Dukascopy Bank Enters Partnership with Clear Junction

Dukascopy Bank, a Swiss online bank which provides online and mobile trading, banking and financial services, has joined hands with the global payments provider Clear Junction​, to provide licensed electronic money institutions and payment institutions with a one-stop solution that satisfies their banking and payment needs.

Within the partnership, Clear Junction will offer comprehensive payment services, while Dukascopy Bank will provide Swiss-quality safeguarding accounts, which allow electronic money institutions and payment institutions to keep their clients’ funds separate from their operational funds.

This collaboration enables both firms’ mutual institutional clients to benefit from efficient cash management when balancing the funds between both Clear Junction and Dukascopy Bank.

"We are delighted to enter into this collaboration with Clear Junction and add such a well known and reputable company to Dukascopy Bank's ecosystem," said Dr Alexander Suhobokov, Head of Fintech and Senior VP of Dukascopy Bank. "Our existing and prospective mutual clients will greatly benefit from the integrated combination of safeguarding and payments - and the model will contribute to the simplification of their operations while improving compliance with safeguarding regulation requirements - a burning topic among regulators."

"It is a genuine honour to partner with a Swiss bank and we are delighted that this new arrangement is with Dukascopy Bank," added Dima Kats, CEO of Clear Junction. "Servicing licensed financial institutions has been our only goal from the very beginning and this partnership is another step forward in offering our clients increased operational efficiency. Ultimately, the partnership between Clear Junction and Dukascopy Bank will enable more FIs to transact efficiently with each other and with the existing client communities of our organisations."