🔍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
Wise
Financial Services
160+ countries. 40+ currencies. Money for here, there and everywhere.
About us
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold 40+ currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money. Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE. 16 million people and businesses use Wise globally, which processes £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year. For customer queries: Please note that LinkedIn is not a Wise Customer Support channel. If you would like to hear from our Customer Support team, please see our Facebook, Twitter and Instagram pages. Login to access customer support: https://wise.com/login/ FB: https://www.facebook.com/Wise/ IG:https://www.instagram.com/wiseaccount/ TW:https://twitter.com/home
- Website
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https://wise.com/?&utm_medium=organic_social&utm_source=LinkedIn&utm_campaign=All&utm_content=LIPageButton
External link for Wise
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2011
- Specialties
- money transfer, currency exchange, foreign currency, crowdsourcing, peer-to-peer, fintech, finance, technology, tech, culture, P2P, startup, consumer services, start-up, start up, financial technology, mission, purpose, autonomy, and borderless
Products
![Click here to view Wise]()
Wise
Currency Exchange Software
Powering money for people and businesses around the world — to spend, pay and get paid in 40+ currencies. We’re working to make using and moving money globally instant, convenient, transparent and eventually free.
Locations
Employees at Wise
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Toby Coppel
Co-founder and Partner @ Mosaic Ventures | Partnering with the most ambitious founders in Europe
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Tany Calixto Bonfim
Due Diligence Senior Agent at Wise, Former Judicial Law Clerk at the Court of Justice of São Paulo - Master of Laws LL. M in International Human…
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Eero Raun
Helping companies use technology to improve business
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Caroline Grayson Nugent
Leadership Recruitment & Board Appointments
Updates
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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
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🔍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
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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
Payments that travel. Further. Faster. Speed up your international operations, and keep your business moving with Qonto’s improved international transfers. Powered by Wise. Banish delayed payments and keep supplier relations running smoothly. Know precisely where your payment’s at thanks to detailed real-time tracking. Get clarity on exactly how much you’re sending and any applicable fees upfront, and pay suppliers in over 130 countries. Learn more: https://lnkd.in/dHRin_ei
Payments that travel. Further. Faster.
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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
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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
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🎉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
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In just one year, Bank Mandiri's partnership with Wise Platform has saved its 23 million app users $2.3 million in cross-border transaction #fees, opening up a world of international payments to its customers in Indonesia 🇮🇩 Our latest case study explores how the #partnership is empowering Indonesia's largest bank to better serve the international needs of its corporate and retail customers, supporting $93.3 million in foreign currency transfers in the first year following the launch. Read our case study to discover how Bank Mandiri: 🌎 Modernised cross-border payments processes, eliminating long lines and high fees to provide fast, affordable and convenient international #payment services. 🛠️ Transformed cross-border payments quickly by leveraging Wise Platform’s #API, without the need for an extensive and costly #infrastructure overhaul. ⚡️ Expanded its currency offering, allowing Mandiri app users to send 13 currencies, including IDR, USD and EUR, with 66% of transactions arriving within seconds*. 🔍You can read the full case study online here: https://wi.se/bankmandiri Or checkout the PDF below ⬇️ *Transaction speed depends on individual circumstances and may not be available for all transactions.
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In finance, the counterintuitive truth is cheaper product == better product Since April we've adjusted fees across most of the routes on Wise, which led to much lower fees for larger transfers on major routes. Some other fees went up as well. Read on about how and why? We started Wise to make the best tool for moving and managing the world's money. Part of this mission is to make it cheaper and cheaper for you to use as we optimise away the costs and pass on these savings. On the other hand we always balance to be profitable, to be independent and reliable for you. How did we go about changing fees? Overall, we were able to lower the average fees by ~5%, because more and more people use Wise and the infrastructure investments are paying off, making it cheaper for us to serve your money. So, we made it cheaper for you to use Wise. But some changes were way bigger than the average. 😮 💥 Sending £5k to Europe costs 21% less now! 💥 Fees from Singapore to Australia are S$1.37 + 0.25%. That's 41% less for a S$10k transfer than it was in March. 💥 Earning in Switzerland and spending in Europe is now half the fees what it used to cost. These are just some examples. This clever calculator shows how your route has changed: https://lnkd.in/gZNZsZ5m It was a lot of good news for those moving bigger amounts on major routes, but some other destinations got more expensive, like transfers to Mexico and Vietnam. Local payouts from your Wise Account have higher fees, e.g in Australia (A$1.23) and the US ($1.13). Local payments in the UK, Eurozone, Singapore and Hungary remain free. Read more here https://lnkd.in/gTue6tqj
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