London, May 2018 – Saxo Payments Banking Circle, the ground-breaking financial utility, has secured another award recognising its market-leading innovation in the creation of the Banking Circle Virtual IBAN solution. Global Finance magazine has named Banking Circle Virtual IBAN in its sixth annual awards, The Innovators 2018.
The list includes companies and solutions which regularly identify new paths and design new tools in the financial services industry. Joseph D. Giarraputo, publisher and editorial director, of Global Finance commented, “Global Finance’s selections for The Innovators 2018 are all organizations that encourage and support creative thinking and have developed that thinking into viable solutions.”
Banking Circle Virtual IBAN allows Financial Institutions to enhance their service proposition, by providing them with access to international business bank accounts. Through Banking Circle, banks and Financial Tech businesses gain a crucial competitive edge, with the ability to issue their customers with multi-currency IBAN accounts in their own name and in multiple jurisdictions.
Building on the already successful Banking Circle platform, Banking Circle Virtual IBAN delivers full transparency and faster settlement, enabling Financial Tech businesses to offer a full transactional service to their customers.
Anders la Cour, co-founder and Chief Executive Officer of Saxo Payments Banking Circle commented, “Global Finance is a highly respected publication in the Financial Services industry, and to be recognised by them as one of the most innovative companies in the market is a great honour. The Banking Circle team works hard to continually develop our existing product suite and to create new solutions to meet the ever-changing needs of businesses. This award win, our fifth so far in 2018, is testament to the dedication of the team, and clearly demonstrates the market importance of the solution provided by Banking Circle Virtual IBAN.”