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
Previous article
Ebury & MarketFinance: Join forces to accelerate CBILs payouts
Next article
Factris & NN Investment Partners: Agree on European financing agreement
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.

You May Also Like

FinTech

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...