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Cross-borderpayments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-borderpayments aims to improve the speed, access, transparency, and cost of internationalpayments by 2030.
Morgan Stanley is teaming up with Wise to bring faster and smoother cross-borderpayments to its corporate clients, making it the first investment bank to integrate Wises global payments platform.
Apifiny debuted Roxe earlier this year as a way to beat some of the long-held friction points in the traditional banking system, with its "fragmented" nature where assets couldn't be transferred between different markets, countries or various settlement systems, the release stated.
Asia-based financial settlements network EMQ , which works in cross-borderpayments, has announced the close of a $20 million Series B funding round led by WI Harper Group, according to a press release. The solution connects bank application programming interfaces (APIs) with payment service providers.
Wise, the global technology company building the best way to move and manage the worlds money, today announced that it has been selected by Morgan Stanley , a leading global financial services firm, to facilitate Morgan Stanleys foreign exchange internationalsettlement capabilities for its corporate customers.
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