Thought Machine and Wise join forces to take international transfers global

Wise (formerly known as TransferWise) has today teamed up with fellow fintech Thought Machine to bring its international transfer services to businesses around the world.

The international payments firm has integrated with Thought Machine’s core banking product, Vault, allowing Wise to expand its low-cost international payments service more quickly and effectively.

As of today, the two companies have combined their flagship products and built an integration later that reduces the effort required to plug into Wise’s API by up to 60 per cent.

“We have built a world-class financial technology partner ecosystem which our clients can tap into as they build a future-proof bank,” Paul Taylor, CEO of Thought Machine, said.

“The firms we choose to partner with are those that have built meaningful, ultra-reliable products that ultimately improve the banking experience for customers. We look forward to working with Wise to bring its industry-leading payments solution to many more financial institutions, and customers, around the world.”

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Source: Thought Machine and Wise join forces to take international transfers global – AltFi