The Payments Bank for the new economy

Banking
Circle

AT A GLANCE

Key Personnel:

Anders la Cour, co-founder and Chief Executive Officer

Head office:

Luxembourg

Global Reach:

UK, Denmark, Germany, Netherlands

Founded:

2013

Category:

Payments, Banking-as-a-Service, FX


Banking Circle is a ‘Payments bank’ built to service the needs of Financial Institutions which secured a full banking licence from the CSSF Luxembourg in 2019. Headquartered in Luxembourg and with offices in the UK, Germany and Denmark, Banking Circle is leading the rise of a new super correspondent banking network.

Banking Circle was launched to help Banks, Payments businesses and FinTechs deliver a service to their business customers to be able to transact globally more efficiently. Significant investment is being made to connect to the payment rails across all key geographies and jurisdictions – supported by a cloud-based infrastructure – to provide direct access to clearing in multiple countries. As such, unconstrained by the legacy issues of correspondent banks, Banking Circle is providing a modern payment solution, enabling financial institutions to get as close to the clearing as possible because that means the transaction will be faster and more cost-effective.

Based on McKinsey analysis of the size of the global B2C e-commerce space it is estimated that Banking Circle now settles 6% of the world’s B2C e-commerce flow and 100 billion euros of point of sale B2B e-commerce flow.

Through Banking Circle, Financial Institutions can access a range of banking services - multi-currency banking accounts, local clearing and cross border payments, all underpinned by market leading compliance and security - without the need to build their own infrastructure.


BANKING CIRCLE BUILDS 100% SUSTAINABLE STAND FOR MONEY20/20 EUROPE
October | 2021
99% plastic-free stand built with recycled materials and eco-positive techniques to cut carbon and waste www.bankingcircle.com To ensure a positive co
KNOWLEDGE CIRCLE SERIES
October | 2021
Pivoting payments into full service banking: Who will be the winners in the race for the customer? The Knowledge Circle series is back from a summer b
info@bankingcircle.com
2 Boulevard de la Foire, L-1528, Luxembourg

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