Fiserv and Wells Fargo & Co. are providing advanced foreign currency exchange capabilities through WireXchange from Fiserv. The interface with Wells Fargo allows financial institutions to initiate foreign exchange (FX) transactions using the flexible automated solution for completing end-to-end wire transfers. The implementation of the fully integrated application will remove manual processes and allow users to experience the benefits, such as one-time data entry, streamlined end-to-end wire transfer processing and automated Ofac compliance. Clients will experience cost savings and operational efficiencies, find new revenue sources and gain competitive advantages.
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