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 capacità di liquidazione delle transazioni internazionali in valuta estera per clienti aziendali, diventando la prima banca d'investimento a abilitare queste capacità 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 completerà con i servizi di cambio valuta esistenti di Morgan Stanley per clienti aziendali e istituzionali, sfruttando la connettività locale di Wise per ridurre i tempi di implementazione mantenendo la qualità del servizio.
Morgan Stanley ha seleccionado Wise Platform para mejorar sus capacidades de liquidación internacional de divisas para clientes corporativos, convirtiéndose en el primer banco de inversión en habilitar estas capacidades de pago corporativo a través de la infraestructura de Wise.
La integración combina la avanzada tecnología de pagos de Wise con el enfoque integrado de Morgan Stanley para proporcionar liquidaciones transfronterizas rápidas y rentables. Wise Platform ofrece la finalización instantánea del 63% de los pagos transfronterizos en menos de 20 segundos, respaldado por más de 65 licencias y 6 conexiones directas a sistemas de pago.
Esta colaboración complementará 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 implementación mientras se mantiene la calidad del servicio.
모건 스탠리는 와이즈 플랫폼을 선택하여 기업 고객을 위한 외환 국제 결제 능력을 향상시키고, 와이즈의 인프라를 통해 이러한 기업 결제 기능을 활성화한 최초의 투자은행이 되었습니다.
이번 통합은 와이즈의 첨단 결제 기술과 모건 스탠리의 통합 접근 방식이 결합되어 빠르고 비용 효율적인 국경 간 결제를 제공합니다. 와이즈 플랫폼은 63%의 국경 간 결제를 20초 이내에 즉시 완료할 수 있으며, 65개 이상의 라이센스와 6개의 직접 결제 시스템 연결을 지원합니다.
이번 협력은 모건 스탠리의 기업 및 기관 고객을 위한 기존 외환 거래 서비스를 보완하고, 높은 서비스 품질을 유지하면서 구현 시간 단축을 위해 와이즈의 현지 연결성을 활용할 것입니다.
Morgan Stanley a sélectionné Wise Platform pour améliorer ses capacités de règlement international des devises pour les clients corporatifs, devenant ainsi la première banque d'investissement à permettre ces capacités de paiement d'entreprise via l'infrastructure de Wise.
L'intégration combine la technologie avancée de paiements de Wise avec l'approche intégrée de Morgan Stanley afin de fournir des règlements transfrontaliers rapides et rentables. Wise Platform offre un achèvement instantané pour 63 % des paiements transfrontaliers en moins de 20 secondes, soutenu par plus de 65 licences et 6 connexions directes aux systèmes de paiement.
Cette collaboration viendra compléter les services existants de change transactionnels de Morgan Stanley pour les clients d'entreprise et institutionnels, tirant parti de la connectivité locale de Wise pour réduire les délais d'implémentation tout en maintenant la qualité du service.
Morgan Stanley hat Wise Platform ausgewählt, um seine Fähigkeiten zur internationalen Abwicklung von Devisen für Unternehmenskunden zu verbessern, und wird damit zur ersten Investmentbank, die diese Unternehmenszahlungsfähigkeiten über die Infrastruktur von Wise aktiviert.
Die Integration kombiniert die fortschrittliche Zahlungstechnologie von Wise mit dem integrierten Ansatz von Morgan Stanley, um schnelle, kosteneffiziente grenzüberschreitende Abwicklungen bereitzustellen. Wise Platform bietet eine sofortige Abwicklung für 63 % der grenzüberschreitenden Zahlungen in weniger als 20 Sekunden und wird durch über 65 Lizenzen und 6 direkte Zahlungssystemverbindungen unterstützt.
Diese Zusammenarbeit wird die bestehenden transaktionalen Devisendienstleistungen von Morgan Stanley für Unternehmens- und institutionelle Kunden ergänzen und die lokale Konnektivität von Wise nutzen, um die Implementierungszeiten zu verkürzen und gleichzeitig die Servicequalität 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’s cutting edge payments capabilities with Morgan Stanley’s one-firm, integrated, cross-divisional approach to providing the best solutions for its client base. By harnessing Wise’s technology and local connectivity, Morgan Stanley can focus on servicing its sophisticated clients while reducing implementation timelines. The offering will complement Morgan Stanley’s existing suite of transactional foreign exchange services targeting corporate and institutional clients.
Steve Naudé, Managing Director, 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, 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 fastest, operationally robust and cost-effective payment capabilities in the banking industry.”
Wise Platform works with the world’s leading banks, financial institutions, and businesses to power their international payments using Wise’s global infrastructure. With 65+ licences and 6 direct connections to payment systems, 63 percent of Wise’s 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’s 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’s built over the last decade.
About Wise Platform
Wise is a global technology company, building the best way to move and manage the world’s money. Over the last decade, Wise has built an entirely new network for the world’s money.
Thanks to Wise Platform, banks and large companies can leverage Wise’s 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’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241217195324/en/
Wise
Casey Yandell
press@wise.com
Morgan Stanley
Azar Boehm
Azar.Boehm@morganstanley.com
Source: Wise
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