Orbital has teamed up with ClearBank Europe to support its euro-denominated payment system.
This integration aims to offer enterprise clients direct access to SEPA Instant Credit Transfers, International Bank Account Numbers (IBANs), and real-time euro clearing, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
Officials at Orbital state that the partnership is designed to enhance the efficiency of euro bank transfers while reducing transaction costs associated with traditional international payment systems. By consolidating digital asset and fiat transaction management under a single system, enterprises can better manage liquidity, counterparty identification, and reconciliation.
Bridging Traditional and Digital Payment Systems
Traditionally, cross-border payments in Europe have relied on infrastructure such as SWIFT, which often results in delays, high costs, and limited transparency. As a consequence, international businesses typically rely on various financial tools to meet their treasury needs, creating challenges related to risk, operational complexity, and compliance.
The collaboration between Orbital and ClearBank Europe is expected to address these inefficiencies by streamlining access to euro payment infrastructure. SEPA’s instant payment capabilities can help reduce settlement times and eliminate foreign exchange fees commonly attached to cross-border EUR transfers.
Orbital representatives chose to work with ClearBank Europe due to the bank’s real-time clearing systems, API access, and compliance track record. They noted that while stablecoins are increasingly adopted for cross-border operations, seamless on- and off-ramps to fiat currencies must also function in real time to ensure end-to-end efficiency.
ClearBank Europe officials highlighted that the partnership benefits Orbital customers by providing improved access to regulated financial infrastructure and supports ClearBank’s mission of supporting platforms operating across both traditional and digital finance sectors.
