Igoria Trade extends multicurrency IBAN and payments infrastructure with Banking Circle. New partnership enables Igoria Trade SA to give its customers more reliable multicurrency card and account solutions.
European Payment Institution, Igoria Trade SA, is enhancing its multicurrency IBAN capabilities by working in partnership with tech-first Payments Bank, Banking Circle. Utilising Banking Circle Virtual IBAN, Igoria Trade services will also benefit from fast, secure SEPA, SWIFT and Faster Payments transfers.
“Our mission is to provide our customers with innovative financial services that are tailored to their specific needs,” commented Wojciech Kuliński, CEO of Igoria Trade SA. “To achieve this we needed to increase the reliability of the IgoriaCard banking infrastructure, especially for the B2B multicurrency cards and accounts and Banking Circle is the perfect partner, offering the reliability and flexibility we needed.
“Through Banking Circle we are also now able to offer our customers SEPA Instant and DK IBANS, adding value to our proposition without the significant investment that would be required to develop these solutions in-house.”
Anders la Cour, Chief Executive Officer of Banking Circle Group, added: “With a mission aligned to that of Banking Circle, Igoria Trade SA has been offering innovative cross-border financial services to increase financial inclusion for a decade. The company is dedicated to continually reviewing and upgrading its suite of solutions, and we look forward to working in partnership with the team to further enhance and broaden their offering in the future.”
Banking Circle is the Payments Bank for the new economy. As a fully licenced bank, free of legacy systems, Banking Circle enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost.
Banking Circle is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver the fastest, lowest cost payments, with no hidden fees for the beneficiary. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security.
Through bespoke, flexible, scalable and futureproof solutions Banking Circle is enabling financial institutions to help their customers transact across borders in a way that was previously not possible.
Headquartered in Luxembourg, Banking Circle has offices in London, Munich, Amsterdam and Copenhagen.