Financial services utility shortlisted in three Awards.
Saxo Payments Banking Circle has further reinforced its position as a financial utility for core banking services, by being shortlisted in three different industry Awards.
The Banking Circle’s latest unique banking solution, Banking Circle Virtual IBAN, has been shortlisted for the Banking Technology Awards Best Corporate Payments Initiative; the Financial Innovation Awards Best Payment Initiative and Best Industry Innovation of the Year in the 2018 Card and Payments Awards. The Banking Circle platform is also shortlisted in the Best Alternative or Digital Payments Programme in the 2018 Card and Payments Awards.
Winners of the Financial Innovation Awards, from The London Institute of Banking & Finance and UK Finance, will be announced on 7th December 2017, celebrating innovation across the banking and finance industry. The Banking Technology Awards, in their 18th year, recognise excellence and innovation in the use of IT in financial services around the world. Winners will be announced at a prestigious gala dinner and award ceremony on 13th December 2017. The announcement of the winners of the 2018 Card and Payment Awards will take place on 1st February 2018, recognising the pinnacle in new innovation in the cards and payments sectors.
Delivering full transparency and faster settlement on payments and transfers, Banking Circle Virtual IBAN is a unique proposition, giving banks and FinTechs a crucial competitive edge by enhancing the service they can deliver to their customers. 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.
With full transaction transparency, payments acceptance and screening time are reduced. Banking Circle Virtual IBAN also reduces the likelihood of errors in processing cross border payments and improves reconciliation and settlement times.
Anders la Cour, co-founder and Chief Executive Officer of Saxo Payments Banking Circle commented, “Giving Financial Tech businesses and banks the ability to issue individual IBANs to their customers, in any currency required – and in each customer’s name – Banking Circle Virtual IBAN is a serious game-changer. It’s great, therefore, that our focus has been recognised with these shortlistings.
“Being shortlisted for three highly-respected industry awards is a huge honour for us, recognising the market importance of the Banking Circle Virtual IBAN solution and the hard work, talent and dedication of the entire Banking Circle team.”