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What Are NFTs? Non-Fungible Tokens Explained

What Are NFTs? Non-Fungible Tokens Explained

Non-fungible tokens (NFTs) are units of data that are stored on a blockchain. This essentially guarantees that a given digital asset is unique and cannot be interchanged with something else. In recent times, there have been several reports of some NFTs being sold for...

Why London Remains at the Heart of European Fintech

Why London Remains at the Heart of European Fintech

London has long been known as the financial capital of the world, despite the presence of other major hubs across the globe, such as New York, Hong Kong and Frankfurt. Here, we look at why London remains at the heart of European fintech in particular and whether this...

VIRTUAL IBANS: EXPLAINER

VIRTUAL IBANS: EXPLAINER

Virtual IBANs are one of the many payment solutions that Clear Junction provides its clients with access to. Indeed, they rank among our most popular and readily utilised services and it is easy to see why: virtual IBANs help banks and financial institutions reduce...

What is Bacs? Complete Guide to Bacs Payments

What is Bacs? Complete Guide to Bacs Payments

Bacs (or BACS) is an acronym that stands for Bankers’ Automated Clearing System. Put simply, it is a network of banks and building societies that are part of the Bacs payment services scheme and is a convenient means for businesses to make electronic payments directly...

Brexit and SEPA Payment Transactions

Brexit and SEPA Payment Transactions

As people increasingly live and work across borders, there is a greater need for money to move freely too. But what happens when the nature of one of those borders changes? Here at Clear Junction, we have noticed that since the UK departed from the European Union...