Banking Circle gets direct access to Swiss Interbank Clearing system
As part of its continued ambition to become a leading global clearing provider, Banking Circle has today significantly strengthened its embedded financial infrastructure with direct access to the Swiss Interbank Clearing (SIC) system.
0
This latest development represents major progress in the bank's mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe.
With this new capability, Banking Circle clients can now benefit from comprehensive support for both Real-Time Gross Settlement (RTGS) and Automated Clearing House (ACH) transactions in Swiss Francs (CHF), coupled with access to Liechtenstein-issued VIBAN accounts designed to provide full operational control and compliance alignment.
This new CHF payment solution delivers three core benefits:
• Direct access to domestic and cross-border CHF payments: A fully integrated, real-time connection to Liechtenstein and Switzerland payment schemes via the SIC system
• Seamless account management: Efficient and scalable account infrastructure using Liechtenstein-issued VIBANs tailored to clients' operational, regulatory, and market-specific needs
• Multi-currency reach via single API: Access to multiple local schemes and local IBAN or account capabilities in Euros (EUR), Pound Sterling (GBP), Danish Krone (DKK), Swedish Krona (SEK), and Australian Dollars (AUD) via one single API integration - with more to come in 2025 and beyond
The addition of CHF means Banking Circle now provides direct access to local payment schemes and local account infrastructure for five of the twelve major currencies in Europe and the UK, reinforcing the company's market-leading position for real-time payments in multiple currencies. This quota also reflects its ambition to become a super-correspondent bank for global B2B that removes barriers currently holding back market demand from European businesses for instant payment flows and enhances financial inclusion across the continent.
"This is another clear signal that the market wants to see improvement in global payments infrastructure and we intend to be the go-to payments bank for financial institutions across Europe looking for simplified, accelerated, real-time transactions said Laust Bertelsen, Chief Executive Officer at Banking Circle. "CHF is a major piece in solving that puzzle - and now clients can have direct access to that system through our single API tech-first platform which drives seamless customer experiences, transparency, control and reduces cost and complexity across their payment value chain.'
The CHF solution is live now, with full commercial rollout underway. Banking Circle's expansion continues in line with its long-term strategy to build an international clearing network that supports the needs of businesses operating across multiple geographies. The company remains focused on delivering financial infrastructure that unlocks new business models and drives the next generation of payments in Europe and beyond.
As more businesses and payment systems come online within Banking Circle's payments platform, its customers will benefit from ever-greater levels of speed and efficiency. From onboarding to transaction, clients can now manage their payment flows across five key European currencies through a single integration - reducing fragmentation, removing reliance on sponsor banks, and helping financial institutions of all sizes to thrive in a real-time economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Auto Blog
an hour ago
- Auto Blog
Manhart Turns Porsche 911 Turbo S Into Hardcore Supercar
This is the 911 to have if you're in a hurry. Manhart Has Pulled Off Something Special Everyone wants a piece of Porsche's quickest 911 right now. Earlier this week, Gunther Werks released an exorbitantly priced aero kit for the 991 Turbo S, but that didn't add more power or performance to the 640-horsepower sports car. Fortunately, Manhart exists and has just revealed the TR 900 II, a 992-gen Turbo S that has been enhanced with a comprehensive performance kit. The result is a Porsche 911 with outrageous power and hardcore looks to match. Source: Manhart EV-Like Power And Torque Hybrids and EVs have long surpassed pure ICE cars in raw power and torque, but Manhart has shown what's possible without any electric assistance. Whereas the stock Turbo S produces 640 hp and 590 lb-ft of torque, the TR 900 II dials things all the way up to 922 hp and 804 lb-ft. That 922-hp figure is presumably metric horsepower, but it still works out to 909 imperial hp – far surpassing the standard Turbo S. The flat-six engine has been boosted by a Manhart Turbo performance kit, in addition to ECU remapping. A new stainless steel exhaust with valve control has also been fitted, as have race downpipes with 200-cell catalytic converters. The seven-speed dual-clutch automatic has been beefed up to cope with the extra power, but the standard carbon-ceramic brakes have been left as is, since they're already powerful and durable enough to cope with the normal Turbo S' incredible performance. Manhart makes no claims about how quick the TR 900 II is, but based on the fact that the stock Turbo S hits 60 in 2.6 seconds, we expect a time in the low two-second range; at this level, even a few tenths shaved off the normal Turbo S time would be a massive achievement. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. It Looks The Part, Too The standard 911 Turbo S is not the most impactful 911 to look at – that's a role reserved for the likes of the track-focused GT3 RS. But the TR 900 II is no ordinary 911, and it shouldn't look like one. To that end, Manhart added Concave One forged wheels measuring 21 inches in front and 22 inches at the back. The body sits 1.2 inches lower, thanks to Manhart lowering springs by H&R, giving this Porsche an even more menacing stance. A Moshammer aero kit includes a front spoiler, side skirts, and a rear diffuser. A larger carbon rear spoiler completes the look. Source: Manhart Black stripes on the body and unique wheel finishes are complemented by a Manhart steering wheel logo and Manhart-branded floor mats inside, but otherwise, the interior hasn't been changed too much. No price was provided for the TR 900 II, but expect a figure far beyond the $230,400 of the standard Turbo S. This level of power doesn't come cheap, even if using all of it may prove to be a mighty challenge in the real world. About the Author Karl Furlong View Profile
