London, 14th November 2018 – Underlining the industry take-up it has achieved, ground-breaking financial utility, Banking Circle, has been nominated for three Card & Payments Awards.
Banking Circle Virtual IBAN has been shortlisted for Best Achievement in Payments Processing, Best Technology Initiative of the Year and Best Alternative or Digital Payments Programme. Winners will be announced at a dinner and ceremony in London on 7th February 2019.
The Card & Payments Awards recognise excellence and innovation in the UK and Irish card and payments industries. An independent judging panel of industry experts selects the winners of these prestigious awards.
As a multi-currency, multi-jurisdictional banking solution, Banking Circle Virtual IBAN negates the need to have several banking relationships and enables financial institutions to give their customers their own virtual IBANs.
Anders la Cour, Co-founder and Chief Executive Officer of Banking Circle, commented:
“To be nominated in no less than three categories for the Card & Payments Awards is testament to the hard work and innovation of our entire team. The first multi-currency Virtual IBAN to be offered by a non-bank, Banking Circle Virtual IBAN delivers a unique solution for financial institutions, enabling them to add value to their customer proposition, giving them a competitive edge without requiring any significant investment in resources or systems.”
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