TranferWise risk score

Wise, originally launched as TransferWise in 2011, is a pioneering financial technology company based in the United Kingdom. It was established with the objective of making international money transfers cheaper, faster, and more transparent. Over the years, Wise has expanded its offerings to include a multi-currency account that allows users to hold, manage, and convert money in several currencies, alongside a debit card that can be used globally.

Wise is renowned for its straightforward pricing model, which is built on transparency and the avoidance of traditional banking fees. The company utilizes the real exchange rate for currency conversion and charges low, upfront fees, which has significantly improved the accessibility and affordability of financial services for its customers worldwide. This approach has appealed strongly to expatriates, frequent travelers, and businesses operating in multiple countries.

The company operates under strict regulatory oversight from different financial authorities, depending on the region. In the UK, Wise is regulated by the Financial Conduct Authority (FCA), ensuring adherence to stringent security and operational standards. Additionally, Wise holds licenses from various global regulators, supporting its commitment to compliance and consumer protection across all operating countries.

Security is a cornerstone of Wise's operations, with advanced measures to protect user data and funds. The company utilizes strong encryption, continuous monitoring, and secure servers to ensure customer information remains confidential and safe from unauthorized access.

Wise has consistently been recognized for its innovative solutions and has played a substantial role in transforming the financial services landscape, making it easier for individuals and businesses to manage and move their money across borders. With millions of users relying on its services, Wise remains committed to expanding its offerings and enhancing global financial connectivity.