Morgan Stanley selects Wise Platform to boost payments for Corporate Clients

By Gloria Mathias

Wise, the global technology company, has been selected by Morgan Stanley, a global financial services firm, to facilitate Morgan Stanley’s foreign exchange international settlement capabilities for its corporate customers.

Morgan Stanley will offer clients high-speed cross-border settlements through Wise Platform, Wise’s global payments infrastructure for banks. This integration will also make Morgan Stanley the first investment bank to enable these corporate payment capabilities on the Wise Platform.

This solution pairs Wise’s payment 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 of 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 payment 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 at Morgan Stanley, said, “At Morgan Stanley, we are committed to delivering 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 banks, financial institutions, and businesses to power their international payments using Wise’s global infrastructure. 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.