StoneX and Fiserv Partner to Enhance Cross-Border Payment Capabilities for Financial Institutions

Group 1 - StoneX Group Inc. has partnered with Fiserv, Inc. to enhance its cross-border payments offering for financial institutions, particularly community banks and credit unions [1][3] - The partnership aims to leverage Fiserv's Payments Exchange Services, providing a flexible platform for real-time payments and foreign exchange capabilities [2][4] - This collaboration is part of StoneX's strategic vision to expand its reach and improve cross-border money movement, offering capabilities traditionally available only to larger financial institutions [3][4] Group 2 - The partnership addresses the need for competitive international payment solutions among community banks and credit unions, enabling them to better serve their diverse client base [4] - StoneX's infrastructure is designed to streamline processes and reduce costs associated with legacy systems, enhancing the overall client experience [3] - Fiserv recognizes the importance of foreign exchange and international payments in the product offerings of community banks and credit unions, aiming to elevate their competitive stance [4][5] Group 3 - StoneX Group Inc. operates a global financial services network, serving over 54,000 commercial and institutional clients, and more than 400,000 retail accounts [6] - The company is a Fortune 100 entity, headquartered in New York City, and listed on the Nasdaq Global Select Market [6] - Fiserv, a Fortune 500 company, is a leader in payments and financial technology, committed to innovation and excellence in various financial services [5]