Tagged: banking circle

Banking Circle to Put USDC Stablecoins onto its Payment Rails

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

Payset Selects Banking Circle for Cost-Efficient International Payments

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

European Fintech Banking Circle Increases Flexibility with New Payment Solutions

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

Banking Circle Now Supports Bluecode, TWINT Enabling Interoperability between National Mobile Payment Systems

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

Banking Circle Ecosystem Addresses “Rebundling” of Financial Services

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

Payments Fintech Banking Circle Maintains Steady Growth Trajectory

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

Banking Circle Gives Payments Firms Strategic Advantage to Support Sellers Focused on Polish Market

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

Payments Fintech Banking Circle Adopts ISO20022 Messaging Standard

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

Igson Capital AG Extends Infrastructure for Firms with Assistance from Banking Circle

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

Banking Circle Shares Report on Big Bank “De-risking” which Threatens to “Undermine” Financial Inclusion Efforts

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

UK Fintech Firms Received More Investments than Europe, MENA Combined in Past Year: Report

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

Poland’s Igoria Trade SA Extends Multicurrency Infrastructure with Assistance from Banking Circle

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

Banking Circle Whitepaper Examines Opportunities, Challenges for Cross-Border Trade

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

Banking Circle Now Offers Quicker Payments for DiPocket, a Corporate Disbursements Solutions Provider

DiPocket, a corporate disbursements and payment solutions provider, is enhancing customer access to Faster Payments via its partnership with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN for both company and client fund accounts, DiPocket will offer its clients with access to Faster… Read More

BNPL Biller Acquires Banking Circle

  AI-powered buy now, pay later (BNPL) service Biller, has acquired and “joined” Banking Circle. Biller states that it will benefit from immediate access to the firm’s technology infrastructure, financial resources, payment rails, and licenses to accelerate its European expansion. Banking Circle is a provider… Read More

UK Head of Compliance and MLRO at Banking Circle Joins The Payments Association’s Advisory Board

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

COVID-19 Continued to Accelerate Change During 2021 in Fintech and Financial Services Sector, Along with New Regulations: Report

2021 continued to be another “unprecedented year in the financial services industry,” according to an update from payments specialist Banking Circle. The team at Banking Circle points out that not only did the impact of COVID-19 “continue to accelerate change, but a number of new… Read More

B2B Cross-Border Payment Provider, Verto, Partners with Payments Fintech Banking Circle

B2B cross-border payment provider, Verto, has teamed up with payments bank, Banking Circle, in order to streamline global payments for its customers. Utilizing the Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s domestic payment channels, Verto is “addressing the pain points of complicated… Read More

Payments Fintech Banking Circle Appoints Timo Florian Zwez as Head of Inst Banking for DACH Region

Payments Fintech Banking Circle, the tech-focused payments bank, has appointed an experienced banker as its new Head of Institutional Banking for the DACH region. Timo Florian Zwez has reportedly joined Banking Circle from commercial wholesale bank, Bayerische Landesbank (BayernLB), where he spent around 6 years… Read More

Instant Payments Volume to Surge 470% in 5 Years, CBDCs May Also Streamline Cross-Border Transactions: Report

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

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