Brokerage App Public and ID Platform CLEAR Launch Partnership
Public and Clear logos

Brokerage App Public and ID Platform CLEAR Launch Partnership

A FinTech trading app and a biometric identification company are teaming up.

About the partnership:

This week, Public and CLEAR announced a new partnership. Now, members will have the option of verifying their identity with CLEAR when opening a brokerage account with Public. As a result, Current CLEAR customers will also enjoy an expedited onboarding experience when opening a Public account.

As part of this partnership, Public is also offering a special bonus to CLEAR members who join the app. Those who have CLEAR Plus (the paid service used at select airports across the country) can sign up for Public will receive a $100 bonus in their Public account. Meanwhile, regular CLEAR members can earn a $50 bonus when they join Public. In both cases, customers will need to deposit at least $20 into their Public account to get started.

What they’re saying:

Commenting on the partnership, CLEAR CEO Caryn Seidman Becker said, “We believe that identity and security are integral to any financial platform and we are excited to expand our impact in the financial services industry with this partnership. CLEAR knows that you are always you and Public shares our core values of ensuring a secure, friction-free, and transparent experience at all levels of their platform.” Seidman Becker added, “We’re thrilled that soon our Members will be able to verify their identity for a faster and easier investing experience with a trusted community online.”

Additionally, Public co-CEO and co-founder Jannick Malling stated, “Public aims to be our members’ primary portfolio. We do this not only by enabling members to manage all assets in one place, but by giving them a magical experience along the way. The ability to open an account on Public in a minute or less not only creates growth for the business but also creates trust. CLEAR helps us achieve that.”

My thoughts:

First, I’ve been a CLEAR Plus customer for a few years now thanks to the credit that comes with my American Express Platinum card. In my experience, in tandem with TSA Precheck, the service has made sailing through airport security even faster. However, if I had to pay full price for the service — which is currently $189 per year — I don’t think it would be worth it seeing as I don’t use it more than a few times a year at most. On that note, if you do plan on signing up for CLEAR Plus and don’t already have TSA Precheck, I’d recommend checking out CLEAR’s new bundle where you can get 1 year of CLEAR Plus alongside 5 years of TSA Precheck for $199.95.

As for this Public/CLEAR partnership and offer, while it may be a little out of left field, I think it’s a win just because of the bonus that members can claim. The only disappointing part is that there’s currently no deal for people like me who already have CLEAR and Public (since the bonuses are limited to new Public customers). Perhaps that will change down the road and a Public customer discount could be installed, somewhat akin to how several airlines partner with CLEAR. In the meantime, if you don’t already have Public, then it may make sense to take advantage of this offer.

Author

Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

"The Unbanking of America" Book Review

In her new book " The Unbanking of America: How the New Middle Class Survives" author Lisa Servon looks at everything from the payday loan industry to FinTech while also discussing the changing economics of the middle class.
Charlie and SpeedBump logos

Charlie Introduces SpeedBump Fraud Protection Feature

A FinTech that helps prevent adults from falling victim to scams and fraud is adding a new feature to further that cause. About SpeedBump: Today, Charlie announced the launch of its SpeedBump feature. This tool combines alerts, pauses, and real-time education to help protect older adults who may be vulnerable to scams and fraud. SpeedBump may be activated when Charlie customers take certain actions, such as adding a payee, making...
AMEX card in the middle of a restaurant table full of food

American Express to Acquire Tock from Squarespace

American Express is expanding its dining platform with not one but two acquisitions. About the acquisitions: Today, Amex announced that it will be acquiring the restaurant reservation service Tock from Squarespace (who purchased the company in 2021). The purchase is expected to be for $400 million in cash but is subject to closing conditions, customary adjustments, and regulatory approval. Amex also notes that, as part of the deal with Squarespace,...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...