WireFX, Stearns Bank to Serve Fintechs, Payment Firms

WireFX, a Minnesota based Fintech startup and Stearns Bank N.A., an independently-owned financial institution with locations in Minnesota, Florida and Arizona “announce their partnership to support fintech and payment companies with FDIC insured bank accounts.”

WireFX will “utilize Stearns Bank’s sponsorship to offer domestic and international payments across ACH, domestic and international wires, and virtual banking accounts.”

Jeff Althaus, WireFX President & CEO, said:

“WireFX has always been committed to community banks, credit unions, and fintechs so this partnership with Stearns Bank represents the best of both worlds. Through our work with Stearns Bank, WireFX can now support the fintech community with critical banking services.”

Stearns Bank will also “leverage the WireFX payments platform to easily onboard and manage current and new fintech clients as it looks to expand this customer segment.”

Kelly Skalicky, President and CEO of Stearns Bank N.A., remarked:

“Sponsoring WireFX was an easy decision for us thanks to their advanced technology and compliance first payments platform. We are excited to expand this partnership, opening the door to fintechs and community banks across the U.S.”

As noted in the update, WireFX is “an end-to-end technology and compliance-first digital platform that empowers banks, credit unions, and fintechs.”

WireFX has now “expanded its advanced payment capabilities by onboarding payment companies with the ability to open transforming their payment and FX processes while providing customers a seamless global payments experience unleashing new revenue opportunities.”

Supporting domestic and international payments, WireFX is “one of the most disruptive global payments companies currently on the market. For more information visit www.wirefx.com.”

Minnesota-based Stearns Bank National Association is “a $2.4 billion, an independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the U.S.”

As covered recently, WireFX is pleased to announce that it has selected Monex USA as a strategic partner “to provide global payment capabilities to its U.S. corporate clients. ”

Through this partnership, WireFX clients will be able “to take advantage of Monex USA’s digital solutions for foreign exchange conversion and cross-border payment services.”

The Monex USA-WireFX alignment “brings together each organization’s key business and technology capabilities to deliver a transformative digital platform with greater revenue and growth opportunities.”

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