Saxo Payments banking Circle Named Best B2B Payments Company

May 2, 2018         By: Payment Week

London, 2nd May 2018 – Saxo Payments Banking Circle, the global scale financial utility, has won its fourth award of 2018. Cementing its position as an innovative and ground-breaking payments provider, it has been named Best B2B Payments Company in the FinTech Breakthrough Awards.

The FinTech Breakthrough Awards, now in their third year, recognise the top companies and products in the financial services and technology industry. In 2017, Banking Circle won the Best B2B Payments Platform award.

“Saxo Payments Banking Circle has demonstrated exponential growth over the past several years, and we congratulate them on their success” said James Johnson, Managing Director, FinTech Breakthrough. “Saxo Payments Banking Circle provides businesses with several powerful solutions that enable them to seamlessly pay suppliers and partners, creating an innovative cross border payments solution and empowering truly global trade. Congratulations to Saxo Payments Banking Circle on their 2018 FinTech Breakthrough Award.”

Anders la Cour, co-founder and Chief Executive Officer commented, “Whilst still relatively new, the FinTech Breakthrough Awards are already highly regarded and we are honoured and excited to have won another award this year. The win also recognises the significant impact we are having on the sector, recognising us as Best B2B Payments Company.

“Banking Circle has moved from being a payments platform to leading the rise of the Financial Utility, handling non-core banking functions on behalf of banks and other Payments businesses such as PSPs and FX Payments businesses. 2018 has already started off with a raft of awards and initiatives, and there is more to come with new solutions and research set to be launched in the coming months.”

About Banking Circle

In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank’s core capabilities within the non-cash payments market. In October 2015 the company launched the Banking Circle – its groundbreaking product for payments and FX to the Financial Tech industry. In October 2017, the company launched its new identity for the Banking Circle, to reflect its position as a financial utility within core banking.

Domiciled  in the European Union, Saxo Payments specialises in providing global payment account transactions and foreign exchange services to financial institutions, including FinTechs, banks, acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers. Saxo Payments is a Saxo Group company.