About the Connector

Scope

The ClearBank - Retail Banking connector enables Mambu customers to connect to UK clearing schemes like FPS, CHAPS, and BACS. The connector enables banks to:

  • Create UK IBANs for customer accounts and link the account to Mambu Accounts.
  • Process Customer-initiated interbank payments via FPS and CHAPS payment schemes.
  • Process the incoming FPS and CHAPS payment schemes.
  • Create Mandates for Direct Debit and Direct Credit schemes.
  • Process the Direct Debit and Direct Credit payments.
  • Provides integration with ComplyAdvantage to monitor all the incoming and outgoing payments for AML checks. Alternatively provides extension point which enable banks to link the Fincrime module of their choice in the payment flows.
  • Provides facility to process intrabank transfers via ClearBank for better reconciliation.

Composable architecture location

ClearBank in the Mambu composable architecture