Small and Challenger Banks ‘Increasingly’ Integrate With TransferWise

When first launched, CEO Kristo Käärmann did not expect a favorable response from incumbents, which still charge consumers considerably higher fees for cross-border transfers, compared to TransferWise’s 0.5% rate (in the U.K., on average). But the opposite trend began happening. “We learned overtime that have an incredibly high cost-base to do the same [&;]
Bank Innovation