Wise

What is straight-through processing, and why is it so important for banks to offer it to their customers? 💡 You might be familiar with STP as a method of automating and speeding up financial transactions while reducing manual intervention 🌍 BUT did you know that the average global STP rate for cross-border #payments is just 26%?* 🤔 As customer demand for instant global payments rises, #banks are looking for ways to help bridge this gap. But with budgets and resources tighter than ever, how can banks boost their STP rates without a major technical overhaul? ⚙️ In this article, Wise Platform’s Head of Payment Operations, Triin Teppo explores the crucial solutions that will enable banks to improve STP rates for cross-border payments and highlights the power of industry-wide collaboration. Triin also shares how Wise Platform has reached an impressive 99% STP rate through: ✅ An extensive global network with 5 direct connections into payment systems and 90+ banking partners ✅ Real-time treasury management ✅ Scalable compliance backed by local servicing teams and compliance teams ✅Operational automation Discover how Wise Platform partners are benefiting from these capabilities without costly upgrades to their infrastructure. Read Triin’s full article: https://wi.se/1mwbxq7 *Lexis Nexis (2023). “True Impact of Failed Payments Report.”

Take control of your business finances with Wise! 🚀 We've created 5 tailored roles to make sending and spending internationally easier, more secure, and more efficient for your team. Plus, you can set custom spending limits for employees, manage budgets with Groups, and stay on top of all your global business transactions. 🌍 Learn how to set up roles and streamline your Wise Business account here: https://wi.se/j6wvrz

£3,700 is a lot of money for a small business - for many it could be make or break 💔 And new research from Wise has shown that this is the amount UK SMBs are losing to hidden fees on international #payments every single year 😵 In fact, business are struggling with price rises at every turn, with nearly 7 in 10 (69%) fearing they might have to close this year due to rising costs. That’s why we’re calling on the UK government to End the Opt Out and make a small change to payments. By removing the ‘Corporate Opt Out’ in their review of the Payments Services Regulation, policymakers will be removing banks’ ability to hide fees and markups within the ‘exchange rate’ advertised on their overseas #transfers.  It’ll cost the UK taxpayer nothing - but could save SMBs billions. Wise Business customer DAVIDE TROISE is the founder of TROISE & SONS barbers in Hackney, London. Davide’s small business has bucked the trend and is thriving, and he has now expanded into Spain, opening a new salon in Barcelona. Davide says: “Many small businesses in the UK might be looking to #expand into international markets to benefit from a larger customer base like us - but there can be lots of barriers in the way of doing this. “It can be very slow and complicated to deal with banks when it comes to this international expansion, and it is made even worse when they are ripping you off with hidden #fees.” At Wise, we believe small businesses deserve better. You can join Davide in supporting the End the Opt Out Campaign by signing the petition today ✍️: https://wi.se/zjxjzw Learn more about the campaign and our latest business research in national news coverage from: The Sun: https://lnkd.in/eFuQSzJN The Daily Mirror:https://lnkd.in/eAma3Ygs

Applications are now open for our WiseStart programs. 🚀 Kickstart your career in one of the world’s fastest growing FinTech companies, and join a team that’s helping shape the future of finance. We’ll be adding even more roles in the weeks to come. Keep an eye out on our website for more details. 🎯 Head to https://lnkd.in/eifZJ5mG and apply today. #LifeAtWise #WiseCareers #EarlyCareerOpportunities

''It's just a really good app, offering quick payments. We make lots of international payments and it's great to have this kind of visibility of holding in different currencies,'' - Jack Cowell, co-founder of Interrail Planner. Learn how Wise’s transparent, multi-currency solutions are helping Interrail Planner to simplify international payments and make global rail adventures easier for their customers. 🚆 Whether it's paying developers in Croatia, getting paid in EUR to local account details, or spending with Wise cards* on a business trip, read more about how Jack is powering his business with Wise: https://wi.se/1slscmi *Cards are not available in all regions.

Want to catch up on the latest news from the world of #fintech? 🌍 Last week, Wise Platform’s Head of UK & Europe Partnerships, Roisin Levine took to the stage at the 11:FS After Dark event to record an episode of the Fintech Insider News podcast live in front of an audience of 250+ financial services professionals 🎤 Roisin was joined by Megan Caywood Cooper (former CPO at Barclays and Starling Bank), Javed Anjum (CEO of One Banx) and Jamie Campbell (Head of VC at 11:FS) to talk through this week’s top stories 📰 Roisin also shared her insights on Wise’s latest research into scams, which found that nearly half (49%) of 18-24 year olds and 51% of millennials fell victim to scams in the last year, compared to just 13% of Baby Boomers. 🎙️The episode has just dropped! Check it out on Spotify: https://lnkd.in/efzvBDwY 📺 Or stream it on YouTube: https://lnkd.in/e3nuyeeT

We recently marked a significant milestone—5 years since we secured our Payment Institution licence in Belgium and opened our Brussels office! 🎉 To mark the occasion, we hosted an event to reflect on our progress, celebrate our achievements, and share our vision for the future of payments in Belgium and the EU. 💡 We heard valuable insights from three key speakers in the Belgian payments ecosystem: Saar Carre, Jan Vermeulen, and our very own Diana Avila. Together, they explored how banks, fintechs, and regulators play in driving innovation within the payments and services sectors. A huge thank you to everyone who joined us, especially our fantastic guest speakers, and moderator, Julie Arnoux. 👏 Check out our open roles in Brussels 👉 https://bit.ly/4e3RIAY #LifeAtWise #Brussels #NetworkingEvent #FinancialServices

Are you attending Sibos in Beijing, 21-24 October? If so, we’d love to meet with you! 🌍 Wise Platform is excited to be sponsoring this year’s event. Our team will be onsite at lounge 302A, keen to discuss how we can help your #bank transform the way you send and receive global #payments ⚡ Don’t miss out on our insightful panel sessions throughout the week featuring Wise Platform global payments experts Samarth Bansal, Till Wirth and Shrawan (SK) Saraogi. They will delve into the future of payments, the evolving #correspondent ecosystem and the power of collaboration in this fast-paced industry 💡 And why not challenge yourself to outpace the speed of an instant global payment sent via Wise Platform’s trusted network? We’re proud to be sponsoring the Sibos 5K run on Wednesday, 23 October. Our team will be there to chat after the race or just compare lap times! 🏃🏽♀️➡️ We’d love to learn more about your #international payments needs, and share a little about how we’re helping banks and global enterprises navigate the rapidly evolving correspondent #banking ecosystem. Simply visit our event page to book in a meeting. We look forward to seeing you there! https://wi.se/1465hd

Wondering what's trending in e-commerce for 2025? 📈 Stay ahead in the UK import-export game with these key #trends for the coming year: • #Sustainable practices are essential, focusing on reducing carbon footprints. • Emerging markets in Asia and Africa are unlocking new #opportunities for UK exporters. • Tech #innovations like AI are transforming logistics and supply chains. 👉 Discover the trends that will define the next year and how you can use Wise Business to help you navigate them: https://lnkd.in/eGnfZHgS

We’re excited to announce that we’ve been shortlisted at the Greater Austin Business Awards in the Employee Health and Wellness category! This recognition celebrates our commitment to wellbeing and fostering a supportive workplace. 🚀 Looking for your next role? We’re hiring! Check out our open roles https://wise.jobs/ #LifeAtWise #GreaterAustinBusinessAward #CompanyCulture