Griffin

Fully licensed UK bank and platform banking API offering embedded accounts, client money safeguarding, and payment rails.

About Griffin

Griffin is a licensed United Kingdom bank that provides a comprehensive platform banking API. Operating with full authorization from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), Griffin combines a full banking charter with modern cloud infrastructure.

The platform allows fintech companies, wealth platforms, and SaaS businesses to embed regulated banking accounts, run automated customer onboarding checks, and process payments. Griffin specifically provides specialized client money accounts, segregated accounts, and operational accounts, allowing platforms to manage safeguarding requirements while maintaining direct access to UK clearing rails.

Key Features

Licensed UK Banking Infrastructure: Direct access to a fully authorized UK banking institution without relying on third-party sponsor banks.
Client Money Safeguarding: Specialized accounts designed to comply with CASS and electronic money safeguarding obligations.
Integrated Customer Onboarding: Built-in KYC and KYB verification APIs to onboard legal entities and individuals compliant with UK regulations.
UK Payment Clearing: Direct technical processing for UK Faster Payments and Bacs clearing mechanisms.
Hypermedia REST API: Clean resource navigation, predictable JSON data structures, and webhook event notifications.
Multi-Tenant Account Ledgers: Programmatic generation of segregated customer accounts with real-time balance tracking.

Pricing

Business Bank Accounts: £100/month Operational fund holding accounts for registered businesses with interest earning capabilities.
Platform Onboarding Package: £15,000/one-time One-off implementation and technical onboarding fee to launch an embedded banking integration within 6 to 8 weeks.
Monthly Tier - £3,500: £3,500/month Minimum platform spend drawn down against per-transaction fees across accounts, payments, and onboarding.
Monthly Tier - £5,000: £5,000/month Volume commitment unlocking up to 20% discounts on transaction drawdown rates.
Monthly Tier - £10,000: £10,000/month High-volume commitment unlocking up to 40% discounts on transaction drawdown rates.
Enterprise Platform: Custom pricing/billing basis Bespoke platform configurations, dedicated compliance advisory, and negotiated transaction volume tiers.

Use Cases

Embedding segregated client money accounts for investment and property management software
Powering UK business bank accounts and automated payment reconciliation
Streamlining customer identity verification and immediate bank account provisioning
Processing high-speed domestic disbursements using the UK Faster Payments network

Pros & Cons

Pros:

Operates as a fully authorized UK bank with direct PRA and FCA regulatory standing
Purpose-built accounts for CASS client money and e-money safeguarding compliance
Transparent platform pricing tiers with transaction drawdown models

Cons:

Operational scope is focused primarily on the United Kingdom regulatory ecosystem
Platform onboarding requires upfront capital investment and compliance vetting

Integrations

UK Faster Payments, Bacs, Companies House, Bank of England

FAQ

Is Griffin an authorized bank in the United Kingdom?

Yes, Griffin Bank Ltd is a fully licensed UK bank authorized by the Prudential Regulation Authority (PRA) and regulated by the PRA and Financial Conduct Authority (FCA).

What is Griffin platform banking?

Platform banking is Griffin's API solution that enables businesses to embed bank accounts, automated KYC onboarding, and payments directly into their products.