The first new clearing bank in the UK in over 250 years at launch in 2017, ClearBank is the only next generation payments provider with direct access to all banking payment schemes in the UK (e.g. Faster Payments, BACS, CHAPS). As a regulated bank, ClearBank manages transactions end-to-end from order transmission to settlement, liquidity management and clearing.
Headquartered in the United Kingdom, the bank is subject to joint regulation by the British authorities responsible for supervising the financial markets: the Prudential Regulation Authority and the Financial Conduct Authority. Current share of PPF Group is 44.78%.