In January 2017 Nick Ogden, the founder and former CEO of WorldPay, took the wraps off the first modern clearing and settlement bank in 250 years: ClearBank. Two hundred fifty years is a long time to live with the same core banking infrastructure, especially since banks need many more things today than those “blocked-up” legacy systems were first built 250 years to do. When the ‘pipes’ are that blocked up, there’s really only two options: put up with it and have a dripped tap or replace the pipework — and that’s what ClearBank is doing. As an infrastructure company, ClearBank is giving banks an option to replace their existing core systems with an incredibly modern infrastructure that will improve their processing efficiencies, risk- and fraud-proof their operations, and enable a number of new financial services capabilities. ClearBank will provide the type of clearing services that will enable financial services providers, FCA-regulated businesses and FinTechs to change and transform their business, and improve it in the areas that really matter, including cybersecurity.
If you want to know what ClearBank is doing, then join us to hear the story from the man himself, Nick Ogden.
Nick Ogden is an entrepreneur with over 30 years’ experience in banking, payments and fintech, Nick Ogden is the founder of ClearBank® and the bank’s Executive Chairman.
Prior to ClearBank, Nick founded and led a number of other companies. The most notable of these is WorldPay, which he founded in 1997. The first internet payment service to guarantee transactions worldwide, Nick helped WorldPay grow to over 270 employees, 20,000 customers across 120 countries and e-commerce transactions in excess of $2billion per year. The company was acquired by The Royal Bank of Scotland in 2002. Nick also founded Multi Media Investments Limited, a research and development company, in 1993, and Voice Commerce Group, the UK’s first non-bank payments institution, in 2009.
Nick has been recognised for a number of industry awards including: The UK Ernst and Young Entrepreneur of the Year Award, the Computer World Global IT Leaders award, the ID People Awards and the National Business Awards UK Entrepreneur of the Year.