At A Glance
The network for global commerce
Banks and Financial Tech businesses – including payments businesses, PSPs, Payment Gateways, Acquirers, Wallets
Supply Chain Processes:
Cross border banking
Banking Circle is a financial infrastructure provider to Payments businesses and Banks. As a fully licensed bank, free of legacy systems, Banking Circle technology enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost and with world-class compliance and security – with direct access to clearing that bypasses old, bureaucratic and expensive systems.
Banking Circle solutions are increasing financial inclusion. From accounts to lending, international payments to settlements and risk hedging to compliance, Banking Circle technology is helping thousands of businesses transact across borders in a way that was previously not possible.
Banking Circle is owned by EQT VIII and EQT Ventures in partnership with Banking Circle’s founders. Headquartered in Luxembourg, Banking Circle has offices in London, Munich, Amsterdam and Copenhagen.
What We Do
Leading the rise of a super-correspondent banking network, Banking Circle is helping financial institutions to provide their customers with faster and cheaper cross border banking solutions, without the need to build their own infrastructure and correspondent banking partner network.
By becoming a member of Banking Circle, financial institutions can offer banking services to their customers, helping 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. Membership of the 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 the 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
How We Do It
Banking Circle gives banks and FinTechs an important customer proposition advantage, enabling them to support clients who need the geographic reach and access to the markets within which they want to trade. Membership of the Banking Circle provides them with global payments and settlements through a global account infrastructure, a global FX capability and a secure and compliant banking platform. This simplifies international trading and helps them to succeed in all their markets.
Banking Circle provides the FX transaction competences that companies need to efficiently interact with their customers, suppliers and counterparties. It helps businesses make and receive transactions, control cash flow and serve their customers. This allows organisations to focus on their core business, accelerate supply chains, manage operating and regulatory risk, as well as optimise efficiency.
As a member of the Banking Circle, FinTechs and Banks can:
- Open IBAN accounts (in their own name) in multiple currencies
- Get customised, low-cost FX solutions
- Access global and local clearing methods (SEPA, CHAPS, SWIFT and many more)
- Open multi-currency accounts for online marketplace sellers in multiple currencies
- Offer merchants fast access to cash without any credit exposure
- Get added value solutions for specific needs (e.g. Virtual IBAN solution in multiple currencies)
Cardstream Works With Banking Circle to Create Unique Lending Service:
Independent payment solutions provider, Cardstream, has partnered with Banking Circle to pioneer a unique joint white label lending solution. Each of Cardstream’s more than 200 Partners provides payment services to many hundreds of SME merchants. Now, with the launch of this new initiative, they can offer these merchants access to affordable, flexible business loans which could make the difference between their success or failure.
Triple shortlisting for Banking Circle at Card & Payments Awards 2020:
Banking Circle, ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing.
Banking Circle Lending Named Best Alternative SME Lender (£0-£250,000) at Credit Strategy Lending Awards: The Lending Awards is the only awards programme which distinguishes and rewards individuals and businesses across the spectrum of Alternative Lending, Commercial Finance and Mortgage sectors. As such they celebrate and recognise excellence across the UK credit market.