ClearBank partners with Forrester to assess ‘The Total Economic Impact of Embedded Banking’

ClearBank has focused on providing the infrastructure for firms to innovate, differentiate, and grow, with Embedded Banking being a core element of that strategy.

Through Embedded Banking, ClearBank supports businesses to launch financial services using its banking licence and infrastructure, saving the time and cost of becoming a bank.

To evaluate the impact of Embedded Banking, ClearBank partnered with consultancy Forrester, using its Total Economic Impact (TEI) model to assess the financial benefits.

Forrester’s TEI study revealed that ClearBank’s ‘Embedded Banking’ generates a 90% ROI, demonstrating its ability to enhance profitability and deliver value for clients. It revealed the financial benefits, creating net new profits of £9.7 million in three years, and delivering a payback period of just 10 months.

The research also emphasised operational efficiency gains, including a reduction in customer queries, lower costs to service a growing customer base and the ability to offer new revenue-generating products.

Beyond financial benefits, clients highlighted ClearBank’s practical support, understanding of business models, and willingness to adopt new features as key reasons for investing in long-term partnerships. It also revealed the lack of direct competition for customer deposits further boosted clients’ trust in ClearBank as a strategic partner for long-term success.

Catch Paul Staples, ClearBank’s group head of embedded banking, at Open Banking Expo on 15 October, speaking on the Powerhouse Debate ‘From Open Banking to embedded finance: Is it time to get off the fence?’

ClearBank is an event partner of Open Banking Expo UK and Europe, taking place at the Business Design Centre in London on 15-16 October. Click here to find out more about attending, exhibiting and sponsoring.