Banking Circle, the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank‘s Swiss Interbank Clearing (SIC) system.
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 is a step forward in Banking Circle’s mission to deliver instant, low-cost, scalable cross-border solutions across Europe.
The addition of CHF means Banking Circle now provides direct access to local payment schemes and local account infrastructure for five of the 12 major currencies in Europe and the UK.
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 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 a 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
In line with Banking Circle’s long term strategy
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.
Laust Bertelsen, chief executive officer at Banking Circle
“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.”
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.
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