Ziglu: Partners with ClearBank to offer virtual GBP bank accounts

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