Banking Circle is a Fintech-native bank, to solve global modern banking pain points through technology without removing the personal touch that clients seek.

Establishing operational banking accounts quickly is a crucial element for funds and businesses that private equity firms and asset managers continuously struggle with. Minor delays can lead to missed opportunities, strained client relationships, and inefficiencies that undermine business objectives.

, Head of Sales for the Benelux Region explains the key features and benefits that Banking Circle offers in this interview.

Marcus: Our key advantages are speed and specialisation. You don’t have to deal with outdated legacy systems or unnecessary paperwork anymore. We can open accounts rapidly – within just a few days of receiving all required documentation. The fund industry is a critical target market for us, and we aim to deliver services that are closely aligned with their operational demands.

Who Stands to Benefit from Banking Circle’s Fund Services?

Marcus: Fund managers, fund admins, asset managers and private equity or Venture Capital firms, or if you’re a corporate looking to set up entities in Europe that might have difficulties finding a bank that will open accounts quickly, get in touch with us.

Firms Entering Europe and Other New Markets

- For businesses entering new markets, the ability to swiftly open an account is critical to beginning operations without unnecessary delays. Banking Circle enables companies to start operating sooner than would be possible with traditional banking providers.

Funds That Require Operational Flexibility

- For funds that require operational flexibility – in response to market shifts, launching new investment vehicles, or managing multiple entities across different jurisdictions – Banking Circle’s rapid and efficient account setup offers a competitive edge in today’s fast-paced financial landscape.

How do Funds Win With This Set Up?

Unlike traditional banks, which may take weeks to complete the account setup process, tech-native banks like Banking Circle can establish accounts within only a few days, provided that all necessary documentation is in place.

Through its advanced technological infrastructure, many of the tasks that traditionally slow down account opening are automated. This includes automated and real-time compliance monitoring. By reducing manual intervention, Banking Circle accelerates the process and minimises the risk of errors, ensuring that accounts are established correctly and securely.

Marcus: Additionally, by leveraging a mature product that currently processes around €600 billion annually, we’ve ensured that our platform can accommodate high-volume transactions typical of the fund industry. While there might be some side products we’re not offering today, we’re actively looking at partners to ensure we can offer a one-stop shop for clients that meets all their needs.

How can funds apply for these services?

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