Morgan Stanley has partnered with Wise Platform to enhance its cross-border payment capabilities for corporate and institutional clients.

The collaboration makes Morgan Stanley the first investment bank to offer foreign exchange international settlements through Wise’s infrastructure.

By leveraging Wise Platform’s technology and pairing it with Morgan Stanley’s integrated approach, the bank aims to provide fast, cost-effective, transparent, and easy international payment solutions for its sophisticated corporate and institutional clients.

The integration allows the bank to reduce implementation timelines while expanding its suite of transactional foreign exchange services.

Wise Platform, the global payments infrastructure for banks, enables financial institutions to offer international payments using Wise’s network.

Steve Naudé, Managing Director of 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 at 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 faster, operationally robust, cost-effective payment capabilities in the banking industry.”

Featured image credit: Edited from Freepik

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