BANKING CIRCLE NAMED BEST B2B PAYMENTS PLATFORM

Ground-breaking financial utility, Banking Circle, has added another award to its cabinet – winning Best B2B Payments Platform in the Juniper Research Future Digital Awards.

Juniper Research launched in 2001 and specialises in identifying and appraising new high growth market sectors within the digital ecosystem. These awards, decided by a panel of expert judges, identify organisations which have made outstanding contributions to their industry and are positioned to make a significant impact in the future.

Despite living in an age of international interconnection and e-commerce, cross border payments remain a stumbling block – stifling business growth. Payments made through traditional correspondent banking relationships have not changed in decades and do not serve businesses well – the process is too expensive and too slow, and exchange rates are often poor.

Anders la Cour, Co-founder and Chief Executive Officer of Banking Circle commented:

“Banking Circle Virtual IBAN gives FinTechs the unique ability to offer their merchants the facility to pay suppliers and partners directly from a web interface delivered by them, in their name, but without the need for investment in in-house infrastructure. This is done without any loss of time or cash, truly empowering global trade. Winning this award is a great honour, and testament to the dedication and innovative thinking of our entire team.”