Saxo Payments Banking Circle, has launched a white paper examining the true potential of emerging ‘financial utilities’ for tier two and three banks and Financial Tech businesses.
To obtain a copy of the white paper, ‘Reimagining global banking services in the connected digital marketplace’, please Click here
About Banking Circle
Banking Circle is a Payments Bank for the new economy. A tech-led bank with big ambitions to remove the cost and speed barriers of international payments, Banking Circle is investing in the difficult job of integrating a vast network of local clearing and payments schemes to build a unique super-correspondent banking network.
Built on a cloud-first technology stack, we offer a nimble and flexible cross border payments solution, delivering payments at low cost, with full transparency, security and compliance. Fully licenced and 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 in line with high standards of compliance and security – with direct access to clearing that bypasses old, bureaucratic and expensive systems.
For banks, Banking Circle offers an add-on to the correspondent banking model.
For Financial Tech businesses, Banking Circle offers an alternative for managing multiple banking relationships in different regions.
Through Banking Circle, Financial Institutions can offer banking services to their customers, helping them to trade globally, efficiently and at low cost. Importantly, they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation.
Banking Circle has been granted authorisation as a credit institution under point (1) of Article 4(1) of Regulation (EU) No 575/2013, (Bank number LUB00000408) and is under the supervision of the Luxembourg Commission for the Financial Sector (www.cssf.lu).
In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders. The acquisition sees EQT support the continued acceleration of Banking Circle’s growth strategy, in current and new geographies, and the expansion of the product portfolio.
Headquartered in Luxembourg, Banking Circle has offices in the UK, Germany, the Netherlands and Denmark.