Ziglu: Partners with ClearBank to offer virtual GBP bank accounts
- ClearBank is the UK’s first new clearing bank in more than 250 years
- Announced that it is providing agency banking services to UK-based money app Ziglu
- Powers Ziglu’s real-time processing and reporting for its GBP virtual accounts, using API and cloud-based solutions
- The virtual accounts provide Ziglu customers with access to all the UK payments schemes
- Platform gives Ziglu’s end-customers safeguarded accounts, removing third-party credit risk
- Payments are cleared in-house and funds, which are held securely at the Bank of England
