750 Washington Blvd., Stamford. Photo courtesy of Google Maps

European fintech Banking Circle has placed its American headquarters office in Stamford, drawing Gov. Ned Lamont and state Banking Commissioner Jorge Perez to the ribbon-cutting.

Banking Circle is an uninsured bank and received its Connecticut charter recently. It offers real-time, global clearing and settlements for both domestic and cross-border payment services, and aims its services at U.S. and foreign banks and financial institutions, payments providers, corporations and marketplaces.

“The Connecticut charter matches very well with the Banking Circle US business case of delivering faster, cost-efficient payments and banking services to financial technology service providers,” Anders la Cour, co-founder of Banking Circle and the chairman of its board, and also CEO of Banking Circle Group, said in a statement provided by Lamont’s office. “That includes banks, payment providers, card acquirers and marketplaces and all the covered customers they serve. We believe that the bank will provide benefits for the public and the local community in the form of increased employment and well-paid jobs, improved payment services and recognition of Connecticut as a leader in fostering improved banking services to the economy.”

In statements provided by Lamont’s office, the governor wished Banking Circle well, saying “Connecticut is fast becoming the destination of choice for fintech companies to grow and thrive,” while Perez noted that Banking Circle was the first to take advantage of the state’s new uninsured bank charter.

Lamont’s office described the charter as “ideal for companies engaged in a variety of financial activities seeking to integrate a banking function, but whose business plan does not include taking retail deposits from individuals” and said the charter “provides a beneficial exemption to money services laws in many other states, reducing regulatory burden.”

Banking Circle has 24 workers and contractors operating out of its new office at 750 Washington Blvd.