Tagged: wise

Global Fintech Wise Shares Latest Q1 2024 Platform Updates

UK-based Fintech Wise (LSE:WISE) has shared key updates from January-March 2024. The Wise Q1 2024 update has released important highlights for the Fintech platform. Here’s a few highlights: Wise says it helped customers “save an estimated £447,518, 882 in Q1.” Wise further claims that it… Read More

Nubank Ultravioleta Enters Travel Segment with Pre-Launch of Global Account via Wise Platform Partnership

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More

Wise Platform and Fintech Swan to Streamline International Payments

UK Fintech Wise (LSE:WISE) has shared its newest partnership with Swan, a European firm focused on embedded finance. Swan enables companies across Europe to easily “embed banking features such as accounts, cards, and payments into their own product.” However, one thing was missing “from their offer;… Read More

Fintech Wise Comments on CFPBs Pursuit of Junk Fees Pertaining to Global Transfers: Price Transparency Counts

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

UK Fintech Wise Could Be Benefitting Considerably From Higher Interest Rates, According to Industry Analyst

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

Hong Kong’s Mox Bank and Wise Platform to Introduce Low-Cost and Transparent Global Payments

Mox has partnered with Wise Platform in order to launch low-cost and transparent international payments. Wise (LSE:WISE) confirmed in a blog post that it is launching its new collaboration with Mox Bank Limited, a virtual bank in Hong Kong. With this integration, Mox customers can… Read More

Wise Expands into the Philippines, Appoints New Independent Director

Wise, the UK-based Fintech stealth bank that was formerly known as TransferWise, has officially expanded its operations into the Philippines with the launch of Wise Pilipinas. In a significant move to bolster its board, Wise Pilipinas has welcomed Isabel Ridad, founder of Monetize, as its… Read More

Fintech Analyst Explains Why Wise and Revolut Need to Take HSBC’s New Initiative Seriously

Dwayne Gefferie, a strategist helping payments companies with scaling operations, has commented on why he thinks UK Fintech Wise (LSE:WISE) and Revolut need to take HSBC‘s new initiative seriously. According to Gefferie, if HSBC‘s announcement of their new venture Zing teaches us anything, it is… Read More

UK’s Allica Bank Partners with Wise Platform, the Payment Infrastructure for Major Enterprises

Allica Bank (LSE:WISE) has partnered with Wise Platform, Wise’s global payment infrastructure for banks and major enterprises, in order “to offer our established business customers a simple and low-cost way to send money overseas.” Now clients can seamlessly make and “manage their global payments directly… Read More

UK Fintech Wise Reports Increase in Profits As High Interest Rates Boost Earnings

Wise plc (LSE:WISE) has posted unaudited interim results for the six months ended September 30, 2023. Wise is a leading Fintech based in the UK but providing services globally. In the first six months of this year, Wise says that it continued “to make progress… Read More

Fintech Wise Temporarily Paused Onboarding New Business Clients Across UK, Europe Due to “High Demand”

Wise (LSE:WISE) has reportedly been forced to place a freeze on onboarding new business clients across the United Kingdom and Europe because of “high demand” for services. This latest update comes after the Fintech firm had “deactivated” all US business cards this past week. Wise,… Read More

Wise and Swift Partner on Cross Border Payments

Swift, a global financial messaging service that is used by just about everyone to transfer value, has partnered with Wise (LSE:WISE) – a stealth bank that got its start in low-cost transfers. According to a statement by Swift, the partnership will enable users to complete… Read More

Global Fintech Wise Shares Trading Update, Company Reports Solid Start to the Year with Steady Business Growth

Global Fintech Wise plc (LSE:WISE) has shared its latest Q1 FY24 trading update, noting that the firm is now off to a good start to the year “with continued strong customer growth.” As noted in a release, Wise reports the following key results: 33% YoY… Read More

UK FCA Chastises Banks for Low Deposit Rates, Meanwhile Wise Trounces Banks with Higher Savings Rates

The UK Financial Conduct Authority (FCA) has commented on the rate spread between what banks are receiving in interest rate returns and what they are giving their deposit holders.  The regulator said in a studied, underwhelming tone that the “decision-making has been slow” for banks… Read More

IndusInd Bank Integrates Wise for Payments and Transfers

IndusInd Bank has integrated Wise to enable efficient and low-cost payments and transfers. IndusInd Bank reports a customer base in India of around 34 million, with 2606 Branches/Banking Outlets and 2878 ATMs spread across geographical locations of the country. Wise is a stealth bank that… Read More

International Payments: GMO Aozora Net Bank, Ltd. Partners with Wise Platform in Japan

GMO Aozora Net Bank, Ltd. becomes the first bank partner in Japan with Wise Platform, bringing fast, low-cost international payments to more than 80,000 corporate customers The team at Wise says they’re announcing their first Wise Platform bank partnership in Japan with GMO Aozora Net… Read More

Stealth Bank: Wise Now Offers an Interest Option for Parked Cash for US Users

Global transfers and payments Fintech Wise (LSE:WISE) has announced an interest-generating option for cash held in a Wise account. The feature is available for US customers and follows a similar option made available for UK customers. Wise states that both business and personal customers in… Read More

Bluevine Works with Wise to Provide Bill Pay Solution for US SMEs

Wise, a Fintech best known for global transfers and payments, is being enlisted by Bluevine to provide international payments within 26 different countries. Bluevine is a neobank, partnering with chartered banks, that works with SMEs to enable business checking, bill pay, and lines of credit…. Read More

Interactive Brokers Integrates Wise to Enable Transfers

Interactive Brokers (NASDAQ:IKBR) has integrated Wise (LSE:WISE) into its platform to allow account holders to benefit from Wise’s global transfer services. Interactive Brokers supports clients from over 200 countries and territories, so partnering with Wise makes a lot of sense. Interactive Brokers is a regulated… Read More

Money Transfer Service Atlantic Money Escalates Wise Conduct Concerns to European Commission

The fixed fee money transfer service, Atlantic Money, raised concerns at the Directorate-General for Competition (DG COMP) within the European Commission about the conduct of its competitor, the London Stock Exchange-listed technology company Wise. Having first raised its concerns in January with the Competition and… Read More