// SCALING UP //

services . As a result , we ’ ve been able to focus on those value added services for SMEs and not have to worry about the infrastructure ,” said Sattar .

Reduced operational overheads

GROWING AT THE PACE ALLICA HAS BEEN , YOU NEED TO WORK WITH PARTNERS THAT YOU CAN RELY ON .

By collaborating with ClearBank , Allica Bank can offer all the benefits of payment schemes to its current account customers , enabling Allica to focus on building relationships with customers and offering value added functionality in the product . Partnering with ClearBank also protects customers like Allica from upgrades in scheme connectivity , as ClearBank is responsible for building , testing , maintaining and upgrading connections .

“ ClearBank excels at building , maintaining and updating the connectivity . For example , when the CHAPS upgrade to ISO20022 occurred , that was a huge piece of work and we didn ’ t have to really think about it at all . When you ’ re growing a business , the ability to focus completely on where you can add value is critical ,” Sattar added .

Operational efficiencies delivered by virtual accounts

To deliver its current account , Allica Bank decided to use ClearBank ’ s Virtual GBP Account solution . These virtual accounts are built for flexibility with the freedom to open millions of accounts , each with its own addressable vIBAN ( virtual International Bank Account Number ), with no limit on the number of logic layers that Allica Bank can create within its ledger .

The ClearBank API enables financial institutions to open virtual accounts any time , day or night , 365 days of the year – each with its own vIBAN . Our strong foundation of cloud-native technology and unique API means that ClearBank clients can be confident that every virtual account is opened in real-time , every time .

Foundation for growth

“ Growing at the pace Allica has been , you need to work with partners that you can rely on . Our experience working with ClearBank so far has been fantastic ,” Sattar said . “ ClearBank has supported Allica with accounts and payments infrastructure , meaning our team has been able to focus our energy on what we do best : building a relationship-focused bank , powered by modern technology , that gives established businesses the banking they truly deserve .” �

68 Intelligent SME . tech