Banking Circle boosts international expansion with acquisition of Australian Settlements Limited

Banking Circle, a Luxembourg-based financial services firm, is expanding into Australia by acquiring Australian Settlements Limited (ASL), an authorized deposit-taking institution. This strategic move aims to enhance their presence in the region and offer Australian dollar settlement services to global clients. Led by CEO Laust Bertelsen, Banking Circle views Australia as key for its significant cross-border trade and thriving fintech landscape. The acquisition, which is pending regulatory approvals, follows previous successful expansions, including the purchase of German paytech SEPAexpress. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures