Banking Circle has announced direct access to the Swiss Interbank Clearing (SIC) system, a development that strengthens its embedded financial infrastructure.
This move aligns with the bank’s ongoing efforts to build a global payments platform centred on interoperability and to offer instant, cost-effective, and scalable cross-border solutions across Europe.
With this new integration, Banking Circle clients can now access Real Time Gross Settlement (RTGS) and Automated Clearing House (ACH) transactions in Swiss Francs (CHF).
This capability is supported by Liechtenstein-issued virtual IBAN (VIBAN) accounts, which provide clients with operational control and alignment with regulatory requirements.
The CHF payment solution introduces several improvements.
Clients will have direct access to both domestic and cross-border CHF payments through a real-time connection to payment schemes in Liechtenstein and Switzerland via the SIC system.
The platform also offers efficient and scalable account infrastructure, utilising Liechtenstein-issued VIBANs tailored to meet specific operational, regulatory, and market requirements.
Additionally, through a single API integration, clients gain access to local schemes and account capabilities in multiple currencies including Euros (EUR), Pound Sterling (GBP), Danish Krone (DKK), Swedish Krona (SEK), and Australian Dollars (AUD), with plans to support more currencies in 2025 and beyond.
The inclusion of CHF brings the number of major European and UK currencies supported by Banking Circle’s local payment infrastructure to five.
This development further establishes the company’s position in the market for real-time payments in multiple currencies.
It also reflects Banking Circle’s wider objective of becoming a super correspondent bank for global business-to-business transactions, addressing existing inefficiencies in payment systems and contributing to improved financial inclusion across Europe.
Laust Bertelsen, Chief Executive Officer at Banking Circle, said,
“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.”
“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.”
The CHF solution is now live, with the commercial rollout underway.
Banking Circle’s expansion remains aligned with its strategy to build an international clearing network that meets the needs of businesses operating in various regions.
The company continues to focus on delivering financial infrastructure designed to support new business models and the future of payments in Europe and beyond.
Featured image credit: Edited by Fintech News Switzerland, based on image by Freepik
