Innovative Payments Bank named as a finalist in two categories
London, 15th July 2021 – Banking Circle, the tech-led, cloud-based Payments Bank, has been shortlisted in the Best International Payments, Remittance or use of FX and Best Back Office Solution categories of the 2021 Emerging Payments Awards. The awards saw 50% more submissions this year, with hundreds of payment industry influencers from 30 countries competing for the 20 prestigious awards.
An independent panel of more than 60 judges from all over the world assessed the entries and were impressed with the quality of innovative payment solutions developed. Taking advantage of easing COVID-19 restrictions, winners will be announced at a glittering awards ceremony at JW Marriott Grosvenor House London, on 6th October 2021.
“The Emerging Payments Awards are extremely well respected in the industry and a win is highly sought after,” commented Anders la Cour, co-founder and Chief Executive Officer of Banking Circle.
“Banking Circle has been nominated for multiple Emerging Payments Awards each year since the bank launched as a cross border payment provider in 2016. We have been delighted to win seven times, including winning the Best Back Office Solution and Best International Payments, Remittance or use of FX categories for which we are nominated again this year. The industry has been inspirational in the way it has fast-tracked digital innovation in the past 18 months, so it is an even greater honour to be shortlisted this year.”
Banking Circle was launched to help facilitate faster, lower cost and more accessible cross border payments for businesses by doing the heavy-lifting for our customers and allowing them to focus on delivering the best services and building customer relationships. As such, the two award categories for which Banking Circle is shortlisted recognise the bank’s core offering and the mission at the centre of all it does.
Anders la Cour continued: “This double shortlisting is a testament to the hard work, dedication and innovative design and engineering of our entire team. Everyone at Banking Circle has risen to the challenge of growing Banking Circle during a worldwide pandemic and exceeded all expectations.
“Since the start of COVID-19 we have doubled our number of employees and doubled our client base. In 2020 we processed 6% of European B2C eCommerce flow and processed EUR 155billion of payments volume. We look set to increase that in 2021, as we are on target to reach EUR 250billion run-rate annual payment volumes and 100million annual bank transfers by the end of the year.”
About Banking Circle
Banking Circle is the Payments Bank for the new economy. As a fully licenced 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 in line with high standards of 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 FX 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.