BankingFinTech

Banking Circle: Improves payments transparency with ‘payments on behalf of’

  • POBO and COBO give Payments businesses and Banks the ability to offer their customers transparent payments and collections
  • Banking Circle, is tackling the compliance and reconciliation issues often faced in global B2B payments
  • Historically B2B payments received in the name of the payments business or bank rather than the underlying customer
  • The new Banking Circle solutions address these pain points by enabling financial institutions to offer immediate visibility of the sender’s details
  • Banking Circle POBO and COBO mean Payments businesses and Banks can deliver this service without relying on the slow
  • Available via API, UI and SWIFT, the solutions accessed by new and existing Banking Circle clients
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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