Ziglu links with ClearBank to provide virtual GBP bank accounts

ClearBank has revealed it is providing agency banking services to enable money app Ziglu to offer virtual GBP accounts to its customers. 

According to ClearBank, the company powers Ziglu’s real-time processing and reporting for its GBP accounts using API and cloud-based solutions, which allows for products to be modified at speed in a live environment.

The virtual accounts provide Ziglu customers with access to all the UK payment schemes, including real-time payments via Faster Payments. ClearBank’s embedded banking platform has also improved operational efficiencies, allowing Ziglu customer teams to resolve missing or pending payment queries.

ClearBank CEO Charles McManus said, “Ziglu represents all that is exciting about fintech and finance today. With a keen sense of what their banking, investment and crypto customers will want to see next, Ziglu is perfectly poised to continue growing in 2022 and beyond. ClearBank is very pleased to have partnered with Ziglu and to provide safeguarded Virtual GBP Accounts, and we look forward to expanding the proposition together for a long time to come.”

Ziglu CEO and founder Mark Hipperson added, “Ziglu will continue to champion the ClearBank platform. The improvements we’ve been able to deliver to customers through ClearBank have had a remarkable effect on user satisfaction. ClearBank offers us the best of both worlds – all the security of traditional banking, along with the means to quickly adapt and satisfy our digital-native customer base.”

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