ClearBank Embedded Banking vs Unit
ClearBank Embedded Banking
clear.bankUnit
unit.coSide by side
| Figure | ClearBank Embedded Banking | Unit |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | — | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Banking-as-a-Service Platforms | 7.8 (#10) | 7.6 (#17) |
| Founded | 2016 | 2019 |
| Headquarters | London, United Kingdom | New York City and Tel Aviv |
| Security certifications | ClearBank says its Information Security Management System is certified to ISO 27001 and its Business Continuity Management System is certified to ISO 22301. | Unit states that it is SOC 2 Type II compliant and PCI DSS Level 1 certified. |
| What it does | ClearBank provides regulated banking infrastructure so businesses can offer financial products under their own brand without becoming a bank. | Unit is an enterprise-grade financial infrastructure platform for offering financial services to customers. |
Plans
In their own words
ClearBank Embedded Banking
ClearBank Embedded Banking has no write-up on Specifiction yet; its figures are above.
Unit
Unit provides financial infrastructure for businesses that want to offer financial services inside their own products. Its building blocks include deposit and wallet accounts, cards, credit products, and payments through ACH, wires, RTP, checks, and international payments. A native ledger records transactions with settlement-level visibility. Developers can work through an API, customer tokens, simulations, open-source SDKs, and data warehouse sync, or use optional brandable UI components for web and mobile web, React Native, Android, and iOS. The Dashboard includes SAML 2.0 single sign-on, multi-factor authentication, and team roles and permissions. Managed Solutions can build and operate Banking or Bill Pay modules and provide end-customer support under a client's brand. Unit lists integrations including Plaid, Yodlee, Intuit, and AWS S3. It identifies itself as a financial technology company, not a bank; partner banks provide banking services. Pricing is available on request.