London, 14th November 2018 – Underlining the industry take-up it has achieved, ground-breaking financial utility, Banking Circle, has been nominated for three Card & Payments Awards.

Banking Circle Virtual IBAN has been shortlisted for Best Achievement in Payments Processing, Best Technology Initiative of the Year and Best Alternative or Digital Payments Programme. Winners will be announced at a dinner and ceremony in London on 7th February 2019.

The Card & Payments Awards recognise excellence and innovation in the UK and Irish card and payments industries. An independent judging panel of industry experts selects the winners of these prestigious awards.

As a multi-currency, multi-jurisdictional banking solution, Banking Circle Virtual IBAN negates the need to have several banking relationships and enables financial institutions to give their customers their own virtual IBANs.

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

“To be nominated in no less than three categories for the Card & Payments Awards is testament to the hard work and innovation of our entire team. The first multi-currency Virtual IBAN to be offered by a non-bank, Banking Circle Virtual IBAN delivers a unique solution for financial institutions, enabling them to add value to their customer proposition, giving them a competitive edge without requiring any significant investment in resources or systems.”