Morgan Stanley Selects Wise Platform to Enhance Payments Capabilities for Corporate Clients
Morgan Stanley has selected Wise Platform to enhance its foreign exchange international settlement capabilities for corporate customers, becoming the first investment bank to enable these corporate payment capabilities through Wise's infrastructure.
The integration combines Wise's advanced payments technology with Morgan Stanley's integrated approach to provide fast, cost-effective cross-border settlements. Wise Platform offers instant completion for 63% of cross-border payments in under 20 seconds, supported by 65+ licenses and 6 direct payment system connections.
This collaboration will complement Morgan Stanley's existing transactional foreign exchange services for corporate and institutional clients, leveraging Wise's local connectivity to reduce implementation timelines while maintaining service quality.
Morgan Stanley ha selezionato Wise Platform per migliorare le sue capacit脿 di liquidazione delle transazioni internazionali in valuta estera per clienti aziendali, diventando la prima banca d'investimento a abilitare queste capacit脿 di pagamento aziendale mediante l'infrastruttura di Wise.
L'integrazione combina la tecnologia avanzata dei pagamenti di Wise con l'approccio integrato di Morgan Stanley per fornire liquidazioni transfrontaliere rapide ed economiche. Wise Platform offre il completamento istantaneo per il 63% dei pagamenti transfrontalieri in meno di 20 secondi, supportato da oltre 65 licenze e 6 connessioni dirette ai sistemi di pagamento.
Questa collaborazione si completer脿 con i servizi di cambio valuta esistenti di Morgan Stanley per clienti aziendali e istituzionali, sfruttando la connettivit脿 locale di Wise per ridurre i tempi di implementazione mantenendo la qualit脿 del servizio.
Morgan Stanley ha seleccionado Wise Platform para mejorar sus capacidades de liquidaci贸n internacional de divisas para clientes corporativos, convirti茅ndose en el primer banco de inversi贸n en habilitar estas capacidades de pago corporativo a trav茅s de la infraestructura de Wise.
La integraci贸n combina la avanzada tecnolog铆a de pagos de Wise con el enfoque integrado de Morgan Stanley para proporcionar liquidaciones transfronterizas r谩pidas y rentables. Wise Platform ofrece la finalizaci贸n instant谩nea del 63% de los pagos transfronterizos en menos de 20 segundos, respaldado por m谩s de 65 licencias y 6 conexiones directas a sistemas de pago.
Esta colaboraci贸n complementar谩 los servicios de cambio de moneda transaccionales existentes de Morgan Stanley para clientes corporativos e institucionales, aprovechando la conectividad local de Wise para reducir los plazos de implementaci贸n mientras se mantiene la calidad del servicio.
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Morgan Stanley a s茅lectionn茅 Wise Platform pour am茅liorer ses capacit茅s de r猫glement international des devises pour les clients corporatifs, devenant ainsi la premi猫re banque d'investissement 脿 permettre ces capacit茅s de paiement d'entreprise via l'infrastructure de Wise.
L'int茅gration combine la technologie avanc茅e de paiements de Wise avec l'approche int茅gr茅e de Morgan Stanley afin de fournir des r猫glements transfrontaliers rapides et rentables. Wise Platform offre un ach猫vement instantan茅 pour 63 % des paiements transfrontaliers en moins de 20 secondes, soutenu par plus de 65 licences et 6 connexions directes aux syst猫mes de paiement.
Cette collaboration viendra compl茅ter les services existants de change transactionnels de Morgan Stanley pour les clients d'entreprise et institutionnels, tirant parti de la connectivit茅 locale de Wise pour r茅duire les d茅lais d'impl茅mentation tout en maintenant la qualit茅 du service.
Morgan Stanley hat Wise Platform ausgew盲hlt, um seine F盲higkeiten zur internationalen Abwicklung von Devisen f眉r Unternehmenskunden zu verbessern, und wird damit zur ersten Investmentbank, die diese Unternehmenszahlungsf盲higkeiten 眉ber die Infrastruktur von Wise aktiviert.
Die Integration kombiniert die fortschrittliche Zahlungstechnologie von Wise mit dem integrierten Ansatz von Morgan Stanley, um schnelle, kosteneffiziente grenz眉berschreitende Abwicklungen bereitzustellen. Wise Platform bietet eine sofortige Abwicklung f眉r 63 % der grenz眉berschreitenden Zahlungen in weniger als 20 Sekunden und wird durch 眉ber 65 Lizenzen und 6 direkte Zahlungssystemverbindungen unterst眉tzt.
