Clear Junction’s 2023 Journey: A Year of Innovation and Growth

by Clear Junction20 December, 2023Company News

As the curtains fall on 2023, Clear Junction reflects on what can only be described as an extraordinary year. Not only did we celebrate our 7th birthday, but we revelled in seven years of evolution, growth, and becoming a beacon of trust for payment service providers (PSPs), regulated institutions, and banks worldwide.

Clear Junction’s journey is defined by our relentless passion for driving financial inclusivity. We owe a tremendous debt of gratitude to our dedicated team, both old and new, and our visionary founder and CEO, Dima Kats. We also want to say a massive thank you to our clients and partners who have been integral to our journey.

So, what have we done this year that’s been so exceptional, you ask? Well…

We launched CJClique

In June, we launched our new platform for our clients in the digital asset space to connect and collaborate with other industry players – CJClique. With it, liquidity providers in the digital asset space can streamline settlements by identifying which crypto exchanges are already part of our client base and initiating prompt internal settlements through our payment network.

Users can also develop their business by introducing themselves to new crypto exchanges and forming meaningful partnerships via the CJClique platform – using each other’s strengths to develop innovative solutions that comply with regulations.

We achieved ISO 27001 certification

In August, we were immensely proud to have been granted the ISO 27001 certification – i.e., the highest global standard that a company can obtain for information security. Achieving ISO 27001 certification for the first time is notoriously difficult, as this standard reflects the fast-changing cyber and data security landscape. It requires companies to undergo rigorous assessments to prove enterprise-wide protection of data and impeccable internal governance.

We acquired Altalix

In September, we announced the acquisition of Altalix, a leading UK-based fintech company that provides fiat-to-crypto gateway solutions. Altalix was one of the first UK businesses to become registered with the FCA as a crypto assets firm and is part of the FCA Regulatory Sandbox programme. Acquiring it is an investment into our capabilities and stability of service to our clients with a solid infrastructure for offering products that fit the purpose of the future of digital assets.

We rolled out Confirmation of Payee (CoP)

In October, we unveiled our new CoP service for clients receiving GBP payments in the UK. The service will boost the security of these transactions and addresses the recent rule from the Payment Systems Regulator that encouraged banks and building societies to adopt CoP to help tackle authorised push payment (APP) scams. Clear Junction continues to be at the forefront, leading the charge in creating secure financial ecosystems.

We got listed in The Fintech Power 50

In December, we cemented our status as an industry trailblazer by earning a coveted spot in The Fintech Power 50 for 2024. This annual guide recognises the top 40 companies and 10 industry leaders in the fintech space. A salute to our team’s dedication to innovation!

We were nominated for awards galore

The accolades keep pouring in. From winning the Blockchain or Cryptocurrency Initiative of the Year at the Payments Awards to securing Editor’s Choice at FinTech Futures’ PayTech Awards, and being named a finalist at the Pay360 Awards, our innovative Escrow Account Solution is a game-changer.

A win at the IPR Awards for Scale-Up of the Year further shows the strength of our business, and we have our fingers crossed for The Card and Payments Awards show in 2024 – we’re up for Best Security or Anti-Fraud Development, and may the best solution win!

We were… everywhere

Clear Junction’s presence reverberated across the globe in 2023. From the Africa Tech Summit at the London Stock Exchange to the ultimate cross-border payments event at IPR Global, our team left an indelible mark.

We touched down at MoneyLIVE Payments Europe and Money20/20 Europe in Amsterdam, SIBOS in Toronto, MoneyLIVE Asia and Token2049 in Singapore, Pay360 and Open Banking Expo in London, Seamless Berlin in Germany, and Riga Comm in Latvia.

Each event saw deep dives into the industry’s most pressing topics, and we were thrilled to mingle among the fintech elite – the innovators and disruptors, the movers and shakers, those shaping the future of financial services in each region.

What a year it’s been! Here’s to another one, pushing boundaries, breaking barriers, and shaping the future of fintech. Cheers to Clear Junction’s unwavering ascent! 🥂