Morgan Stanley Selects Wise Platform to Enhance Payments Capabilities for Corporate Clients
17 Dezember 2024 - 2:00PM
Business Wire
Wise, the global technology company building the best way to
move and manage the world’s money, today announced that it has been
selected by Morgan Stanley, a leading global financial services
firm, to facilitate Morgan Stanley’s foreign exchange international
settlement capabilities for its corporate customers. Morgan Stanley
will offer clients high-speed cross-border settlements through Wise
Platform, Wise’s global payments infrastructure for banks. This
integration will also make Morgan Stanley the first investment bank
to enable these corporate payment capabilities on Wise
Platform.
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This market leading solution pairs Wise’s cutting edge payments
capabilities with Morgan Stanley’s one-firm, integrated,
cross-divisional approach to providing the best solutions for its
client base. By harnessing Wise’s technology and local
connectivity, Morgan Stanley can focus on servicing its
sophisticated clients while reducing implementation timelines. The
offering will complement Morgan Stanley’s existing suite of
transactional foreign exchange services targeting corporate and
institutional clients.
Steve Naudé, Managing Director, 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, 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 fastest,
operationally robust and cost-effective payment capabilities in the
banking industry.”
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.
Over the past 14 years, Wise has been singularly focused on
building the network for the world’s money by solving the
complexities of moving and managing money across borders. Its
selection by Morgan Stanley is a testament to the speed, scale and
reliability of the infrastructure and network it’s built over the
last decade.
About Wise Platform
Wise is a global technology company, building the best way to
move and manage the world’s money. Over the last decade, Wise has
built an entirely new network for the world’s money.
Thanks to Wise Platform, banks and large companies can leverage
Wise’s technology and embed the best way to send, receive, and
manage money internationally into their existing infrastructure.
With a wide variety of partners worldwide, Wise Platform saves
banks and businesses time and money by allowing them to seamlessly
bring fast, cheap, transparent and convenient cross-border payments
to their customers.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241217195324/en/
Wise Casey Yandell press@wise.com
Morgan Stanley Azar Boehm Azar.Boehm@morganstanley.com
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