Osborne Clarke supports ClearBank Europe to secure its Dutch license and expand into Europe

Osborne Clarke in the Netherlands assists ClearBank Europe N.V. in securing a Dutch banking licence. With this significant milestone in its global expansion, ClearBank is now ready to offer regulated banking services across Europe.

ClearBank, headquartered in London, is a fast-growing bank operating entirely in a cloud-native environment. Their offering enables financial institutions – including payment institutions, electronic money institutions, and other fintechs – to use ClearBank's advanced application programming interface (API) to offer customers a fully regulated banking infrastructure and real-time clearing access.

ClearBank's mission is to transform the payment industry and create the best and now taken an important step towards global expansion by securing a banking licence in the Netherlands. 

Johannes de Jong, Client Partner who led Osborne Clarke's team, commented:  "We're proud to have assisted ClearBank on this successful bank licence application process, which, from start to finish, took just 18 months with the Dutch Central Bank (DNB) and the European Central Bank (ECB)." 

Ezequiel Canestrari, Chief Operating Officer, ClearBank Europe, commented: "Obtaining a Dutch banking licence marks a milestone in our global expansion and means we can now operate in Europe. We are grateful to Osborne Clarke for the support they provided throughout the process."

Osborne Clarke's Financial Regulatory team in Amsterdam was led by Johannes de Jong, and the core team further consisted of Juliet de Graaf, Anka Langedijk, Jet Franke, and Gijs Versteegh. Additional support was provided by various experts and practice groups within Osborne Clarke in the Netherlands.

Osborne Clarke's Financial Regulatory client portfolio is impressive, featuring both trailblazing, tech-oriented companies and large, established financial institutions. The team has been pivotal in a series of significant financial regulatory licence applications over the years. These licences range from the banking, payments, and e-money sector to the investment funds, investment firms, and trading venues market.