11 April 2024

Banking Circle Business AML team best-in-class

Written By FinTech Alliance

Banking Circle Business AML team best-in-class

Banking Circle Business AML team recognised for best-in-class strategy.


In brief:

- Reflecting the strong focus Banking Circle puts on financial crime prevention and anti-money-laundering, its Business AML team has been shortlisted in two categories of the prestigious International Compliance Association Awards.

- The team is shortlisted in the Financial Crime Prevention Team category for a cohesively, regulatory, scalable and tech backed team build. The payment bank’s Business AML program has also been shortlisted in the Innovation in Financial Crime prevention category, recognising the work it is doing to empower the AML Value Chain with Artificial Intelligence (AI) and Machine Learning (ML) tools.

- Throughout significant growth in Banking Circle’s payments volume over the 18 months, the Business AML team has maintained high standards, expanded expertise, and passed supervisory exams. Client numbers increased 60% and transaction volume 100% while headcount only grew by 30%. 


What does this mean?

Laust Bertelsen, CEO of Banking Circle said of the shortlisting: “During a period of rapid growth for the company, the Business AML team has ensured that Banking Circle can scale while driving efficiency, maintaining high standards and demonstrating the same to supervisors and other stakeholders. For the team to be shortlisted in the ICA Awards is further evidence that we’re making the right investment in the talent and technology to enhance our ability to scale.”


Read more here.

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