Wise is facing an investigation in Europe related to possible criminal usage of its services. The money transfer company confirmed the investigation in a statement issued Monday (June 1), following a report from the The Bureau of Investigative Journalism that the Public Prosecutor’s office in Belgium...
Wise debuted its U.S. listing on Nasdaq Monday (May 11), while maintaining a secondary listing on the London Stock Exchange (LSE). The company’s shares were set to begin trading at 9:30 a.m. Eastern time, Wise said in a Monday press release. Wise enables the movement...
U.K. FinTech Wise is reporting a surge in cross-border transactions ahead of its Nasdaq listing. In a trading update Monday (April 13), the company says those transactions jumped 26% during its fourth quarter to 49.4 billion pounds ($66.2 billion) and 11.3 million active customers. “We are making good progress...
Money transfer FinTech Wise is making a new push into the banking space. The company on Monday (March 30) announced the launch of its UK Current Account, framing it as a challenge to Great Britain’s retail banking sector. “Banks haven’t kept pace with what customers expect for their current...
December 03, 2024
It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements. With the news that Wise, the money transfer giant, has implemented a European regulator’s recommendations to bolster its AML programs, AML is emerging not merely as a regulatory obligation but […]
April 19, 2022
Consumers are increasingly dependent on digital channels for financial accounts but often still want to use nondigital channels when dealing with complex or unfamiliar areas. While 71% of surveyed consumers...
July 07, 2021
In an age of stock market debuts across various verticals and listing types, Wise (formerly TransferWise) stands out across the Pond. The $11 billion money movement firm has debuted on...
July 24, 2026
Cross-border payments platform Wise said Friday (July 24) that it will submit a new application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) denied the original application it submitted over a year ago. The OCC said in a corporate decision dated Tuesday (July 21) that it […]
June 01, 2026
Wise is facing an investigation in Europe related to possible criminal usage of its services. The money transfer company confirmed the investigation in a statement issued Monday (June 1), following a...
May 11, 2026
Wise debuted its U.S. listing on Nasdaq Monday (May 11), while maintaining a secondary listing on the London Stock Exchange (LSE). The company’s shares were set to begin trading at...
April 13, 2026
U.K. FinTech Wise is reporting a surge in cross-border transactions ahead of its Nasdaq listing. In a trading update Monday (April 13), the company says those transactions jumped 26% during its fourth quarter to...