Morgan Stanley, a leading global financial services firm, has teamed up with Wise Platform, Wise’s global payments infrastructure for banks, to facilitate their foreign exchange international settlements capabilities for its corporate customers. „Morgan Stanley will offer clients high-speed cross-border settlements, making Morgan Stanley the first investment bank to enable these capabilities on Wise Platform.” – according to the press release.
„By harnessing Wise’s technology and local connectivity, Morgan Stanley can focus on servicing its sophisticated clients while reducing implementation timelines. The offering will compliment Morgan Stanley’s existing suite of transactional foreign exchange services targeting corporate and institutional clients.” – the bank explained.
Steve Naudé, Managing Director of Wise Platform said:
„This relationship marks a significant milestone in the growing number of trusted global banks that are choosing to power their cross-border payments through Wise Platform. Morgan Stanley has a strong and clear payments vision for the experiences and solutions they want to offer their customers, and we’re thrilled to be working with them to enable their corporate payment capabilities and bring fast, cost-effective, transparent and easy payments to Morgan Stanley’s clients.„
Samer Oweida, Global Head of Foreign Exchange and Emerging Markets at Morgan Stanley said:
„At Morgan Stanley, we are committed to delivering best-in-class technology solutions to our clients. Our relationship with Wise enables us to adapt to the evolving needs of our clients and deliver one of the faster, operationally robust, cost-effective payment capabilities in the banking industry.„
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Wise Platform works with the world’s leading banks, financial institutions, and businesses to power their international payments using Wise’s global infrastructure. With 65+ licences and 6 direct connections to payment systems, 63 percent of Wise’s cross-border payments are completed instantly, under 20 seconds. Additionally, Wise Platform partners benefit from the expertise of a global engineering team and dedicated specialists in implementation, compliance and 24/7 support, to ensure seamless, secure and fast integrations.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
