OakNorth and ClearBank announce strategic partnership

OakNorth has announced a strategic partnership with ClearBank. The business will leverage ClearBank’s platform to provide scalable real-time payments and agency banking services. OakNorth will start off by using ClearBank’s real-time Faster Payments infrastructure, allowing for instant payments.

Speaking about the partnership, OakNorth noted that ClearBank’s API and virtual account support capabilities are best-in-class, and that the bank represents a long-term strategic partner that will enable the company to provide a faster and more seamless experience for its clients.