The Financial Technology Association (FTA) today announced that Banking Circle Group, a banking and payments leader for the new economy, has joined the association as its newest member.
Banking Circle Group is a unique combination of a world-class technology company and a fully licensed financial services company, delivering fast, low-cost global payments and banking services by connecting directly to the world’s clearing systems.
“We are thrilled to welcome Banking Circle to our community of leading fintech companies at an exciting time as they expand their operations in the U.S.,” said Penny Lee, President and CEO of the Financial Technology Association. “Companies like Banking Circle are powering banks and fintechs with seamless, interoperable solutions to transact across borders.”
“We are excited to join FTA’s ecosystem of fintech innovators shaping the future of finance,” said Livia Benisty, Chief External Affairs Officer at Banking Circle Group. “We share FTA’s commitment to ensuring the U.S. remains at the forefront of financial innovation and look forward to working with other leading companies to advocate for modernized financial policies and regulations.”
At the center of Banking Circle Group sits the engine for real-time global transactions and clearing, redefining the way transactions and liquidity are managed globally through a combination of payments charters, bank licenses, and direct clearing integrations. Banking Circle Group offers cross-border payments, accounts, and liquidity management to meet companies’ global financial needs. With roots in Europe, Banking Circle Group recently expanded operations to the United States, gaining a special purpose banking “innovation” charter in the state of Connecticut.
FTA recently released a Policy Agenda for the Future of Finance outlining steps to unlock more financial innovation for American consumers, small businesses, and entrepreneurs. The agenda calls on legislators to ensure avenues for financial innovation, support modern financial infrastructure - including direct access to Federal Reserve accounts and services for leading payment companies - and expand financial access, choice, and inclusion.