Tagged: transferwise

Cross-border Fintech Wise Talks IBAN Discrimination on World Consumer Rights Day, Other Fintechs Join Wise to Address Challenges

This World Consumer Rights Day, which took place on March 15, 2021, Fintech firm Wise (previous TransferWise) talked about what they consider to be IBAN “discrimination.” This World Consumer Rights Day, let’s talk about IBAN discrimination. IBAN discrimination is against the law – and has… Read More

Moving Money in 2021 Should be Like Sending an E-mail – Instant, According to Nick Catino from Cross-Border Payments Fintech Wise

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

Chatter: Transferwise (Wise) Investment Accounts Arriving Later this Year

Last year, it was reported that Transferwise (recently rebranded as Wise) had been approved in the UK to offer investment services for retail accounts. According to the FCA registry, “TIVN” is approved to offer various retail investment services. At that time, it was expected that… Read More

Transferwise Announces Rebranding to “Wise”

  Fintech Unicorn and stealth bank Transferwise announced on Monday it has officially rebranded to just Wise. Kristo Käärmann, Co-Founder and CEO of Wise, revealed in a blog post the rebranding is to show customers that the platform is more than just for money transfers…. Read More

TransferWise Co-Founder Taavet Hinrikus Is Launching New Startup Focused on Combating COVID-19 Pandemic

After disrupting the world of finance, particularly how cross-border transactions are settled, TransferWise Co-founder Taavet Hinrikus says he wants to develop solutions to combat the COVID-19 pandemic. Hinrikus confirmed that he’s launching a new startup called Certific, which will be focused on improving the overall… Read More

Remittance Payments have been Too Costly for Malaysian Consumers, with Many Giving Up on them Completely: TransferWise Survey

A survey performed by UK-based TransferWise, a leading online money transfer service, has provided insights on how the Coronavirus crisis has impacted consumer behavior, particularly how remittance payments are handled by individuals residing in Malaysia. The survey revealed that approximately 50% of people in Malaysia… Read More

Fintech Unicorn TransferWise to Expand its Debit Card Program with Assistance from Payments Giant Visa

UK-based Fintech Unicorn TransferWise is reportedly expanding its debit card program into many new markets after entering a worldwide deal with payments giant Visa (NYSE:V). Through the partnership, TransferWise will be connecting to Visa’s international transaction processing network (via the Cloud). TransferWise confirmed that it’s… Read More

Dhana Kaneshayogan from TransferWise, which is Planning LSE Float, Explains how Automation Makes Audits More Efficient

Dhana Kaneshayogan notes that in January 2020, he had joined the Governance, Infrastructure and Networks team (GIN) at UK-based Fintech firm TransferWise. Kaneshayogan confirmed that the team offered other platform teams the interfaces and tooling to develop compute resources by using “best practices and standardized… Read More

Fintech Unicorn TransferWise’s Erik Kaju Reveals how Company Began Developing its Global Debit Card

Erik Kaju, Director of Engineering, Cards and Spend at Fintech firm TransferWise, notes that after the introduction of the money transfer service’s debit Mastercard back in 2018, they’ve taken the card to more than 30 countries on four different continents. TransferWise claims that more than… Read More

Pockit Announces Partners with Transferwise on International Transfers, Securities Offering on Crowdcube Nears £1 Million

Pockit, a Fintech targeting underserved demographics, says it has partnered with TransferWise to more efficiently move money around the world. Transferwise services will now facilitate Pockit users on international transfers. Pockit seeks to cater to an estimated underserved 11 million customers in the UK that… Read More

Alon Rajic: Co-Founder at Israel’s Finofin Ltd Discusses Fintech Trends and Impact of Brexit on Global Money Transfer Business

The COVID-19 pandemic reshaped consumer mentality and habits, especially as it relates to people’s financial needs. But it remains unclear what new habits born out of necessity are here to stay and what will vanish as the pandemic grinds to an eventual halt. We recently… Read More

Cross-Border Money Transfer Service TransferWise to Hire 750 New Staff Members in the Next 6 Months

Fintech Unicorn TransferWise is reportedly planning to recruit 750 additional workers in the coming months. These new hires would be equivalent to over a third of the online money transfer service’s existing team of professionals. This latest announcement has come after quite a successful period… Read More

Fintech Unicorn TransferWise Acquires Restricted Banking License in Australia as it Expands Operations Globally

Fintech Unicorn TransferWise has reportedly managed to acquire a restricted banking license in Australia. The leading money transfer service provider has been approved to gain direct access to Australia’s real-time payment system. The permit has been issued by Australia’s Prudential Regulatory Authority. Under the license,… Read More

TransferWise Customers in Indonesia Can Now Send Remittance Payments to 80 Different Countries

Fintech firm TransferWise recently announced that Indonesians and ex-pat workers will now be able to send money from Indonesia to 80 different countries, which includes Australia, Singapore, Japan, US, UK, China (Alipay) — and across Europe as well. TransferWise users are now able to send… Read More

Finaxct, a Core as a Service Banking Solution Provider, to Add Unqork and TransferWise to its Marketplace

Finxact, an established “Core as a Service” banking solution provider, says it’s leading the transition in the US to a model of core banking that leverages the benefits of Cloud along with supporting the ability for banks to choose the best technology providers. According to… Read More

Nick Catino from TransferWise Suggests that the US Should Allow Payment Firms to Directly Access Payments Systems

Nick Catino, Head of Policy at TransferWise (Americas), recently commented on why he thinks the United States should allow payment firms to take part “directly in payment systems.” At present, access is limited to depository institutions, Catino explains. He notes that payment firms are unable… Read More

Expense Management Firm Emburse Launches Global Reimbursements Platform that’s Powered by TransferWise

Emburse, a company focused on providing expense management solutions and accounts payable automation, has introduced Emburse Global Reimbursements – which is powered by global money transfer service provider, TransferWise (which recently booked its 4th year of profitability while processing £67 billion in transfers in the… Read More

Over 30% of Cross-Border Payments Made via Fintech TransferWise are Now Instant, Transaction Fees have Also been Lowered: Report

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

Business Finances Management App Coconut Integrates with Tide, Transferwise, Tesco Bank, Virgin Money

Sam O’Connor, the CEO at Coconut, a company that provides a tool for self-employed individuals that helps them manage their business finances, has confirmed that their platform now connects with Tide, Transferwise, Tesco Bank and Virgin Money. O’Connor noted that they’ve added four more banking… Read More

Transferwise is Saving US Customers Lots of Money Compared to Other Fintechs (and Banks)

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

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