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Banking Circle

Bank on us for faster, lower cost, global banking
Banking Circle is a global scale financial utility, underpinning the service propositions of financial institutions allowing them to focus resources on the customer relationship.

By becoming a member of Banking Circle, financial institutions can offer banking services to their customers and help them to trade globally, at low cost and efficiently. Importantly they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation.

For businesses within the financial tech industry, Banking Circle offers an alternative for managing multiple banking relationships in different regions. For banks, Banking Circle offers an add on to the correspondent banking model.

Membership of Banking Circle offers core benefits for both financial tech businesses and banks:

Financial tech businesses bank on us to access accounts everywhere, settle payments quickly and improve customer services by:

  • Offering banking services to their clients
  • Improving cash flow through enhanced speed of settlement
  • Building client loyalty and retention through added value

Banks bank on us to reduce operational costs and risk while increasing their global reach:

  • Reduce overheads through lower operational cost of transactions
  • Reduce administrative resource needed to identify transaction laundering and lower risk
  • Service global markets and extend your service offering to encompass different payment types

As a member of Banking Circle you can:

Bank on growth – one account gives you rapid access to new markets worldwide

Bank on profitability – pay and receive funds from businesses at low FX rates. Automatically convert funds to any currency you choose

Bank on speed – introduce your suppliers and partners to Banking Circle so you can all pay invoices or receive money in seconds rather than days

The freedom to trade globally
Membership of Banking Circle gives financial tech businesses the geographic reach and access to the markets their customers want to trade in, underpinned by a financial utility that enables global payments and settlements through a global account infrastructure, a global FX capability and a secure and compliant banking platform.

Expert knowledge to bank on
Our team of specialists work closely with each client, helping them select the best solutions and delivery channels for their business and corporate environment. Whether they choose to connect via our web-based services, via SWIFT or our APIs, transactions are always secure, reliable and efficient.

Articles

B4B Payments signs deal to join the Banking Circle ecosystem

B4B Payments (B4B), a leading global provider of card issuing solutions for businesses, is set to join the Banking Circle ecosystem to complement the Banking Circle Payments Bank, providing accounts, payments and issuing to Payments businesses, Banks and Corporates. The deal is now going through the regulatory approval process. After closing of the acquisition, B4B will operate as an independent sister company of Banking Circle.

BANKING CIRCLE IMPROVES SPEED AND REDUCES COST FOR BUSINESSES TAPPING INTO DANISH MARKET

B2B Payments bank, Banking Circle, has joined the Danish national intraday clearing system. Through Banking Circle as a direct clearing participant, Payments businesses and Banks can now pay out and collect payments locally in Denmark on behalf of their customers more quickly and at lower cost than via traditional cross border payment methods. This will enable e-commerce businesses around the world to tap into the growing Danish market.

Skills gaps holding financial institutions back

The latest study from Banking Circle has revealed the new challenges faced by CIOs and CTOs working in Banks and FinTechs. The insight from the Payments bank for the new economy found that more than half have skills gaps in their organisations that could hold them back from capitalising on the latest technology, seriously undermining their post-COVID recovery.

BANKING CIRCLE AND B4B PAYMENTS JOIN FORCES FOR INNOVATIVE CORPORATE PAYMENTS SERVICE

B4B Payments, a leading global prepaid payments provider, has selected Banking Circle to provide payments infrastructure for its corporate banking services. Providing prepaid solutions to businesses for more than 15 years, FCA authorised B4B enables organisations of any size to manage expenses, simplify payroll, reimbursements, and offer employee rewards and incentives.

PAYALLY STRENGTHENS INTERNATIONAL PAYMENTS OFFERING THROUGH NEW PARTNERSHIP WITH BANKING CIRCLE

PayAlly, the fully integrated payments ecosystem for SMEs is using Banking Circle solutions to improve its multi-currency B2B cross border payments services. In particular, the new partnership gives PayAlly access to a wider choice of payment rails through the Banking Circle super-correspondent banking network, thereby improving the speed and cost of international payments for its e-commerce customers.

Banking Circle joins P27 initiative as a front-runner bank to support consolidation of currently fragmented Nordics payments ecosystem

Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in the jigsaw to remove the cost and time currently experienced in domestic and cross border payments to and from the region.

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