On March 12 Governor Ned Lamont and Connecticut Banking Commissioner Jorge Perez welcomed Banking Circle US to the state as the fintech payments bank opened its US headquarters in Stamford.
The Luxembourg-based bank provides cloud based payment banking solutions to enable other banks to access global markets and conduct transfers in different currencies and markets, and provides collections support around the world.
“Connecticut is fast becoming the destination of choice for fintech companies to grow and thrive,” Governor Lamont said in a press release after the ceremony. “I would like to welcome Banking Circle US to Connecticut’s business community. Here you will find the support and talent you need to continue to innovate in this space and lead the way for expansion.”
“As the first company to take advantage of this charter-type, we congratulate Banking Circle on their grand opening in Stamford,” Commissioner Perez said in the same release. “We look forward to working with Banking Circle and fostering a relationship that provides expert supervision and the regulatory experience to help them thrive.”
Anders la Cour, a co-founder of Banking Circle, chairman of its board, and the CEO of Banking Circle Group noted that the state’s banking charter made Connecticut an attractive option for the company.
“The Connecticut charter matches very well with the Banking Circle US business case of delivering faster, cost-efficient payments and banking services to financial technology service providers,” la Cour said. “That includes banks, payment providers, card acquirers and marketplaces and all the covered customers they serve. We believe that the bank will provide benefits for the public and the local community in the form of increased employment and well-paid jobs, improved payment services and recognition of Connecticut as a leader in fostering improved banking services to the economy.”
