How to issue virtual bank accounts with LHV and Clear.Bank?
You can issue virtual bank accounts using our versatile ledger capability, combined with pre-built banking integrations with ClearBank and LHV.
Our technology
Account Models
In combination with
Virtual bank accounts by LHV
Combined with
Virtual bank accounts by ClearBank
What you get
Technical Advantages
- Ability to support virtual accounts
- Ability to support real accounts
- Ability to support pooled accounts
- A Unified Account Model
- Unlimited virtual bank accounts and house accounts
- Corporate and individual virtual bank account types
- GB (GBP) and EE IBANS (CZK, EUR, GBP, HRK, HUF, RON)
- Universal transfers (domestic + international payment rails)
- Unlimited virtual bank accounts and house accounts
- Corporate and individual virtual bank account types
- GB IBANS
- Universal transfers (domestic + international payment rails)
- Highly secure, agnostic and fully redundant infrastructure platform
- Best-in-class back office portal for your finance and ops teams
- A unified account model
- Supports actual transations
- Supports virtual transactions
- Access a single API for issuing EU & GB IBANs, eliminating the need to build multiple workflows for each jurisdiction
- Utilise a simplified JSON based integration to consume banking services vs handling multiple messages in XML format
- Ensure redundancy and eliminate the risk of de-banking by any banking provider
- Easily add, switch, migrate and remove banking providers without the need to build integrations from scratch
- Manage and extend the capability of all account related financial business operations with access to a decoupled ledger system
- Utilise a pre-certified integration that removes the need for self-certification and conformance testing
- No need to host and integrate Hardware Security Module (HSM) services to conform with the bank's security requirements
- Ensure redundancy and eliminate the risk of de-banking by any banking provider
- Easily add, switch, migrate and remove banking providers without the need to build integrations from scratch
- Manage and extend the capability of all account related financial business operations with access to a decoupled ledger system
- Reduced total cost of ownership across direct, indirect and opportunity development costs
- Reduced risks associated with software security and regulatory compliance
- Faster time to market
- Utilise a variety of webhooks to action multiple workflows to build your Fintech product