Bloomsbury Money Integrates ClearBank for Enhanced Global Payment Services
Bloomsbury Money Jersey has integrated ClearBank's infrastructure into its platform, enhancing payment capabilities for institutional clients. This integration allows faster and more secure fund transfers across multiple industries and jurisdictions by leveraging a multi-bank network regulated in the Channel Islands as an e-money institution and VASP. The partnership enables access to various global payment systems including SEPA, SWIFT, GBP clearing via Faster Payments, CHAPS, BACS, and Wire services. Clients can also benefit from real-time FX conversions, local and cross-border payments, virtual IBANs, and upcoming corporate debit cards for business expense management. Bloomsbury Money aims to bridge the gap between stablecoin and traditional fiat systems by reducing settlement times in international transactions. The company emphasizes innovation through its in-house built platform, offering a seamless user experience while maintaining compliance with JFSC standards.
Topics: cross-border_transactions neobanking payments SEPA SWIFT