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Ripple Partners With Clear Junction to Enhance UK and EU Cross-Border Payments

Fintech Finance

Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process. This partnership is a great example of two institutions coming together to augment their respective products and services.

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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

. “These are all issues emanating from the traditional correspondent banking infrastructure,” explained Banking Circle CEO Anders la Cour at the time.

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SWIFT Banking System: What Is It and How Does It Work?

Payment Savvy

On the other side of the transaction is the correspondent bank which uses the SWIFT messaging network to convey the request. The recipient’s bank registers the message and credits the money to your friend’s account. Is SWIFT Code the Same as IBAN Code?

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Why SMBs Should Look Beyond High Street For FX Needs

PYMNTS

Payments can get stuck in the bureaucracy of the traditional correspondent banking system operated by High Street Banks, creating a hidden cost through slower cash flow for SMBs.”. And while High Street Banks may still hold the lead in filling SMBs’ FX and cross-border payment demands, Smith added that the U.K.’s

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Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

This quota also reflects its ambition to become a super-correspondent bank for global B2B that removes barriers currently holding back market demand from European businesses for instant payment flows and enhances financial inclusion across the continent. ” The CHF solution is live now, with full commercial rollout underway.

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Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

The Fintech Times

The addition of CHF means Banking Circle now provides direct access to local payment schemes and local account infrastructure for five of the 12 major currencies in Europe and the UK.