Governor Lamont Welcomes Banking Circle US to Connecticut as the Fintech Company Opens Headquarters in Stamford
(STAMFORD, CT) – Governor Ned Lamont and Connecticut Banking Commissioner Jorge Perez today participated in a ceremony to announce that Banking Circle US, a fintech payments bank for the new economy, has opened its U.S. headquarters in Stamford, Connecticut. The company recently received its charter and certificate of authority from the Connecticut Department of Banking.
“Connecticut is fast becoming the destination of choice for fintech companies to grow and thrive,” Governor Lamont said. “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. “We look forward to working with Banking Circle and fostering a relationship that provides expert supervision and the regulatory experience to help them thrive.”
Banking Circle US offers a fully cloud-based, financial infrastructure to support real-time, global clearing and settlements for both domestic and cross-border payment services. The company’s mission is to eliminate the time and cost of cross-border payments, enabling a way for both U.S. and foreign banks, financial institutions, payment service providers, marketplaces, and corporate entities to manage their financial needs.
“After ramping up operations in Stamford back in October of 2022, and building out our office, our team, and our technology, we are thrilled to announce that as of February 1, 2024, we have begun our commercial operations with the processing of payments for our first client,” Banking Circle US Chief Executive Officer Kjeld Olson said. “We would like to thank Governor Lamont, Banking Commissioner Jorge L. Perez, and the entire team at the Connecticut Department of Banking for collaborating with us to achieve this milestone. We are excited to share our story and proud to open as the first new bank in Connecticut in nearly ten years.”
For more information on Banking Circle US, visit bankingcircleus.com.