Diese Zusammenarbeit wird die bestehenden transaktionalen Devisendienstleistungen von Morgan Stanley f眉r Unternehmens- und institutionelle Kunden erg盲nzen und die lokale Konnektivit盲t von Wise nutzen, um die Implementierungszeiten zu verk眉rzen und gleichzeitig die Servicequalit盲t aufrechtzuerhalten.
- First investment bank to integrate Wise Platform for corporate payments
- Enhanced payment capabilities with 63% of transfers completed in under 20 seconds
- Access to Wise's extensive network (65+ licenses, 6 direct payment connections)
- Reduced implementation timelines for cross-border settlements
- None.
Insights
The strategic partnership between Morgan Stanley and Wise Platform represents a significant advancement in the institutional banking sector. This integration positions Morgan Stanley as a pioneer among investment banks, leveraging Wise's established infrastructure that processes 63% of cross-border payments within 20 seconds. The collaboration will enhance Morgan Stanley's competitive edge in the $156 trillion cross-border payments market, potentially driving new revenue streams through improved corporate client services.
The implementation of Wise's technology will likely reduce operational costs and increase efficiency in Morgan Stanley's FX operations. With Wise's 65+ licenses and 6 direct payment system connections, Morgan Stanley gains access to an extensive global payment network without the need for substantial infrastructure investment. This move aligns with the broader industry trend of traditional banks partnering with fintech providers to modernize their payment capabilities.
This partnership signals Morgan Stanley's strategic pivot toward enhancing its transaction banking capabilities, particularly in cross-border payments. The collaboration with Wise Platform demonstrates Morgan Stanley's commitment to modernizing its corporate banking infrastructure while maintaining its institutional banking prowess. By integrating Wise's technology, Morgan Stanley can offer more competitive FX services to its corporate clients, potentially increasing its market share in transaction banking.
The move is particularly timely as corporate clients increasingly demand faster, more transparent international payment solutions. This initiative could help Morgan Stanley capture a larger portion of the corporate banking market, traditionally dominated by commercial banks, while differentiating its service offering in the competitive investment banking landscape.
This market leading solution pairs Wise鈥檚 cutting edge payments capabilities with Morgan Stanley鈥檚 one-firm, integrated, cross-divisional approach to providing the best solutions for its client base. By harnessing Wise鈥檚 technology and local connectivity, Morgan Stanley can focus on servicing its sophisticated clients while reducing implementation timelines. The offering will complement Morgan Stanley鈥檚 existing suite of transactional foreign exchange services targeting corporate and institutional clients.
Steve Naud茅, Managing Director, Wise Platform said, 鈥淭his 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鈥檙e thrilled to be working with them to enable their corporate payment capabilities and bring fast, cost-effective, transparent and easy payments to Morgan Stanley鈥檚 clients.鈥�
Samer Oweida, Global Head of Foreign Exchange and Emerging Markets, Morgan Stanley said, 鈥淎t 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.鈥�
Wise Platform works with the world鈥檚 leading banks, financial institutions, and businesses to power their international payments using Wise鈥檚 global infrastructure. With 65+ licences and 6 direct connections to payment systems, 63 percent of Wise鈥檚 cross-border payments are completed instantly, under 20 seconds. Additionally, Wise Platform partners benefit from the expertise of a global engineering team and dedicated specialists in implementation, compliance and 24/7 support, to ensure seamless, secure and fast integrations.
Over the past 14 years, Wise has been singularly focused on building the network for the world鈥檚 money by solving the complexities of moving and managing money across borders. Its selection by Morgan Stanley is a testament to the speed, scale and reliability of the infrastructure and network it鈥檚 built over the last decade.
About Wise Platform
Wise is a global technology company, building the best way to move and manage the world鈥檚 money. Over the last decade, Wise has built an entirely new network for the world鈥檚 money.
Thanks to Wise Platform, banks and large companies can leverage Wise鈥檚 technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. With a wide variety of partners worldwide, Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cheap, transparent and convenient cross-border payments to their customers.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm鈥檚 employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit .
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Wise
Casey Yandell
press@wise.com
Morgan Stanley
Azar Boehm
Azar.Boehm@morganstanley.com
Source: Wise
FAQ
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