Company
Date Published
Author
Cody Fisher
Word count
1167
Language
English
Hacker News points
None

Summary

Wise, a cross-border payments provider, was founded in 2011 with the mission of making international money transfer cheap, fair, and simple. The company disrupted the cross-border money flow markets with its unique cross-currency exchange model and became the go-to app for millions of people and businesses managing their money across the world. Wise turned to Core Exchange to provide customers with an API solution that doesn't require sharing credentials, allowing users to easily send funds via APIs. With Plaid's Privacy Controls suite, Wise users can now view and manage their banking connections in real-time using the Wise website or app, bringing transparency to finance. Ankita D'Mello, Senior Product Manager at Wise, discussed how they're using Plaid's Data Connectivity & Privacy Controls suite to deliver a seamless customer experience, including secure data connectivity, permissions management, and open finance capabilities. The partnership with Plaid has enabled Wise to collect money from customers via ACH by quickly establishing a connection to their bank account, making it the most popular and convenient pay in method. Ankita highlighted that implementing Core Exchange and Permissions Manager was a smooth experience, with strong demand for the feature from customers, resulting in less than 1% error rates. The integration has increased convenience for Wise's customers, enabling them to connect their accounts to over 6,000+ apps and services powered by Plaid, furthering Wise's mission of making money transfer convenient and transparent.