Tagged: banking circle

November 23, 2021 @ 3:51 pm By Omar Faridi  |  

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

October 2, 2021 @ 8:47 am By Omar Faridi  |  

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

September 16, 2021 @ 8:36 am By Omar Faridi  |  

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

August 15, 2021 @ 7:59 pm By Omar Faridi  |  

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 9, 2021 @ 12:24 am By Omar Faridi  |  

Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, has reportedly chosen Banking Circle in order to improve its existing service proposition for merchants. Importantly, the collaboration with Banking Circle should assist Paymaster24 with speeding up payments while offering additional currencies to its… Read More

June 23, 2021 @ 9:59 pm By Omar Faridi  |  

SnapSwap, a provider of digital transformation services for financial services and businesses, has reportedly chosen Banking Circle to offer quicker and lower-cost payments to its clients. By leveraging Banking Circle’s Payments on Behalf of (POBO) and Collections on Behalf of (COBO) services, SnapSwap will see… Read More

June 14, 2021 @ 10:07 pm By Omar Faridi  |  

B4B Payments, a multinational prepaid payments provider, has chosen Banking Circle to offer  payments infrastructure to support its corporate banking services. Offering prepaid solutions to businesses for over 15 years, Financial Conduct Authority (FCA) approved B4B Payments enables companies to effectively manage their finances, which… Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

May 14, 2021 @ 12:37 am By Omar Faridi  |  

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

May 6, 2021 @ 8:37 am By Omar Faridi  |  

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

April 23, 2021 @ 1:17 am By Omar Faridi  |  

One-stop business payment solution provider, Safenetpay, has partnered with payments specialist, Banking Circle, to enhance its international payment offering. By utilizing Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions solutions and foreign exchange (FX) capabilities, Safenetpay’s business clients will be able to “access additional currencies,… Read More

April 17, 2021 @ 4:47 pm By Omar Faridi  |  

Earlier this week, Online Payment Platform, the Netherlands based payment services provider, chose Banking Circle to help it support global marketplaces As confirmed in a release, Online Payment Platform selected payments specialist and licensed bank, Banking Circle, to “enhance its marketplace offering.” As mentioned in… Read More

April 4, 2021 @ 3:18 pm By Omar Faridi  |  

The team at Banking Circle, a leading financial infrastructure developer, notes that as the first quarter of 2021 comes to an end, anti-money laundering or AML measures have been “a key focus in the industry.” The company writes in a blog post that following the… Read More

March 19, 2021 @ 7:24 am By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that the rapid and widespread digital adoption by banking clients, and the accelerated digitalization across financial services following the COVID-19 outbreak have “expanded the opportunity for fraud.” Criminals are increasingly exploiting “gaps” found between digital solutions or platforms,… Read More

March 15, 2021 @ 10:45 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that McKinsey has found that around $800 billion to $2 trillion has been laundered annually via the international banking system. Banking Circle reveals that criminals keep using more sophisticated methods to launder funds, which may put the reputations… Read More

February 28, 2021 @ 7:33 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More

January 30, 2021 @ 8:07 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that only a month into the new year, and partnerships are already beginning to emerge as “a strong theme underpinning the future of the industry.” Banking Circle also confirmed that they’ve teamed up with global provider of local… Read More