Wise Platform has partnered with IndusInd Bank, marking it’s first partnership with an Indian bank.
Wise said that the partnership will enable Indian customers living in the US and Singapore to send remittances to family and friends directly through the bank’s platform.
Wise Platform, which provides foreign exchange services for banks and large businesses, says the process will be “seamless” and “lightening fast”. with no hidden fees or rate markups applied to the money transfers.
“Having launched transfers from India in 2021, today we are thrilled to double down on our commitment here and bring Wise Platform to India with IndusInd Bank onboard as our first partner,” said Rashmi Satpute, country manager, Wise India. “IndusInd Bank and Wise share a common vision of modernising the global financial system, and we’re delighted to team up to enable inexpensive, fast and transparent transfers to India for millions of NRIs abroad.”
Earlier this month, shares in Wise slipped by around three per cent after chief financial officer Matthew Briers announced his departure from the company in 2024 to recuperate from a biking accident.
The move left the FinTech without two key execs in the year ahead following news that chief executive Kristo Käärmann will go on paternity leave from September.
Latest News
-
Financial services ‘could to more’ to stop economic abuse, says UK Finance
-
6,000 bank branches closed since 2015, finds Which?
-
FCA charges nine in crackdown on 'finfluencers'
-
Standard Chartered and Mastercard complete tokenised carbon asset trial
-
Tandem announces new CTO
-
Bank of Ireland to wind down £2 Billion UK corporate lending business
.png)
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories