partnership with Microsoft, with its technology running on Microsoft’s

ClearBank: Management as of 1st April 2020

Board of Directors David Gagie – Chair and Independent Non-Excutive Director
Charles McManus, Group CEO & Executive Director
Marc Jenkins, Executive Director
  Shonaid Jemmett-Page, Senior Independent Director & Chair of Audit Committee
Catherine Doran, Independent Non-Executive Director & Chair of Risk Committee
Phil Kenworthy, Independent Non-Executive Director
Stan Spavold, Investor Director (CFFI)
Mel Carvill, Investor Director (PPF)
Nick Ogden, Founder & Investor Director

Executive Assistant

Charles McManus, Group CEO & Executive Director
James Hopkinson, Chief Financial Officer
  Nigel Walder, Chief Operating Officer
Simon Jones, Chief Customer Officer
Philip House, Chief Governance and Legal Officer
Alex Gibbons, Chief Internal Auditor
Nadine Adams, Head of HR

Ownership Structure

The two major shareholders are PPF Group N.V. through PPF Financial Holdings B.V. and CFFI UK Ventures. The remaining  stake is held by ClearBank’s management and other minority shareholders



ClearBank Ltd.
133 Houndsditch
London EC3A 7BX
United Kingdom

Phone: +44 (0) 203 111 2370

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