Tribe Payments have partnered with ClearBank to provide fintech customers with access to payment schemes.
The partnership will strengthen Tribe’s Bank Connect solution by allowing its fintech clients to quickly and easily integrate Faster Payments, CHAPS, BACS and Direct Debit payments to improve the functionality of their offerings. The integration will allow end-users to instantly make and receive funds from their account, as well as initiate salary payments via BACs, and set-up Direct Debits.
Tribe Payments’ Bank Connect solution has been integrated with ClearBank’s API first platform. Bank Connect helps fintechs that have a card programme or digital wallets on Tribe’s platform, to add banking services to their payment products.
Tribe’s clients can use the new capability from ClearBank in conjunction with Tribe’s Digital Banking solution or its core processing platform, ISAAC. Alternatively, it is also available as a stand-alone connection that can be easily integrated via APIs into existing client payment systems.
Simon Jones, Chief Customer Officer at ClearBank, said:
“ClearBank is dedicated to helping fintechs gain simple, secure and compliant access to banking systems and rails. These systems and rails were once the preserve of the few, but our partnership with Tribe means that more service providers can now utilise the payments schemes they need to drive innovation and competition in the market. Through technology partnerships like this we are transforming the way financial products are built and delivered for the better.”
Alex Reddish, our Chief Commercial Officer, said:
“Fintechs need access to banking systems to create more powerful convenience-driven customer propositions. Bank Connect helps to standardise access to these banking systems, cutting out complexity and unnecessary third-parties. Thanks to our collaboration with ClearBank, we can add vital payment functionality through a single API integration, giving firms the ability to provide their customers with choice, plus the chance to expand their reach, and reduce cost.”
