Tagged: banking circle

February 9, 2023 @ 10:43 pm By Omar Faridi  |  

A new insight report – The perfect payment partner? What merchants are looking for from their PSPs – from Banking Circle, the next generation technology-led Payments Bank, suggests that the services currently “offered by Payment Service Providers aren’t going far enough to support the shift… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

December 15, 2022 @ 8:01 am By Omar Faridi  |  

Banking Circle Group is pleased to announce that Jim Snabe will become the Chairperson of its Advisory Board. Jim Snabe will work closely with Banking Circle Group CEO & Co- founder, Anders la Cour, and the majority shareholder EQT VIII, “to continue the rapid profitable… Read More

November 28, 2022 @ 11:07 pm By Omar Faridi  |  

With Banking Circle’s web3 payments solution, payments businesses and banks can process asset-backed stablecoin settlements “in the same way as fiat currencies, providing their customers with faster settlement and lower fees outside of traditional bank rails.” Banking Circle‘s USDC stablecoins solution can be “utilized for… Read More

October 31, 2022 @ 8:37 am By Omar Faridi  |  

Banking Circle S.A. is set to help US payments providers expand out of the domestic market with low-cost and fast cross-border payments across 25 currencies. Underlining the momentum it has gained as an alternative to correspondent banking for cross-border payments, Banking Circle S.A. is “forecasting… Read More

October 2, 2022 @ 1:36 pm By Omar Faridi  |  

Joompay, a pan-European fintech start-up, celebrates the milestone of 250,000 accounts. Users can open an account online in “a manner of minutes, get a Visa payment card and immediately start saving on their purchases with select merchants, such as Joom Marketplace.” Joompay sees that among… Read More

September 15, 2022 @ 8:42 pm By Omar Faridi  |  

For businesses operating in different jurisdictions, the cost and delays associated with FX and cross-border payments “remain a major pain point,” according to an update from Banking Circle. Banking Circle‘s study into SME attitudes to banking services “revealed that 42% of respondents thought their bank’s… Read More

July 11, 2022 @ 12:49 am By Omar Faridi  |  

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

July 5, 2022 @ 5:05 pm By Omar Faridi  |  

Online payments platform, Payset, is utilizing bank accounts from Banking Circle to offer fast, “low-cost” global payments. Providing customers with multi-currency accounts, pre-paid cards and currency exchange services, Payset helps businesses “hold, exchange and move money around the world quickly, effortlessly, and affordably.” Working with… Read More

June 24, 2022 @ 10:37 am By Omar Faridi  |  

Banking Circle, the tech-led B2B payments bank, has further simplified B2B payments by adding Dynamic Sender Name to the suite of solutions “available to payments businesses.” Delivering a consultative approach to ensure Payments businesses have access to the best payment solution for each customer use… Read More

June 8, 2022 @ 7:27 pm By Omar Faridi  |  

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become “interoperable with one another.” Interoperability of said two systems “is based on the specifications of EMPSA (European Mobile Payments System Association).” TWINT and Bluecode interoperability has already “been running since… Read More

June 1, 2022 @ 1:02 am By Omar Faridi  |  

Money20/20 Europe will see the “convergence of complementary financial services” applications in the Banking Circle ecosystem. A technology-agnostic platform underpinned by an account infrastructure from which a range of financial services can be delivered, the Banking Circle ecosystem will “enable financial institutions to accelerate the… Read More

May 18, 2022 @ 1:38 am By Omar Faridi  |  

Banking Circle, the Payments Bank for the “new economy,” is reporting a “significant” uplift in its performance in 2021 as it continues “to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more… Read More

May 3, 2022 @ 1:47 am By Omar Faridi  |  

Banking Circle, the “tech-first” Payments Bank focused on enabling “fast” and “low-cost” payments, has expanded its payment provision for Poland “with the addition of local Polish Virtual IBAN accounts for collections.” This means PSPs supporting businesses serving the Polish market can now “provide unlimited Virtual… Read More

April 18, 2022 @ 1:27 am By Omar Faridi  |  

Three years ahead of the 2025 deadline for completion, Banking Circle has reportedly  “adopted the ISO20022 messaging standard.” A single common format for all financial communications, ISO20022 “allows participants and systems in different markets to communicate in a consistent message format, using agreed terminology.” Laust… Read More

March 27, 2022 @ 11:02 pm By Omar Faridi  |  

Swiss financial services provider, Igson Capital AG, is enhancing its IBAN offer for firms by working in partnership with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igson Capital AG will also aim to “benefit from Faster Payments and SEPA instant transfers and… Read More

March 24, 2022 @ 8:26 am By Omar Faridi  |  

According to research commissioned by Payments Bank, Banking Circle, big bank de-risking is “significantly hampering the efforts of many financial institutions to deliver services that empower financial inclusion.” The primary cause appears to be “the risk-averse strategies adopted in response to the financial crisis of… Read More

March 8, 2022 @ 10:53 am By Omar Faridi  |  

February has seen “a number of regulatory updates,” as well as more reports of growth within the UK Fintech sector, the team at Banking Circle noted. At Banking Circle, they released their new whitepaper, ‘Payments without Barriers: Focus on Denmark’, examining “the potential from improved… Read More

March 3, 2022 @ 6:05 pm By Omar Faridi  |  

European payment institution, Igoria Trade SA, is enhancing its multicurrency IBAN capabilities by “working in partnership” with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igoria Trade will also “benefit from fast, secure SEPA, SWIFT and Faster Payments transfers.” With head offices in… Read More

February 19, 2022 @ 6:18 pm By Omar Faridi  |  

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More