Morgan Stanley selected Wise to power its foreign exchange international settlements for corporate customers. Wise will provide its global payments infrastructure for Morgan Stanley, according to a press release.
The Wise Platform has more than 65 licenses and six connections to payment systems to complete many cross-border payments instantly. With this solution, Morgan Stanley can meet the needs of international businesses.
“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 fastest, operationally robust and cost-effective payment capabilities in the banking industry,” Samer Oweida, global head of foreign exchange and emerging markets, Morgan Stanley, said in the release.
“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,” Steve Naude, managing director, Wise Platform, said in the release.
