A closer look at Wise Connect London 2024

It’s a wrap on Wise Connect London 2024! This highly anticipated annual event covered a range of topics, from thought provoking discussions on using domestic rails for global payments to leveraging artificial intelligence with the goal of reaching increased straight-through processing. Here are a few of the highlights from this year’s event.

Our second annual Wise Connect London 2024 united over 150 international payments experts from across the globe for an afternoon of insightful discussions, innovation and valuable networking. Held on the 42nd floor of the iconic Leadenhall Building, the event offered breath-taking views of London’s skyline as attendees gained crucial insights on the five core capabilities banks must cultivate to capitalise on the $12 trillion low-value cross-border payments opportunity.

As the life-blood of larger corporate international payments, banks seem to be increasingly missing out on the commercial opportunity in the lower-value cross-border payments segment. This segment, made up of retail and small-to-medium businesses (SMBs) operating on tight margins, is shifting its cross-border payment activities to alternative providers that offer lower-cost, faster and more convenient services. Wise Connect sought to unpack how banks, as the original proprietors of international payments, could regain a foothold in this expanding market.

Through a series of lively, quickfire sessions, attendees were also inspired to explore how the ‘Big 5’ capabilities would enable them to deliver a world-class payment experience for all: a robust network, sophisticated treasury management, scalable compliance, operational automation and an exceptional customer experience.

Wise Connect London 2024 in numbers

• Over 50 banks and enterprises attended
• 13 countries were represented, including Singapore, Germany and Italy
• 6 speakers from leading banks and businesses, including Raiffeisen Bank, Lloyds Banking Group, NatWest, International, Bank of America, Bank for International Settlements and McKinsey
• 4 hours of lively, quickfire panels and presentations
• 10 insightful discussions spanning the commercial opportunity in low value cross-border payments, leveraging domestic rails for international payments, customer experience, removing operational friction with artificial intelligence, automating compliance and the future of cross-border payments.
• 3 hours of networking and benchmarking