Philip House

ClearBank

When you join as the legal lead on a fintech start-up that also happens to be the first new clearing bank for 250 years, the challenges are immense. But for Philip House it would prove to be another experience to add to his expertise in the payments sector following his time at Visa.

There was certainly plenty to get his teeth into from a regulatory and commercial perspective: not only is ClearBank is the first cloud-native bank, but its growth rate has been stupendous, which has meant House and his team have led on a number of important ventures. The bank entered into a commercial collaboration with financial services challenger organisations Tide Platform and Prepay Solutions, to deliver business current account and associated services for small and medium size enterprises and was awarded £60m of the RBS Capability and Innovation Fund from Banking Competition Remedies Limited.

House was also one of the drivers behind the collaboration with Nationwide, which will enable the mutual to benefit from a state of the art payments platform. 2020 will see House and his 15-strong legal and company secretarial team focus on international growth in Europe and the US. Exciting times in an exciting field.