Case Study: ClearBank Achieves 360° Vendor Visibility and Faster Onboarding with Panorays

How ClearBank Achieved 360° Visibility, Scalable Security, and Faster Onboarding for Third-party Vendors

ClearBank, the UK’s first new clearing bank in 250 years, was managing a fast-growing network of more than 200 third-party vendors and struggled with limited visibility into supplier cyber risk, siloed records, and an increasingly manual onboarding and review process. To address these challenges, ClearBank turned to Panorays, a third-party cyber risk management platform designed to help financial institutions gain better visibility, standardize assessments, and scale vendor oversight.

With Panorays, ClearBank built a single source of truth for third-party security, automating vendor assessments, prioritizing critical risks, and continuously monitoring supplier posture across its digital supply chain. The results included 360-degree visibility, faster reviews and remediation cycles, better alignment across teams, and the ability to manage over 100 critical suppliers more effectively, while identifying and resolving significant security gaps before they became bigger problems.

ClearBank

Matt O’Neill

Head of Security, Governance, Risk, and Compliance