The world is evolving at a rapid pace with technology paving the way forward. Tech has permeated almost every sector there is, in one way or another. Banking is one such space wherein new entrants have made a mark and are changing the status quo.
Luxembourg-headquartered startup Banking Circle is one such notable company contributing to the global fintech industry boom and also helps its clients boost their financial operations.
In an exclusive interview with UKTN the company’s co-founder and CEO, Anders la Cour, shared all about Banking Circle’s workings, business model, future plans for 2021 and beyond.
A cutting edge ‘payments bank’
In simple terms, Banking Circle calls itself a ‘Payments bank’ that serves financial institutions and large companies’ needs. It holds a full banking licence and is regulated by the CSSF in Luxembourg with offices in the UK, Germany, Denmark and Luxembourg. The company’s cloud-based infrastructure enables direct access to clear in multiple countries, and it is not constrained by the legacy issues correspondent banks face. ...