London, UK – Algbra today announces that Algbra Labs, the technology division of Algbra, has been certified as a Tech Alliance Partner by ClearBank, the enabler of real-time clearing and embedded banking. This new partnership builds on Algbra’s existing Channel Partnership with ClearBank and marks an important evolution in the collaboration between the two organisations.
The Tech Alliance Partner programme brings together best-in-class technology providers that enable ClearBank’s licensed financial institution clients to integrate, launch and scale banking and payments services quickly, cost-effectively and with reduced operational complexity. As a certified Tech Alliance Partner, Algbra Labs is now approved to activate and support the technology required for ClearBank-enabled financial services.
This Tech Alliance Partnership is distinct from Algbra’s existing Channel Partnership with ClearBank. Under the Channel Partner model, Algbra operates as a licensed and regulated financial institution, delivering its Fintech as a Service (FaaS) platform and embedding ClearBank’s banking infrastructure while acting as the regulated and responsible party for the services delivered.
The addition of Algbra Labs to the Tech Alliance Partner ecosystem means Algbra can combine certified technology enablement with regulated financial services delivered under its FCA authorisation and scheme memberships.
Through this approach, Algbra is now able to support ClearBank’s licensed clients with both technology and regulated service capabilities, including card issuance and BIN sponsorship programmes, digital account issuance, customer support operations, cross-border payments and multi-currency account services — all delivered through Algbra’s Fintech as a Service (FaaS) platform.
This in turn enables ClearBank clients to reduce complexity, significantly accelerate time to market and improve cost efficiency, while accessing a broader range of capabilities through a single strategic partner.
