Allica Bank is on a mission to give established businesses in the UK the banking they deserve . It offers no-nonsense business banking built especially for firms with five to 250 employees , providing dedicated relationship manager support backed up with modern technology . Alongside its current account , it offers savings accounts and a range of tailored lending products . Allica wanted a partner to deliver its business current account and chose ClearBank due to their similar philosophies , values and culture .

Challenges and requirements

Allica initially launched to market in 2020 with a range of lending and savings products . However , the intention was always to build a business current account , allowing it to offer established businesses a full range of banking services .

It would build its business current account especially to meet the needs of established businesses , which have typically been underserved by the incumbents , offering great rewards , competitive savings rates and the support of a dedicated relationship manager .

“ We want to develop deeper , more meaningful connections with our customers . Business current accounts and transactional banking naturally provides more touchpoints with our customers , enabling us to cultivate and grow relationships with customers ” explained Nida Sattar , Head of Product – Payments at Allica Bank . “ Our business current account is an important product for us , and we wanted to partner with someone to deliver this , using bestin-class connectivity options with low operational overhead , taking the pain of direct connectivity away from us .”

That meant finding a partner that could support a seamless go-to-market launch and grow alongside the bank as it expands . The bank needed to collaborate with a proven provider that shared its growth objectives and could help it scale quickly . As a result , it chose ClearBank as its partner .

“ ClearBank is a leader in its field and was an obvious partner for Allica because we ’ re www . intelligentfin . tech

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