Financial utility recognised for innovative contribution to
emerging payments industry
London, 3rd July 2019 – Banking Circle, the ground-breaking financial utility, has been named as a finalist in four coveted Emerging Payments Awards categories: Best International Payments, Remittance or use of FX; Best B2B Payments Programme; Best Back Office Innovation and Best Technical Service Organisation supporting Emerging Payments.
The 12th annual Emerging Payments Awards recognise excellence and innovation in payments, with winners selected by an international panel of expert judges looking for the best innovations in the payments ecosystem. Winners will be announced at a prestigious dinner and awards ceremony in London on 3rd October.
Anders la Cour, co-founder and Chief Executive Officer of Banking Circle commented: “It is fantastic to have been shortlisted for these industry-leading awards once again. In 2018 we won two of the four categories in which we are finalists this year, so it is hugely encouraging to be shortlisted again as it demonstrates the value of our continued innovation.
“2018-19 has been a busy, exciting and challenging year for Banking Circle. We launched highly-successful new solutions including Banking Circle Lending and Banking Circle Instant Settlement, the business was acquired by investment firm EQT for $300million and we published several industry white papers. We are committed to continually assessing gaps in the current market offering and developing ground-breaking solutions to meet the changing needs of the payments market. Being named as a finalist in four Emerging Payments Awards clearly shows that our dedicated team is serving our industry effectively.”
Banking Circle is a global scale financial utility that gives banks and financial tech businesses the ability to enhance their customer proposition. Leading the rise of a super-correspondent banking network, Banking Circle is increasing international financial inclusion by helping financial institutions provide their customers and previously excluded businesses with faster, cheaper banking solutions. These solutions include banking accounts, local and cross border payments, multi-currency IBAN accounts and flexible lending solutions, and negate the need for financial institutions to build their own infrastructure and correspondent banking partner network.
About Banking Circle
Banking Circle is a next-generation provider of mission-critical financial services infrastructure leading the rise of a super-correspondent banking network. Banking Circle empowers banks and financial tech businesses to support customers’ trading ambitions – domestic and global – whilst reducing risk and the operational cost of transactions. Banking Circle solutions are increasing financial inclusion by helping thousands of businesses transact across borders in a way that was previously not possible.
In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank’s core capabilities within the non-cash payments market. In October 2015 the company launched the Banking Circle – its ground-breaking product for payments and FX to the Financial Tech industry. In October 2017, the company launched its new identity for Banking Circle, to reflect its position as a financial utility servicing Financial Tech businesses and banks. In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders.
Domiciled in the European Union, Banking Circle specialises in providing global banking services including accounts, payments, lending and foreign exchange services to financial institutions, including FinTechs, banks, acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers.
For further information and interviews please contact the Banking Circle Press Office:
Wendy Harrison/Lucy Wright – Harrison Sadler
T: 0208 977 9132