London, United Kingdom
Banking Circle is a financial utility, which gives banks, insurance and financial technology businesses the ability to provide their customers with access to international banking solutions – including accounts, payments and loans – without the need to invest in developing and deploying solutions in-house. The insurance industry is highly competitive. Improving efficiency and reducing the cost of payment management – reconciliation and pay-outs – will benefit insurers and improve customer service and retention. Banking Circle has developed a unique multi-currency Virtual IBAN solution that allows insurance providers to collect premiums and pay out claims more efficiently.