Warsaw, Poland-based Igoria Trade SA, a financial services company, announced on Monday that it will enhance its multicurrency capabilities by working in partnership with Luxembourg-based Banking Circle, a financial infrastructure provider built for payments businesses and banks.
Anders la Cour, CEO of Banking Circle Group, says, “Igoria Trade has been offering innovative cross-border financial services to increase financial inclusion for a decade. It 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.”
Providing innovative financial products
Founded in 2011 by a team of banking experts, Igoria Trade, via its internet platform Trejdoo.com, aims to introduce innovative financial products adapted to the new needs and requirements of clients.
The fintech firm offers a range of solutions, including the multicurrency IgoriaCard for payments and cash withdrawals around the world. Through its platform Trejdoo, it offers solutions and services including currency exchange, currency cards, and multicurrency cross-border transfers.
To provide a full range of services, the firm has obtained the status of the European Payment Institution. Igoria Trade is also listed on the Stock Exchange on the New Connect market.
Aim of this partnership
According to a statement from Igoria Trade, the new partnership will help provide its customers with more reliable multicurrency card and account solutions. Moreover, by utilising Banking Circle Virtual IBAN, Igoria Trade will also benefit from fast, secure SEPA, SWIFT, and Faster Payments transfers.
Wojciech Kuliński, CEO of Igoria Trade, says, “Our mission is to provide our customers with innovative financial services that are tailored to their specific needs. 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.”
Kuliński adds, “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.”
What does Banking Circle offer?
Anders la Cour founded Banking Circle in 2013. It is a fully licensed bank committed to building a local clearing network for all major currencies “to deliver the fastest, lowest cost payments” with no hidden fees for its clients.
It also provides a suite of 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.
Banks and payments businesses can access a range of banking services – multi-currency bank accounts, local clearing, cross border payments and flexible business lending, compliantly and securely – without the need to build their own infrastructure and correspondent banking partner network.
Through flexible, scalable and future proof solutions, Banking Circle is enabling financial institutions to help their customers transact across borders in a way that was previously not possible. Currently, it has offices in London, Munich, Amsterdam, and Copenhagen.
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