Banking Circle

Stablecoins are increasingly unlocking utility in today's payments ecosystem. The current state of play reveals a growing need for stablecoins in the traditional finance arena. For stablecoins to reach their full potential, greater integration into traditional finance is essential. This integration can offer stability and efficiency, enhancing the financial landscape by bridging the gap between digital and fiat currencies. We are a proud banking provider to Wirex who offer real-time off-ramping between stablecoins to fiat powered by Banking Circle's stablecoin - Eurite (EURI). This partnership exemplifies the unique benefits of integrating stablecoins into traditional banking systems, leading to seamless transactions, reduced costs, and faster processing times. We caught up with Wirex's Global Head of Payments, Svyatoslav (Slava) Garal, to discuss how Wirex aims to go beyond just acting as a bridge between the traditional world of finance and Web3. Their mission is to foster an integrated world where stablecoins are a fundamental component of everyday financial interactions, aligning with the evolving digital economy. By doing so, Banking Circle and Wirex are paving the way for a more seamless and inclusive financial ecosystem. #crossborderpayments #stablecoins #payments #bankingcircle #finance

Small businesses are increasingly ambitious, with many seeking to enter new markets, particularly internationally. Whereas their reach once focused on neighbourhoods or single cities, they are now looking beyond local boundaries.  It’s time to create a payment system that matches their ambition.     Download the piece on our insights page: https://lnkd.in/gW4iD3zj #payments #crossborderpayments #bankingcircle #sme

McKinsey's 2024 Global Payments Report highlights a critical transformation in financial services. Global payment revenues will reach $3.1 trillion by 2028, representing 35% of total banking revenue.  McKinsey identifies instant payments as a key driver, particularly in the EU, where transaction volumes are projected to grow from 3 billion to 30 billion by 2028.     At Banking Circle, these findings reinforce our strategic focus on building modern payment infrastructure.     Three key insights particularly resonate with our mission:     1. Instant payments will reshape European banking  2. Transaction banking is evolving toward consumer-grade experiences  3. Infrastructure modernisation is no longer optional     The industry's future belongs to those who can manage increasing complexity while delivering simplicity. Financial institutions face a clear imperative: modernise payment infrastructure or risk losing market share to more agile competitors.     As we help our clients navigate this transformation, McKinsey's analysis validates Banking Circle's fintech-first focus on building robust, scalable payment solutions that meet tomorrow's demands while maintaining the reliability our institutional clients expect.    Read more: https://lnkd.in/eiyAqu3m  #payments #crossborderpayments #banking #bankingcircle

Banking Circle is a payment specialist bank. We recognise the role stablecoins have in the future of payments. Watch Bjørn Krog Andersen describe the hurdles we need to bridge with stablecoins and the traditional fiat world. We believe that this offering will support the growth and efficiencies in global cross-border transactions in 2025 and beyond. To understand the difference between Bank and EMI issued stablecoins, visit: https://lnkd.in/gWqWkVxM #payments #bankingcircle #crossborderpayments #banking

Bjørn Krog Andersen, Chief Compliance Officer at Banking Circle, recently spoke at Luxembourg Blockchain Week about the future of private money. As digital dollars gain traction, the coexistence of stablecoins (private money) and CBDCs (public money) becomes a pressing question. The MiCA regulation has positioned Europe well, but ongoing regulatory evolution is crucial to keep up with Fintechs and Banks innovating in this field. Traditionally, European banks have navigated the digital asset landscape with justified caution. This prudence has upheld stability and trust within the sector, yet current market dynamics necessitate a shift to a more proactive approach. An example of Banking Circle’s contribution to the evolution of money is our stablecoin, Eurite (EURI). For more insights, visit: https://lnkd.in/gW4iD3zj #stablecoins #payments #crossborderpayments #bankingcircle

We are extremely honoured to have won Fireblocks Innovator of the Year award announced at SPARK 24’ in Barcelona. This award recognises the successful launch of the first bank-backed MICA-compliant stablecoin, #EURI. #EURI redefines innovation in stablecoins: delivering trust, efficient settlement, robust safety and security, and the assurance of redemption at par value anytime. Thank you to Fireblocks for recognising the work we do in innovating the payments scene. #FireblocksSPARK #stablecoins #payments #fintech #crossborderpayments #banking

We were delighted to have sponsored this year’s Finance Dinner, hosted by the The Belgium-Luxembourg Chamber of Commerce in Hong Kong and Dutch Chamber of Commerce in Hong Kong. Thank you to all who joined for sparking insightful discussions and sharing your valuable perspectives. #bankingcircle #payments #fintech #crossborder #finance

The future of digital payment solutions is not just about technology — it is about trust. As demand for bank-issued stablecoins rises, one thing is certain for institutional adoption: robust, bankruptcy-remote structures are essential to protect client assets and ensure long-term stability. Our latest insights piece explores why these structures are the non-negotiable standard for Euro stablecoins, offering innovative solutions without compromising on security. Read more: https://lnkd.in/gHJcCXaW #Stablecoins #BankingInnovation #Payments #DigitalFinance

Banking Circle is continuously strengthening and improving the speed and efficiency of our payment capabilities across Europe and globally to meet our client needs.   We are proud to announce our participation as early adopters of the SEK RIX-Instant scheme bringing real-time payment capabilities to Sweden.   With RIX-INST, Banking Circle enables instant transactions (both collections and payouts with local Swedish accounts/ IBANs), helping businesses across Sweden optimise cash flow and transaction speed.   Benefits of RIX-INST for our clients:  - Instant payments which reduce settlement risk - 24 hours, 365 days a year availability - Enhanced liquidity for financial institutions - Future proofed by meeting the evolving needs of the Nordic market to become instant   With a single API connection to Banking Circle and instant payments on the TIPS platform for both SEK, EUR and soon DKK, Banking Circle delivers seamless operational processes fulfilling the end consumer payment needs.   Stay tuned as we deliver more innovative payment solutions globally, e.g. our upcoming expansion of instant offering in Swiss Franc and Danish Kroner in H1 2025, with more to follow. Read more here: https://lnkd.in/gznsVmis #payments #SEK #Sweden #CrossBorderPayments #Fintech #InstantPayments #BankingCircle

Wirex and Banking Circle are working together! With millions of customers in 130 countries, Wirex is committed to delivering seamless and efficient financial experiences. This strategic collaboration enhances Wirex’s global offerings through: 🌍 Global bank accounts for optimised treasury and streamlined management of fiat and digital currencies ⏱️ Instant payment services for effortless transfers across the world 💵 Settlement and FX solutions for real-time payment flows 📈 Liquidity management to support Wirex’s growth Read more about how we are working together to revolutionise the financial landscape here: https://lnkd.in/gnn-5Xy4