Bloomsbury Money Integrates ClearBank to Deepen Global Payment Capabilities
Driven by a commitment to market fairness and transparency, Bloomsbury Money, regulated in Jersey/Channel Islands as an e-money institution and VASP, utilizes an open, multi-bank network. The platform continuously integrates diverse banking partners to ensure international clients benefit from robust options, greater resilience, and a wider choice of global currencies and local payment systems.
Through this new integration with ClearBank, clients will be able to access SEPA, SEPA Instant, SWIFT, GBP clearing including Faster Payments, CHAPS and BACS, and Wire services across G10 currencies. All payments and banking services are accessed directly through Bloomsbury Money's native, in-house built banking platform, ensuring a smooth and unified user experience.
The expanded service suite includes:
- Real-time FX conversions
- Local and cross-border payments
- Real named accounts and virtual IBANs
- Corporate debit cards (launching soon) for business expense management, high-net-worth individuals, and private family offices.
Bridging the Gap in Cross-Border Payments
A key focus of this expansion is Bloomsbury Money's unique ability to offer access to both stablecoin and traditional fiat banking rails. By linking these two systems together, the platform significantly cuts down settlement times for international transactions, removing traditional friction from cross-border commerce.
Industry Commentary
"As a next generation neobank, our focus is entirely on removing friction through smart technology," concluded
"We're pleased to support Bloomsbury Money as it expands the capabilities available to its clients.," said
For too long, institutional finance has been held back by legacy infrastructure, built decades ago. These outdated traditional banking rails often cause delays, high fees, and a lack of transparency. In today's fast-moving economy, there is a real urgency for banking innovation that matches the speed of modern global business, especially in highly specialized sectors.
"We are excited to bring these customized banking rails to Jersey and other offshore trust companies and funds," said
As international commerce grows, the friction within traditional cross-border payment systems has become a major roadblock. Resolving these delays requires looking beyond old banking models and adopting fresh systems that bridge the gap between traditional money and digital assets, whilst maintaining the highest level of regulatory and legal compliance.
"The landscape of global money movement is changing," added
To truly fix these legacy issues, financial platforms cannot simply patch up old systems. Real innovation requires building smart, modern technology from the ground up to provide a smooth, and scalable user experience.
About Bloomsbury Money
Bloomsbury Money (no. 151029) is registered in and operating out of
About ClearBank
ClearBank is transforming the way money moves. Through its banking licences and intelligent solutions, ClearBank unlocks the potential of financial institutions and corporate clients to deliver real-time payments, accounts and embedded banking services to their customers.
Purpose-built for the digital economy, it combines the reliability of a clearing bank with the agility of modern cloud-based technology. ClearBank exists to enable financial services innovation on a global scale – removing friction, increasing efficiency and creating transparency to unlock the full potential of banking infrastructure.
ClearBank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568).
ClearBank Europe N.V. is authorised by the European Central Bank (ECB) and supervised by the De Nederlandsche Bank (DNB).
Visit www.clear.bank for more information.
Bloomsbury Money Press Office
Email: [email protected]
www.bloomsburymoney.com
View original content:https://www.prnewswire.com/news-releases/bloomsbury-money-integrates-clearbank-to-deepen-global-payment-capabilities-302838065.html
SOURCE Bloomsbury Money
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