Bank on us for faster, lower cost, global banking
Saxo Payments Banking Circle is a global scale financial utility, underpinning the service propositions of a wide spectrum of financial institutions, allowing them to focus resources on the customer relationship.
Membership of Banking Circle gives financial institutions the geographic reach and access to the markets their customers want to trade in, underpinned by a financial utility that enables global payments and settlements through a global account infrastructure, a global FX capability and a secure and compliant banking platform.
For banks, Banking Circle offers an add-on to the correspondent banking model.
For Financial Tech businesses, Banking Circle offers an alternative for managing multiple banking relationships in different regions.
By becoming a member of Banking Circle, financial institutions can offer banking services to their customers, helping them to trade globally, at low cost and efficiently. Importantly they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation.
Saxo Payments Banking Circle is a subsidiary of the Saxo Bank Group. Banking Circle has been granted authorisation as a payment institution according to the Danish Payment Services and Electronic Money Act, and is under the supervision of the Danish Financial Supervisory Authority (www.finanstilsynet.dk). The authorisation granted enables Banking Circle to carry out its payment service activities within the European Union and in countries with which the European Union has entered into an agreement for the financial area.
Saxo Payments Banking Circle is a subsidiary of Saxo Bank A/S. Saxo Bank A/S is a fully licensed and regulated European bank specialising in online trading and investment across global financial markets.
Saxo Bank Group is headquartered in Hellerup, Denmark and is present in London, Paris, Singapore, Zurich, Dubai, Tokyo and other financial centres around the world.