Accounts made possible
Clear Junction offers a wide range of account solutions tailored to your business needs. Our solutions simplify money transfers, enhance treasury operations, and cut costs, covering everything from day-to-day transactions to secure escrow services for safer deals. We help you reach new markets and boost your customer services efficiently.
Correspondent Account:
Clear Junction correspondent accounts are the cornerstone of our client offering and are designed for use by regulated financial institutions. The main purpose of a correspondent account is to enable businesses to efficiently manage incoming transactions from their customers.
Our correspondent accounts can maintain balances in multiple currencies, and access to them is supported through our API or online banking portal.
Corporate Account:
Collection Account:
The main purpose of a Clear Junction collection account is to collect customers’ receivables. This type of account is specifically designed for regulated companies, including digital currency exchanges.
Collection accounts work in conjunction with virtual accounts to streamline the process of making payments to multiple customers.
Escrow Account:
Clear Junction’s escrow account service provides a secure and transparent method for handling transactions in crypto trading by acting as a trusted third party. The service connects parties through a technical system and uses advanced APIs for the fiat part of transactions, ensuring secure processing. It verifies crypto transactions against the seller’s wallet data before releasing funds, guaranteeing transparency and security for all involved. Finery Markets successfully implemented this approach, enhancing peer-to-peer trading with secure, transparent, and efficient settlement solutions. Escrow accounts can only be supplied in conjunction with our Corporate or Collection accounts.
Why Clear Junction?
Access
Compliance
Our solutions are underpinned by continuous risk management processes and a safe and secure delivery methodology which is tailored to your needs.
Expertise
Our team is composed of fintech experts with years of experience. We understand the challenges financial institutions face and how best to overcome them.
Speed
Our correspondent accounts and other solutions can all be accessed and utilised quickly through an API integration or our online platform.
Value
Our fee structure is competitive and designed to be flexible, so you can add more solutions as and when you require them.
Service
Our business has dedicated client management and relationship teams to handle any queries and ensure that our solutions are maximising potential.
Accounts will get you started
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...
How remittances to Africa can be made cheaper, faster and boost financial inclusion
Globally, the number of people who need to make low value cross-border remittances has grown rapidly since 1990. Today there are more migrant workers than ever before, not to mention global nomads and international students. Given that more than 11 million African...