Banking Circle Named Best B2B Payments Platform
Financial utility Banking Circle has won Best B2B Payments Platform in the Juniper Research Future Digital Awards. Having launched in 2001, Juniper Research 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 that 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 CEO of Banking Circle commented: “Banking Circle Virtual IBAN gives fintechs the 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.”