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
Combined with
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