With more than 15 years in the financial services sector, in particular focusing on FX, Laust Bertelsen brings valuable currency market knowledge to the Banking Circle proposition.
His previous roles at Danske Bank markets, FIH Erhvervsbank and most recently, Saxo Bank, have provided Laust with essential hands-on experience in the development of new products and platforms in the banking industry. This experience will ensure that Banking Circle can challenge market conventions, whilst complying with international payments regulation.
Laust is responsible for day to day management at Banking Circle.
Banking Circle is a new bank, that is fully licenced yet free from the legacy systems that can make traditional banking slow and expensive. Banking Circle financial infrastructure is built for Payments businesses and Banks.
Working with Banking Circle and utilising our technology, Payments businesses and Banks of any size are able to seize opportunities in the new economy. Wherever you are based, we deliver the banking services you need quickly, at low cost, compliantly and securely.
Financial inclusivity is at the heart of all we do and every solution we build. Delivering accounts, lending, international payments and settlements, FX and compliance, we give Financial Institutions direct access to clearing that bypasses old, bureaucratic and expensive systems.
Banking Circle is underpinning the service propositions of a wide spectrum of financial institutions, allowing them to focus resources on the customer relationship. Banks and Payments businesses gain the geographic reach and access to the markets in which their customers want to trade, underpinned by a financial utility that enables global payments and settlements through a global account infrastructure, a global FX capability and a secure and compliant banking platform.
Banks and Payments businesses can offer banking services to their customers, helping them to trade globally, at low cost and efficiently. Importantly they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation.
Banking Circle has been granted authorisation as a credit institution under point (1) of Article 4(1) of Regulation (EU) No 575/2013, (Bank number LUB00000408) and is under the supervision of the Luxembourg Commission for the Financial Sector (www.cssf.lu).
In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders. The acquisition will see EQT support Banking Circle’s continued acceleration of its growth strategy, in current and new geographies, as well as the expansion of the product portfolio.
Headquartered in Luxembourg, Banking Circle has offices in the UK, Germany, the Netherlands and Denmark.