Saxo Payments Banking Circle

Banking Circle is a financial utility dedicated to giving businesses faster, more efficient ways to conduct business on a global scale. Membership is open to financial institutions including card acquirers, PSPs, APMs, FX payment providers, and banks. Merchant Membership is open to merchants who join via their payment solution providers.

Company Insights

Winds of change in cross border banking

9th May 2018

Having remained relatively unchanged for many generations, the cross border payments map is being transformed. The forces driving change are coming from all angles, entirely reshaping the landscape, and drawing a new map. New entrants are changing expectations and demand. Large global banks are retreating from their traditional correspondent...
How emerging financial utilities could solve the pain points for international payments

28th November 2017

Pressure continues to weigh heavily on the shoulders of the financial services industry, with increased regulation, the high cost of cross border payments, and the correspondent banking system becoming even less effective as banks retrench from foreign markets. Added to that, financial tech businesses and other new entrants that are also able to...
How banks and fintechs need to adapt to a shrinking global banking landscape

13th March 2017

Anders la Cour, Chief Executive, Saxo Payments The global transaction banking industry is experiencing one of the biggest shake-ups it has seen in decades. Non-bank tech disruptors such as Bitcoin and the blockchain, the eastward shift in global economic power, low-interest earnings in developed markets, the emergence of challenger banks, and...
Will 2017 be another year of disruption for the Payments Industry?

16th January 2017

Disruption was a frequently used word in the payments industry throughout 2016; and 2017 is looking to be just as exciting. New regulation, improved support for non-bank players and increased collaboration are all set to further shake-up the established status quo. The digital space is shifting the payments landscape. We now live in a world...
Agility and collaboration: the key to success

21st November 2016

“The customer is king”: not a new phrase. But a phrase that probably resonates more than ever in the banking and payments sector as traditional boundaries are broken down and there is almost a free-for-all when it comes to competing for customers.    Undoubtedly the digital world has been at the heart of the changes seen in...
A new phenomenon - the underbanked FinTech

16th September 2016

Accelerator programmes, sandboxes and tech labs. These are all some of the latest buzzwords in banking and FinTech.  And they present some really exciting opportunities.   FinTech accelerators are popping up across the world, from The Bank of England  to Nordea in Helsinki and Stockholm, and The VC FinTech Accelerator in...
Foreign exchange of the future – streamlined, cost effective, fast

6th July 2016

In terms of currency and exchange rates, 2016 is expected to be another highly volatile year. The first half of the year has lived up to expectations, with Sterling in particular having had a tumultuous ride in the lead up to the ‘Brexit’ vote in June. Uncertainty around whether or not the UK will remain in the EU not only affected...
A different banking landscape

27th May 2016

Today, an increasing share of global economic activity involves cross border transactions. According to the latest McKinsey reports, in 2016 cross border electronic payments are expected to account for 81% of the value of all global payments flows. That’s an increase of 16% in a decade - up from 65% in 2006. In the era of the networked...
Missed Opportunities In Today's B2B Payments Landscape

5th April 2016

With international trade increasing rapidly, payments processes need to keep up to ensure they do not hold businesses back from their full potential. Traditional cross border bank transfers are no longer the only solution, but research commissioned by Saxo Payments released at Money2020 Europe shows that companies often lack the time and resources...
Ushering in the new era of banking innovation

15th March 2016

The past few years have seen a technology-led revolution in how we live our lives. Who would have thought, five years ago, that today we would be doing our weekly shop on our mobile phones on the bus, that we would wear wristbands to track our exercise, calories burned and sleep patterns or that we would pay to stay in the homes of strangers around...