ClearBank, the enabler of real-time clearing and embedded banking, has announced its partnership with AutoRek, a financial control and data management platform, to enhance its reconciliation capabilities and support its expanding transaction volumes.
The decision to deploy AutoRek’s platform follows a year of rapid growth for ClearBank, which saw transactions increase by 55% in 2024, according to FF News.
The surge in payment activity created a need for a more scalable and efficient reconciliation system that could handle complex financial operations while maintaining compliance and agility.
ClearBank operates as a clearing and embedded banking specialist, providing real-time payment solutions and banking infrastructure for financial institutions, FinTechs, and regulated entities. Its platform enables seamless clearing and settlement across multiple payment schemes, empowering its clients to deliver faster and more reliable digital banking services.
AutoRek’s reconciliation platform, known for its no-code configuration and automation capabilities, delivers a unified solution for both transactional and cash reconciliations. This allows ClearBank to achieve real-time visibility, streamline reporting, and eliminate operational bottlenecks common in traditional reconciliation processes.
Through this partnership, ClearBank gains the ability to rapidly configure complex reconciliations while maintaining the flexibility and compliance required in the fast-moving digital banking sector. The collaboration supports ClearBank’s strategy to continue scaling its infrastructure and enhancing operational efficiency.
AutoRek’s solution has become a strategic enabler for institutions navigating high-volume payment environments, offering automation, transparency, and control that traditional systems cannot match.
Nick Botha, global payments lead at AutoRek, said, “Digital banking providers face operational demands that manual processes simply can’t support. Traditional reconciliation approaches can’t handle the volumes and complexity of modern payment flows. ClearBank represents the future of banking infrastructure – technology-driven, scalable, and built for real-time operations. Working with them demonstrates how the right reconciliation platform becomes a strategic enabler, not just a compliance requirement.”
ClearBank head of finance operations Richard Draper said, “As ClearBank continues to scale, we need a reconciliation platform that will keep pace with our volume of transactions while giving us flexibility, control, and speed to market. With AutoRek, we can generate reconciliations much faster without overloading our team. Most tools are either strong on transactional reconciliations or on balance substantiation, but rarely both. AutoRek does.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
