The bank will integrate Wise’s infrastructure through API.
It will allow SC Remit customers in Asia and the Middle East to send money in 21 currencies.
Kristo Käärmann, Wise CEO, during Web Summit 2015 in Dublin. Source: Flickr
Wise (previously Transferwise), established to challenge big banks charging unnecessary fees for cross-border payments, has partnered with Standard Chartered to provide retail remittance services to the UK-headquartered bank’s customer base.
Standard Chartered Taps Wise
Announced today (Tuesday), Standard Chartered will integrate Wise’s infrastructure through the Wise Platform API over the coming quarters. The partnership will facilitate services to SC Remit customers, specifically those in Asia and the Middle East.
Bank customers will be able to send money in 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY, “in a matter of seconds.” According to its latest update, Wise facilitated 63 percent of its cross-border payments instantly in under 20 seconds.
Standard Chartered's Samir Subberwal; Photo: LinkedIn
“We chose to partner with Wise Platform due to their extensive currency coverage and the well-known cross-border payments experience they offer,” said Samir Subberwal, Global Head of Wealth Solutions, Deposits and Mortgages, and Chief Client Officer at Standard Chartered.
Disrupting Cross-Border Payments
Listed in London, Wise has established itself as one of the top retail remittance platforms globally. At the end of Q2 FY25, the number of active customers on the platform reached 8.9 million, primarily driven by recommendations from existing users. This growth in users also increased transaction volume by 20 percent, reaching £35.2 billion for the quarter.
Steve Naudé, Wise Platform’s Managing Director; Photo: Wise
Wise also managed to reduce fees. Its cross-border take rate decreased to 59 basis points, down 8 basis points from the same period last year. Wise attributed 6 basis points of this reduction to lower prices and 2 basis points to changes in its business mix.
“The partnership with Standard Chartered, one of the largest global banks, marks a significant milestone in financial institutions investing to improve international payment experiences for customers,” said Wise Platform’s Managing Director, Steve Naudé.
“With Wise Platform, Standard Chartered gains access to Wise’s global payments infrastructure, including our extensive licence network, six direct connections, payment operations expertise, and proven capabilities in treasury management. All these enable us to deliver fast, secure, and transparent payments around the world,” he concluded.
Wise (previously Transferwise), established to challenge big banks charging unnecessary fees for cross-border payments, has partnered with Standard Chartered to provide retail remittance services to the UK-headquartered bank’s customer base.
Standard Chartered Taps Wise
Announced today (Tuesday), Standard Chartered will integrate Wise’s infrastructure through the Wise Platform API over the coming quarters. The partnership will facilitate services to SC Remit customers, specifically those in Asia and the Middle East.
Bank customers will be able to send money in 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY, “in a matter of seconds.” According to its latest update, Wise facilitated 63 percent of its cross-border payments instantly in under 20 seconds.
Standard Chartered's Samir Subberwal; Photo: LinkedIn
“We chose to partner with Wise Platform due to their extensive currency coverage and the well-known cross-border payments experience they offer,” said Samir Subberwal, Global Head of Wealth Solutions, Deposits and Mortgages, and Chief Client Officer at Standard Chartered.
Disrupting Cross-Border Payments
Listed in London, Wise has established itself as one of the top retail remittance platforms globally. At the end of Q2 FY25, the number of active customers on the platform reached 8.9 million, primarily driven by recommendations from existing users. This growth in users also increased transaction volume by 20 percent, reaching £35.2 billion for the quarter.
Steve Naudé, Wise Platform’s Managing Director; Photo: Wise
Wise also managed to reduce fees. Its cross-border take rate decreased to 59 basis points, down 8 basis points from the same period last year. Wise attributed 6 basis points of this reduction to lower prices and 2 basis points to changes in its business mix.
“The partnership with Standard Chartered, one of the largest global banks, marks a significant milestone in financial institutions investing to improve international payment experiences for customers,” said Wise Platform’s Managing Director, Steve Naudé.
“With Wise Platform, Standard Chartered gains access to Wise’s global payments infrastructure, including our extensive licence network, six direct connections, payment operations expertise, and proven capabilities in treasury management. All these enable us to deliver fast, secure, and transparent payments around the world,” he concluded.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
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Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
