Our member, Banking Circle, a financial infrastructure provider, announces that it is now completely cloud-based, with all aspects of its infrastructure hosted within Microsoft Azure. This infrastructure includes its purpose-built, cloud-first, cross-border payments platform, which delivers greater speed, enhanced functionality, and a more intuitive user experience to its clients. Banking Circle’s cross-border payments platform has been built in-house and is based on microservices, meaning each part of the solution is independently deployable and highly maintainable.
With Banking Circle already settling 10% of the world’s B2C e-commerce flow and €100 billions of point-of-sale B2B e-commerce flow, this latest development will underpin the ambitious growth plans of the licensed bank. As Anders la Cour, the CEO and Co-founder of Banking Circle, commented, “It was always our goal to build a company with technology at its heart and combine it with a banking license to reduce the cost and time of handling international payments. Our cloud-based infrastructure and the purpose-built platform is the next step on that journey, further improving the ease with which businesses can send money across borders.”
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