Tech-led bank wins ‘Payments Innovation of the Year’
London, March 2022 – For the third consecutive year, Banking Circle has been named a winner at the FSTech Awards, this time being awarded Payments Innovation of the Year. The FSTech Awards have been running for more than two decades, recognising and celebrating companies that have demonstrated excellence and innovation within the UK and EMEA financial services sector.
FSTech judges for the Payments Innovation of the Year category looked for genuine innovation in the payments space, that meets industry challenges and truly benefits the end customer. Banking Circle was presented with the award at the Awards dinner on 16th March.
The digitalisation of global commerce has accelerated immeasurably and businesses can’t afford to be left behind by their payments processes. They need B2B payments partners that can help them trade cross-border without incurring significant cost or delays. To tackle the existing market challenges that cause these high costs and long delays, Banking Circle has committed significant investment to integrating a vast network of local clearing and payments schemes to build a unique super-correspondent banking network. This new network provides the bank’s clients – Banks and Payments businesses – with direct access to clearing in multiple countries, for fast and cost-effective international B2B payments.
Through its unique suite of solutions, Banking Circle gives Banks, Payments businesses and FinTechs a local presence in the markets they want to serve without them having to invest in a physical presence.