Wise

At the recent EBAday 2024 conference in Lisbon, experts revealed a staggering 34% decline in the active number of correspondents across Europe between 2011 and 2022, underscoring an ongoing trend among financial institutions to consolidate their routes, cut costs and create efficiencies.* If you'd like to learn more about the major trends shaping the future of cross-border #payments, our team was busy taking notes at the conference. Read our latest blog to learn more about: 💡Why the development of a unified vision amongst international payment providers is crucial for driving change. 🤔How banks are balancing operational efficiency with consumer demands and cost control when modernising their cross-border payments services. 🤝The ways banks can collaborate with correspondent service providers to enhance customers' access to global currencies, improve the cross-border payments experience and drive financial inclusion. 🔍Read the full article for more insights on how banks are rethinking how they move and manage international payments: https://lnkd.in/e7yt9cSQ *Source: CPMI correspondent banking chartpack

Junk fees in the US are widespread and damaging. These hidden charges erode trust, alter consumer behaviour, and cause financial stress 👎 While most policy focuses on junk fees in travel, hospitality, and events, our research shows there's also a massive impact in financial services. On international payments, Americans lost $5.8 billion to fees hidden in exchange rate mark-ups in 2023 alone 🤯 It's time to take action 💪 Swipe to learn about the scale of the problem. Then join us in urging Congress to support the CFPB to end junk fees in international payments 📣 Find out how you can make a difference: https://wi.se/lblnkl

At Wise, our fantastic employees use one word to describe their experience: 🚀 Swift, 🌍 Global, 🤝 Supportive, 🌟 Innovative, and 🌱 Ever-changing. Our diverse team, spanning from Austin to London, embraces a vibrant and dynamic work environment ✨ Ready to join a supportive and forward-thinking community? Make a Wise Move and explore our open roles at wise.jobs! 💚 #WiseCareers #JoinWise #CareerOpportunities #LifeatWise

🔍For banks to win back the low value international payments segment, now worth $12 trillion in cross-border payments outflows, they should cultivate five core capabilities. 🌍 Last month, Wise Connect London gathered over 150 #global payments #innovators from 50 top tier European banks and enterprises, including Raiffeisen Bank International, Lloyds Banking Group, BIS Innovation Hub, Natest, Bank of America, Bank for International Settlements and McKinsey to explore how financial institutions can better serve the low-value international payments segment. 👉 Read the key insights from the event including the significance of building a robust network, sophisticated treasury management, #compliance at scale, operational #automation and customer #experience: https://wi.se/6w85ks

A big welcome to our WiseStart Interns this Summer 💚🌞 This week we welcomed 44 interns who have joined our Engineering, Design, Analytics & Data Science teams across Tallinn, London, Budapest & Singapore. They’ve just completed their first week of onboarding together in London, where they learned about our Wise culture & values and were able to take part in activities and get to know each other and their colleagues through networking events, before heading back to their local offices to get started. Welcome to all our interns! We hope this week has left you feeling inspired to begin working on customer-facing projects and help us to solve real business challenges! 🚀 Interested in joining Wise? Check out our open roles-  https://wise.jobs/ #LifeatWise #Internship #JobOpportunities

🔍Which key metrics should be on your radar when evaluating potential correspondent service providers? In a piece for the EBAday event magazine, Abid Mumtaz, Commercial Director of Wise Platform shares four key metrics to consider when evaluating new #payments partnerships, including: 🌎 How the collaboration will benefit the customers’ experience and address specific pain points, from #currency routes to payment methods. 🌎 Why speed, cost and transparency remain essential, enabling #banks to capture vital market share in the low value international payments space. 🌎 Ensure ease of #integration by understanding how your technology, compliance and security requirements align with partner specifications. 🌎 Assess network quality and reach by determining the countries and currencies covered by the partner, their supported payout methods and RTGS membership status. Abid also explains that by collaborating with the next generation of correspondent service providers, banks can deliver a world-class cross-border payments experience for their customers and drive growth. Read the full article: https://wi.se/ebadays

Want to learn how Qonto's new partnership with Wise Platform is opening up a world of fast, low cost and transparent payments for European businesses? 👀 Check out the video below 👇 🌎 Learn more in our blog: https://wi.se/qonto

Sharing the joys of Eid al-Adha from last week! 🎉 ✨ Also known as the Festival of Sacrifice, Eid al-Adha is a time of celebration for Muslims worldwide. 💚 At Wise, our Muslim Wiser Community celebrated this occasion by connecting with each other, having delicious feasts, and cherishing the wonderful community that we have! 😇 Wishing everyone peace and prosperity, and Eid Mubarak to all! 🎊 #eidmubarak #eidaladha 

Our Product Team at Wise is dedicated, innovative, and passionate about making a global impact 🌍 They are rapidly building new products for new kinds of consumers and businesses around the world 🚀 Check out our newest video, where our Product team shares their insights behind working at Wise 🌟 Make a wise move and join our Product Team! Open roles here → wise.jobs #Product #LifeAtWise

🎉We’re excited to announce that our latest integration with Qonto, the leading European business finance solution for SMEs and freelancers, is now LIVE! With this new partnership, Qonto is upgrading their customers’ cross-border #payments experience to be faster, cheaper and with increased global coverage ⚡ This rollout is a significant step for Wise Platform in Europe and we are thrilled to be teaming up with Qonto to give their 500,000 European customers the best tools to expand their business internationally! 🌎 Learn more about how Qonto is harnessing the power of Wise Platform to offer their customers a world-class international payments experience in our blog: https://wi.se/qonto