London, 20th May, 2026 – ClearBank, the enabler of real-time clearing and embedded banking, has strengthened Financial Services Compensation Scheme (FSCS) compliance through a partnership with data readiness firm Datactics, supporting rapid client onboarding.
The bank’s Embedded Banking Partner (EBP) model, which supports partners such as Revolut, Chip, Tide and Raisin, introduces additional complexity into FSCS submissions, especially as the bank continues to scale.
ClearBank selected Datactics based on its industry-proven FSCS capability, including work with Investec and Bank of Ireland, its ability to provide rapid, on-demand regulatory support, and its strong fit with ClearBank’s agile operating model.
Through the partnership, Datactics rapidly integrated FSCS outputs with ClearBank’s internal data, segmenting issues by EBP, allowing the bank to focus on specific sections of the FSCS submission and broader regulatory engagement.
Chris Kemp, Head of Product Compliance at ClearBank, said: “FSCS readiness isn’t just a compliance requirement for us, it’s an opportunity for growth, supporting faster onboarding for partners and customers. Working with Datactics has been a strong cultural fit, with their in-depth expertise helping to future-proof our FSCS compliance, effectively acting as internal auditors, validating processes and providing us with assurance with our submissions. This has strengthened our data and controls, while improving visibility across embedded banking partners, helping us stay regulator-ready and focus more on driving value for customers. ”
The partnership has also provided ClearBank with strategic insights, shedding additional light on the downstream impact of controls such as identification and verification (ID&V) and financial crime processes, and providing clearer visibility into Single Customer View file data quality across EBPs.
Stuart Harvey, CEO of Datactics, commented: “The FSCS process operates under tight turnaround windows, and the financial and reputational impact of FSCS failures can be significant, so banks need audit-ready data to meet regulatory demands quickly. Especially for financial institutions like ClearBank, operating with an embedded banking model, collecting and managing accurate data across multiple systems at pace is critical.”
“Banks must view regulatory readiness as a growth multiplier, starting with strong data quality and governance foundations. In this aspect, it’s clear to us that ClearBank is setting the standard.”