Open Banking Vendors - Clear Junction

Open Banking

Partnering and integrating with Clear Junction enables open banking vendors (PISPs) to provide merchants with a complete solution that incorporates payment processing and account opening. This eliminates the merchant’s dependency on banks and enables automated payment reconciliation, thereby benefiting open banking businesses and the merchants they want to work with.

Open Banking. Made possible by Clear Junction.

Get in touch

Challenges

Banking Relationships

Establishing and maintaining relationships with banks is crucial for open banking providers to access payment services. However, many banks may be reluctant to collaborate with third-party providers due to concerns about security, liability, and competition as well as Open Banking Providers not being able to hold client funds.

Technical Integration

Integrating with multiple banks and payment service providers requires significant technical expertise and resources. Open banking providers must develop and maintain interoperable systems that can securely communicate with various banking platforms and payment networks.

Customer Trust and Adoption

Building trust and encouraging adoption among businesses is critical for the success of open banking services.

Competitive Landscape

Open banking is a rapidly evolving industry with numerous players competing for market share.

Possibilities

By partnering with Clear Junction, open banking providers can complement their own solutions with Clear Junctions eMoney accounts and e-wallets for your merchants.

Easily integrate with Clear Junction APIs to optimize your merchant onboarding process and ensure smooth payment execution.

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

Clear Junction can help Open banking providers differentiate themselves and attract merchants in a crowded market.

Get in touch

Fraud is getting smarter – but some simple steps can help you avoid it

Fraudsters relentlessly pursue other people’s money, and there’s no depth they won’t go to get it. The online scams and schemes that fraudsters devise are frighteningly sophisticated and getting smarter all the time. Banks and other financial service businesses...

Case study: Grey

GLOBAL NEOBANK FOR REMOTE WORKERS Established in 2020, Grey is a cross-border payment fintech that aims to make it easier for digital nomads and remote workers to send, receive, exchange, and manage multiple currencies. However, to best support its growing customer...

Ripple partners with Clear Junction to enhance UK and EU cross-border payments

Today, Ripple, the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction, the global leader in cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating instant...