Estonian-founded technology company Wise will join forces with major US bank Morgan Stanley, announced Wise. 

Wise, the global technology company building the best way to move and manage the world’s money, 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.

Wise is a global technology company, building the best way to move and manage the world’s money. 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.

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 the US bank the first investment bank to enable these corporate payment capabilities on Wise Platform.

“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,” said Steve Naudé, Wise Platform Managing Director.

Morgan Stanley clients win in speed

“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,” noted Samer Oweida, Global Head of Foreign Exchange and Emerging Markets at Morgan Stanley.

“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.”
Steve Naudé, Wise Platform Managing Director

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.

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