Clearing and Fortris Join Forces to Shape the Future of Money Movement
Combining regulated financial services and specialist digital asset infrastructure to create a more connected offering for businesses managing and moving money.
As traditional finance and digital assets converge, businesses face growing complexity in how they hold, move, convert and manage value across different financial systems. Clearing and Fortris are joining forces to address that challenge.
The combination brings together complementary capabilities to build a more integrated financial platform connecting traditional and digital finance.
The merger remains subject to completion of the applicable legal and regulatory processes.
Bringing together complementary capabilities
Clearing and Fortris have each built strong propositions in their respective areas.
Clearing provides regulated financial services supporting businesses with multi-currency accounts, international payments, foreign exchange, digital assets and treasury services.
Fortris provides specialist wallet and digital asset infrastructure, enabling businesses to manage digital assets while maintaining control over their assets, data and provider relationships.
Together, Clearing’s regulated financial services and Fortris’ specialist digital asset technology provide the foundations for a more integrated approach to managing money and digital assets, designed to reduce the complexity of operating across multiple financial systems and providers.
The ambition is not simply to offer a broader range of products, but to make those capabilities work more effectively together.
Creating greater value for customers
There is no immediate change to existing services, platforms or day-to-day customer relationships.
Customers can continue working with their existing contacts and using their existing services as they do today. Any changes affecting individual customers will be communicated directly and in advance.
As the businesses bring their capabilities closer together, the combination is expected to create opportunities for customers to:
Manage money and digital assets more effectively
Access complementary capabilities across financial accounts, treasury services and specialist digital asset infrastructure, helping businesses manage their financial operations across fiat currencies and digital assets.
Connect digital assets with international payments
Benefit from closer connections between digital asset management, currency conversion and global payment capabilities, supporting businesses that need to manage and move funds across different currencies and financial systems.
Reduce operational complexity
Work towards a more connected experience across payments, foreign exchange, treasury and digital asset management, reducing the need to navigate multiple disconnected systems and providers.
These capabilities will develop progressively as the merger and integration work advances, subject to applicable product, operational and regulatory requirements.
A shared vision for the future
Brian Rayment, Chief Executive Officer, Clearing, commented:
“We believe the future of financial infrastructure lies in bringing financial services and digital asset technology closer together.
Businesses shouldn’t have to navigate multiple disconnected systems to manage funds, convert currencies and make payments.
By bringing Clearing and Fortris together, we’re laying the foundations for more connected financial infrastructure, giving businesses greater flexibility and control over how they manage and move money.”
Simon Harvey, Chief Product Officer, Fortris, commented:
“Fortris was built to give businesses greater control over how they manage digital assets, without requiring them to build and maintain complex wallet infrastructure themselves.
Combining our technology with Clearing’s financial services capabilities creates new opportunities to connect digital asset management with payments, foreign exchange and treasury services.
We’re excited about what we can build together and the potential to simplify how businesses manage digital assets alongside their wider financial operations.”
What happens next
Clearing and Fortris will continue operating under their respective brands as the merger progresses.
Over the coming months, teams from both businesses will continue working together to bring products, technology and customer experiences closer together.
Customers will be contacted directly where any changes affect the services they use, and further updates will be shared as new capabilities become available.
Fortris handles digital asset treasury operations for enterprise business.
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