StoneX and Fiserv Partner to Enhance Cross-Border Payment Capabilities for Financial Institutions
StoneX Group Inc. (NASDAQ: SNEX) has announced a strategic partnership with Fiserv, Inc. (NYSE: FI) to enhance cross-border payment capabilities for financial institutions. The collaboration integrates StoneX Payments with Fiserv's Payments Exchange Services, enabling community banks and credit unions to access institutional-grade infrastructure for global payments.
The partnership provides financial institutions with improved global reach, competitive pricing, and enhanced transparency across cross-border payment lifecycles. Fiserv's platform offers real-time payments through the RTP® Network and FedNow® Service, operating 24/7/365. StoneX's global coverage aims to eliminate redundancies and streamline international transfer processes, potentially reducing costs and accelerating payment fulfillment.
StoneX Group Inc. (NASDAQ: SNEX) ha annunciato una collaborazione strategica con Fiserv, Inc. (NYSE: FI) per migliorare le capacità di pagamento transfrontaliero per le istituzioni finanziarie. La collaborazione integra StoneX Payments con i servizi di pagamento di Fiserv, consentendo a banche di comunità e cooperative di credito di accedere a un'infrastruttura di livello istituzionale per i pagamenti globali.
Questo partenariato offre alle istituzioni finanziarie una maggiore portata globale, prezzi competitivi e maggiore trasparenza durante tutto il ciclo di vita dei pagamenti transfrontalieri. La piattaforma di Fiserv offre pagamenti in tempo reale tramite la rete RTP® e il servizio FedNow®, operando 24/7/365. La copertura globale di StoneX mira a eliminare ridondanze e semplificare i processi di trasferimento internazionale, riducendo potenzialmente i costi e accelerando l'adempimento dei pagamenti.
StoneX Group Inc. (NASDAQ: SNEX) ha anunciado una asociación estratégica con Fiserv, Inc. (NYSE: FI) para mejorar las capacidades de pago transfronterizo para las instituciones financieras. La colaboración integra StoneX Payments con los servicios de intercambio de pagos de Fiserv, permitiendo a los bancos comunitarios y cooperativas de crédito acceder a una infraestructura de grado institucional para pagos globales.
La asociación proporciona a las instituciones financieras un alcance global mejorado, precios competitivos y mayor transparencia a lo largo de los ciclos de vida de los pagos transfronterizos. La plataforma de Fiserv ofrece pagos en tiempo real a través de la red RTP® y el servicio FedNow®, operando 24/7/365. La cobertura global de StoneX tiene como objetivo eliminar redundancias y simplificar los procesos de transferencia internacional, lo que podría reducir costos y acelerar la realización de pagos.
StoneX Group Inc. (NASDAQ: SNEX)는 금융 기관의 국경 간 결제 기능을 강화하기 위해 Fiserv, Inc. (NYSE: FI)와 전략적 파트너십을 발표했습니다. 이번 협력으로 StoneX Payments와 Fiserv의 결제 교환 서비스가 통합되어 지역 은행과 신용 조합이 글로벌 결제에 대한 기관 수준의 인프라에 접근할 수 있게 됩니다.
이번 파트너십은 금융 기관에 개선된 글로벌 범위, 경쟁력 있는 가격, 그리고 국경 간 결제 생애 주기 전반에 걸쳐 향상된 투명성을 제공합니다. Fiserv의 플랫폼은 RTP® 네트워크와 FedNow® 서비스를 통해 실시간 결제를 제공하며, 24/7/365 운영됩니다. StoneX의 글로벌 커버리지는 중복성을 제거하고 국제 송금 프로세스를 간소화하여 비용을 줄이고 결제 이행을 가속화할 수 있습니다.
StoneX Group Inc. (NASDAQ: SNEX) a annoncé un partenariat stratégique avec Fiserv, Inc. (NYSE: FI) pour renforcer les capacités de paiement transfrontalier des institutions financières. Cette collaboration intègre StoneX Payments avec les services d'échange de paiements de Fiserv, permettant aux banques communautaires et aux coopératives de crédit d'accéder à une infrastructure de niveau institutionnel pour les paiements mondiaux.
Ce partenariat offre aux institutions financières une portée mondiale améliorée, des tarifs compétitifs et une transparence accrue tout au long du cycle de vie des paiements transfrontaliers. La plateforme de Fiserv propose des paiements en temps réel via le réseau RTP® et le service FedNow®, fonctionnant 24/7/365. La couverture mondiale de StoneX vise à éliminer les redondances et à rationaliser les processus de transfert internationaux, réduisant potentiellement les coûts et accélérant l'exécution des paiements.
StoneX Group Inc. (NASDAQ: SNEX) hat eine strategische Partnerschaft mit Fiserv, Inc. (NYSE: FI) angekündigt, um die grenzüberschreitenden Zahlungsfähigkeiten von Finanzinstitutionen zu verbessern. Die Zusammenarbeit integriert StoneX Payments mit den Zahlungsdiensten von Fiserv, sodass Gemeindebanken und Kreditgenossenschaften auf eine institutionelle Infrastruktur für globale Zahlungen zugreifen können.
