Seamlessly Connecting Financial Giants: Partnering Through API Integration

Global financial ecosystems thrive on the seamless movement of money, and APIs play a pivotal role in enabling this interconnected world. At Wise Platform, we’ve redefined cross-border payments by creating a robust API infrastructure that connects financial giants, simplifies transactions, and delivers unparalleled value to users.

In this article, we’ll explore the transformative power of API integrations in the financial sector, detailing how Wise Platform facilitates partnerships with institutions worldwide to enable smooth, fast, and cost-effective financial services.

Introducing Wise and Wise Platform

Wise (formerly TransferWise) is a technology-driven company dedicated to making money transfers faster, cheaper, and more transparent. Wise’s mission is encapsulated in three principles: Maximum Ease, Minimum Fees, and Full Speed.

Wise Platform takes this mission to the next level by providing an API-powered infrastructure that allows global financial institutions to integrate with Wise’s payments network. Through Wise Platform, partners can:

• Access 60% instant transfers.
• Tap into 65 licenses and 5 direct banking rail connections.
• Facilitate transactions in 40 currencies across 160+ countries.
• Rely on a team of 5,500 experts focused on cross-border payments.

With over 90 global partners—including Monzo, Nubank, and N26—Wise Platform is reshaping how financial giants connect, collaborate, and innovate.

The Network Effect: Expanding Global Reach

Wise Platform’s API integrations leverage the power of network effects, amplifying efficiency and value for all participants.

Example: Monzo to Nubank

1. Customer’s Perspective: A Monzo user in the UK initiates a transfer to a friend’s Nubank account in Brazil.
2. Wise Platform’s Role: Wise handles the transaction in real time, using local instant rails like FPS (UK) and PIX (Brazil). The transfer settles within seconds.
3. The Result: A seamless, fast payment experience where neither party needs to know that Wise powered the transaction.

This interconnected system benefits from:

• Instant Rails: Leveraging direct connections like SEPA (EU) and Fast Payments (Singapore).
• Trusted Partnerships: Collaborating with institutions like EQ Bank in regions without instant rails to maintain speed and reduce costs.
• Global User Base: Tapping into Wise’s 16 million users and extending the network to partners’ customers.

Building Developer-Friendly APIs for Maximum Ease

A critical component of Wise Platform is its REST API, designed to offer reliability, scalability, security, and ease of use. Here’s how the API simplifies integration for partners:

1. Dynamic Forms for Error-Free Transfers

To address diverse and evolving requirements across 160+ countries, Wise Platform created Dynamic Forms. This system ensures:

• The correct data is collected for each transaction, every time.
• Forms dynamically adjust based on user input, requesting only relevant information.
• Partners enjoy minimal churn and seamless updates when new currencies or regulations are introduced.

This approach drives a 99.5% straight-through processing rate, ensuring speed and accuracy for customers and partners alike.

2. Flexible Settlement Schemes

Wise Platform’s settlement mechanisms include:

• Transfer-by-Transfer Settlement: Connecting individual transactions to local rails for instant processing.
• Net Settlement: Balancing transfers sent and received, settling daily to maintain efficiency.

These flexible schemes are entirely API-driven, providing real-time feedback through secure webhooks and ensuring compliance with local regulations.

3. Ironclad Security

APIs in the financial sector demand robust security measures. Wise Platform implements:

• MTLS (Mutual TLS) for encrypted connections.
• IP Allow Listing and Geofencing.
• JWT-based Signing and Encryption for application-level security.

By automating security processes via APIs, Wise ensures credentials remain secure, never appearing in code repositories or emails, thus minimizing risks.

The Partner Experience: Seamless Integration and Scaling

Wise Platform’s APIs are built to support rapid integration, enabling partners to scale quickly while reducing operational overhead. Features include:

• Scalable Solutions: Partners like Monzo and N26 integrate quickly, reaching millions of users with minimal development time.
• Documentation Excellence: Comprehensive API documentation ensures smooth onboarding and minimal friction for developers.
• Global Reach: Direct connections to banking rails and robust settlement options extend the platform’s reach to underserved regions.

The Bigger Picture: A Call to Action

Wise’s journey is a testament to the power of API-driven partnerships in transforming the financial sector. By solving complex problems like cross-border payments, Wise creates opportunities for innovation and growth. However, the mission is far from over.

How You Can Contribute

• Explore Wise’s job openings and become part of a team dedicated to building the future of payments.
• Collaborate with Wise Platform to enhance your institution’s capabilities and provide better services to your customers.
• Advocate for smarter, faster, and more inclusive financial systems powered by APIs.

Conclusion: The Future of Financial Connectivity

The financial world is rapidly evolving, and APIs are at the heart of this transformation. Wise Platform exemplifies how robust API integrations can enable seamless, secure, and scalable global financial operations. By connecting financial giants through its platform, Wise is not just making money move—it’s building a network that empowers institutions and individuals alike.

Whether you’re a financial institution seeking integration or a developer inspired by the potential of APIs, the message is clear: The future of financial connectivity is here, and it’s powered by APIs.