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Banking Circle gets ISO certification for information security

Tuesday 6 August 2024 14:57 CET | News

Payments bank Banking Circle has received ISO/IEC 27001:2022 certification for information security management systems.

 

Banking Circle has received ISO/IEC 27001:2022 certification for information security management systems.

Underlining the sustained commitment it places on information security, Banking Circle’s new certification gives its clients continued confidence that it puts legal, regulatory, and contractual obligations at the centre of its operations.

Company executives stated that as a globally recognised standard for information security management systems it was important that Banking Circle achieved this certification. They already provide robust security of their clients’ information.

Banking Circle has consistently invested in its information security processes since launch and this latest certification demonstrates its understanding of the regulatory pressures its payment services, fintech and banking clients face.

Previous news from Banking Circle

In July 2024, Banking Circle and fundcraft have partnered to provide fund managers with streamlined access to account openings through API integration. This collaboration links fund managers to national clearing schemes, enabling faster account setups and reducing costs, without fundcraft needing its own banking license.

In June 2024, XTransfer, a Shanghai-based B2B cross-border trade payment platform, has partnered with Banking Circle to enhance payment capabilities for Chinese suppliers targeting European and Middle Eastern markets. The collaboration aims to reduce the cost and time of global trade payments, offering XTransfer's SME clients expanded local payment and fund collection options in multiple currencies, facilitated by Banking Circle's infrastructure and foreign exchange engine.

What does Banking Circle do?

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 fast, low-cost payments with no hidden fees for the beneficiary. It provides a suite of unique 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.


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Keywords: ISO, certification, cybersecurity, banking, payments
Categories: Fraud & Financial Crime
Companies: Banking Circle
Countries: World
This article is part of category

Fraud & Financial Crime

Banking Circle

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