Auto Blog
an hour ago
- Auto Blog
The Biggest Genesis SUV Yet Is Almost Here
Genesis Is Finally Revealing Some Of The GV90's Looks Genesis is serious about taking on luxury European rivals, and to do that, it needs products in the segments where BMW, Mercedes, and Range Rover are operating. While one side of creating a high-end image is showing one's performance credentials, which Genesis aims to do at Le Mans very soon, another is the luxury element, and the upcoming GV90 will take the Korean brand to new heights, rivaling premium SUVs like the BMW X7 and Mercedes-Benz GLS. Our spies have caught a development mule undergoing testing in Austria, and for the first time, the big SUV is showing its front-end lighting signature properly, confirming a bold new look. The Lighting Signature Will Look Like No Other If these spy shots show a somewhat familiar face, you may be recognizing elements of the Genesis Neolun concept, revealed last year. Like that show car, the prototype in these images has a distinctive lighting signature that sees two LED running lights stretch across the front fascia, pausing over the top of the wheel arches, and resuming at the rear of the front fenders. The bottom DRL deviates slightly near the middle, slanting inward to create a valley that gives the GV90 its Genesis-specific look. A pair of intake grilles above and below the license plate will help with the impression of width, and we suspect there may be additional lighting units on each end of the bumper. Big wheels are a given, as is metallic trim around the glasshouse. We haven't got a great view of the back since there's still a lot of fabric camouflage clad to the car, but another dual-strip lighting design is evident. We expect less chrome than the concept, but the diamond-shaped grille mesh should make production. What To Expect Beneath The Sculpted Skin Source: Autoblog While this particular prototype has conventional doors, earlier spy shots have indicated that the rear-opening coach doors that helped give the Neolun concept so much presence will make production, likely as an option. This could also suggest that a long-wheelbase version will be available, much like the ESV take on the Cadillac Escalade. The GV90 is reportedly codenamed JG1 and is based on a new EV platform called eM, which can be used to underpin SUVs as large as the GV90, along with vehicles small enough for the compact segment. As many as 13 new vehicles are expected to be launched on the architecture by 2030, though that may shift as legislation does. Will it be good enough to beat Audi's upcoming Q9 and rivals from BMW and Mercedes? Time will tell, but the signs are good so far. About the Author Sebastian Cenizo View Profile
Auto Blog
2 hours ago
- Auto Blog
Audi's New Electric Crossover Chooses To Be Towed To Prove It's A Good EV
Audi's New Crossover Coupe Will Look Sportier Than The BMW Alternative Audi is preparing to give its Q4 e-tron compact electric crossover a subtle styling update sometime in the middle of next year, likely arriving for the 2027 model year. Long before that happens, engineers are testing the EV in the Austrian Alps, allowing our spies to capture some of the subtle styling updates. Already a looker, the facelifted Q4 will be getting updated graphics for its front and rear lighting signatures inspired by the Q6 e-tron and other new or heavily revised models like the A6. While styling is subjective and not everyone will agree, this writer believes that the new looks will continue to place the Q4 above the iX2 in this segment's beauty pageant. Now, let's address the elephant in the room: why is this development mule not driving on its own power? Testing EV Systems Requires Sharp Slopes While it may appear as if the crossover is being towed due to a malfunction – which is not uncommon – our spies inform us that the EV is being towed by a current-generation Q3 crossover as part of a brake test. The EV is towed to the top of a tall route and then allowed to drive back down on its own, braking all the way down. This tests both the brakes and the regenerative braking system that helps recharge the battery. Since the prototype was reportedly able to drive on its own power, we suspect that Audi may have been testing some battery management software, potentially looking for ways to ensure that an EV with a full battery (hence the tow up the hill) can still use maximum regenerative braking without anything overheating or otherwise malfunctioning. Most Of The Changes For 2027 Will Be Hidden When the 2024 Q4 e-tron update arrived, the changes were mostly beneath the skin. This time, it appears that the outline of the headlight cluster may no longer be just an accent, as close-up images seem to suggest a single lens cover. We also expect some massaging of the front and rear fascias. However, only hardcore Audi geeks will notice things like that. More important changes for what is, as mentioned at the outset, already a good-looking thing, will include shorter charging times, more range, an illuminated logo on each end, and probably some larger screens. Expect more revealing photos throughout the year. As for a release schedule, that is in flux. Audi is reportedly considering building the Q4, Q6, and other e-tron models in the U.S. to dodge tariffs, but that scenario is constantly evolving, so we won't get anything concrete for a while yet. Source: Autoblog About the Author Sebastian Cenizo View Profile
