StoneX Integrates with Pathfinder WITS™ for Faster Cross-Border Payments, Better FX Rates
StoneX partnered with The Pathfinder Group to integrate its institutional-grade payments infrastructure into the WITS™ platform, connecting financial institutions directly to the Federal Reserve, eliminating intermediary banks to speed cross-border transactions and improve FX rates. The partnership extends StoneX services to community banks and credit unions lacking institutional-grade payments.
1. Partnership Overview
StoneX Group signed a strategic agreement with The Pathfinder Group to integrate its institutional-grade payment infrastructure into Pathfinder’s WITS™ wire transfer system, granting financial institutions direct access to StoneX’s global network through a single platform.
2. Integration Benefits
The integration removes intermediary banks by connecting directly to the Federal Reserve and the global payments network, accelerating cross-border transaction speeds, enhancing transparency, and delivering more competitive foreign exchange rates.
3. Market Expansion
This partnership broadens StoneX’s reach into community banks and credit unions that previously lacked institutional-grade global payments and FX services, supporting client retention, generating new revenue streams, and reinforcing the company’s leadership in technology-driven payments solutions.