Banks

One of the major challenges banks and financial institutions encounter is securing and maintaining their own correspondent relationships.

Our correspondent accounts form the foundation of our services. They enable banks and financial institutions of all sizes to seamlessly incorporate automated UK and EU based money transfers and payouts into their offerings.

Enhance your ability to develop new payment services for your institution and your customers.

Payments. Made possible by Clear Junction.

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Challenges

Access to Payment Networks

Access to payment networks and infrastructure in Europe and the UK may be limited to smaller banks and non-EU banks. Without access to these networks, they may struggle to provide their customers with the same level of service and connectivity as larger banks.

Currency Exchange and Settlement

Smaller banks and non-EU banks may face challenges with currency exchange and settlement when conducting cross-border transactions in Europe and the UK.

Competitive Landscape

The European and UK payment services markets are highly competitive, with numerous banks and fintech companies vying for market share.

Customer Trust and Confidence

Building trust and confidence with customers in Europe and the UK is essential for smaller banks and non-EU banks.

Possibilities

By partnering with Clear Junction, you get access to correspondent accounts enabling you to service your customers in numerous local currencies.

By working with Clear Junction, you can manage your currency exchange risk and gain access to FPS and Instant SEPA which will ensure timely settlement of transactions and remove complexity and cost

By collaborating with Clear Junction, Banks are able to offer value services to their customers, gaining a competitive advantage over their larger banks and fintechs

Clear Junction prides itself on having compliance at the core of everything we do, by working with us, we can give you and your customer confidence and trust when providing payment services

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