Die Partnerschaft bietet Finanzinstitutionen eine verbesserte globale Reichweite, wettbewerbsfähige Preise und increased transparency im gesamten Lebenszyklus der grenzüberschreitenden Zahlungen. Die Plattform von Fiserv bietet Echtzeit-Zahlungen über das RTP®-Netzwerk und den FedNow®-Service und ist rund um die Uhr, 365 Tage im Jahr im Einsatz. Die globale Abdeckung von StoneX zielt darauf ab, Redundanzen zu eliminieren und internationale Überweisungsprozesse zu optimieren, wodurch Kosten gesenkt und die Zahlungsabwicklung beschleunigt werden könnte.
- Strategic partnership with Fiserv expands market reach to community banks and credit unions
- Platform integration enables new revenue streams for financial institutions
- Streamlined processes potentially reduce operational costs
- Enhanced competitive position in cross-border payment services
- None.
Insights
This strategic partnership represents a significant market opportunity for StoneX, positioning the company to capture a larger share of the $156 trillion global cross-border payments market. The collaboration addresses a critical gap in the community banking sector, where smaller institutions have traditionally struggled to compete with larger banks in international payments.
The integration creates a powerful value proposition through three key mechanisms:
- Cost reduction through elimination of intermediary banks and optimization of payment routes
- Revenue enhancement via new fee-based income streams for community banks
- Competitive differentiation through enterprise-grade capabilities previously available only to large institutions
From a technological perspective, the partnership leverages Fiserv's extensive distribution network - serving over 10,000 financial institutions - while incorporating StoneX's sophisticated FX and payments infrastructure. This creates a scalable platform that could significantly accelerate StoneX's penetration into the community banking segment.
The timing is particularly strategic, coinciding with the ongoing modernization of payment systems through initiatives like FedNow and RTP Network. By integrating with these real-time payment rails, StoneX positions itself at the forefront of the industry's evolution toward instant, 24/7 cross-border transactions.
For investors, this partnership offers multiple growth vectors:
- Expansion of StoneX's addressable market into previously underserved segments
- Creation of recurring revenue streams through platform fees and FX spreads
- Enhanced competitive positioning against both traditional banks and fintech competitors
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) announced that its Payments Division (“StoneX Payments”) has entered into a partnership with Fiserv, Inc. (NYSE: FI) to extend its advanced cross-border payments offering to financial institutions. In conjunction with Fiserv’s Payments Exchange Services, community banks and credit unions will have an opportunity to directly leverage StoneX’s institutional-grade infrastructure, resulting in dramatically improved global reach, ultra-competitive pricing, and robust transparency across cross-border payment lifecycles.
Payments Exchange Services from Fiserv is a flexible, web-based platform for completing end-to-end, real-time payments 24/7/365 through the RTP® Network from The Clearing House and the US Federal Reserve’s FedNow® Service, while also offering a range of foreign exchange and global payment capabilities.
“This partnership with Fiserv is a key part of our broader strategic vision to expand StoneX Payments’ reach and enhance cross-border money movement for financial institutions globally,” said Thiago Vieira, Global Head of StoneX Payments. “This collaboration represents a significant opportunity for banks and credit unions to obtain enhanced capabilities that have traditionally been reserved for only the world's largest financial institutions.”
StoneX’s broad global coverage eliminates redundancies and streamlines processes associated with legacy systems and networks, which are reliant on multiple intermediaries to facilitate international transfers. This approach can result in significant cost reduction, faster payment fulfillment, and an enhanced client experience throughout the payment lifecycle.
“Over time, through our close work with community banks and credit unions, we've recognized the critical need for a more competitive offering compared to what the market has traditionally provided,” said Stephen Kuhl, Managing Director, Financial Institutions for StoneX Payments. “Our platform empowers financial institutions to significantly elevate their client offering with a global payments solution and leverage multiple benefits, including improved client retention, new revenue streams, and enhanced competitiveness. Community banks and credit unions increasingly have realized that offering international payments services is essential to meeting the needs of their diverse client base, including businesses, high-net-worth clients, and individuals at large with global requirements.”
“At Fiserv, we recognize that foreign exchange and international payments are an invaluable part of community banks' and credit unions' product suites. It is imperative that they offer capabilities on par with the broader competitive landscape,” said Justin Jackson, Senior Vice President of Enterprise Payment Solutions at Fiserv. “We look forward to partnering with StoneX to bring their comprehensive service offering to this segment.”
About Fiserv:
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
About StoneX:
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be the one trusted partner to its clients, providing its network, products, and services to allow them to pursue trading opportunities, manage their market risks, make investments, and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its 4,300+ employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents.
NASDAQ: SNEX
www.stonex.com
For more information contact:
Stephen Kuhl, Managing Director: Financial Institutions
Stephen.kuhl@stonex.com
FAQ
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