BankingBusiness

Kroo: Taps Clearbank for access to payment schemes

Kroo: Taps Clearbank for access to payment schemes

  • Kroo currently operates a Debit MasterCard for existing customers. This is an e-money debit card, not a bank current account
  • ClearBank is the UK’s first new clearing bank in more than 250 years
  • Recently secured a full UK banking license, and ClearBank will continue to support its mission
  • Began as an Electronic Money distributor providing a digital-only prepaid card
  • ClearBank has worked with for the duration of its journey towards becoming a fully regulated bank
  • This approach eases one of the burdens of banking license applications by confirming to regulators
Previous article
Pentanet: Renews site licence agreements with Axicom
Next article
Monneo: Launches Banking as a Service (BaaS) API
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

NatWest Group Strengthens Free Investment Guidance Programme

New initiative aims to educate more customers on investing.Highlights: NatWest Group expands free investment guidance programme.Initiative targets educating...
FinTech

Tether Launches New Stablecoin Wallet to Enhance User Experience

This innovative platform aims to improve accessibility for crypto users.Highlights: Tether has introduced a new stablecoin wallet.The wallet...
FinTech

FCA Strengthens Money Laundering Combat with Synthetic Dataset

New collaboration aims to enhance detection capabilities against financial crime.Highlights: FCA partners with Turing Institute to combat money...
FinTech

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...