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Tag: Clearing Accounts

piggy bank

Why are fintech companies unable to get bank accounts in the U.K.?

January 18, 2015Anti-Terrorist Financing, Banking, FinTechgeorge

Underlying many financial technology companies’ capabilities are access to basic clearing accounts. If you want to lend money, you need to have somewhere to store it. If you want to process payments, you need to have a bank account through…

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