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

Ledger

Ledger

Combined with

Virtual bank accounts by ClearBank

Virtual bank accounts by ClearBank

What you get
Technical Advantages
  • Unlimited ledger accounts
  • Real-time account balances
  • Real-time reporting (e.g. statements, payables, receivables, fees, revenue etc.)
  • Treasury management tools
  • Powerful funds orchestration workflows (including card fund flows)
  • Safeguarding client funds across unlimited number of client accounts
  • 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
  • No need to build a ledger system for issuing client and house accounts
  • No need to build workflows for complex money movements between issued house and client accounts
  • No need to build necessary logic required to manage account lifecycles, track account balances and record 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