StoneX Group Inc. (("StoneX", NASDAQ:SNEX) today announced a strategic partnership with The Pathfinder Group, Ltd., ("Pathfinder") to deliver institutional-grade cross-border payment capabilities for financial institutions.
This partnership allows Pathfinder's client base of financial institutions using Pathfinder's WITS™ (Wire Transfer System) to access StoneX's institutional-grade infrastructure and expansive global payments network, reducing friction in cross-border transactions and providing a level of access previously unavailable. Removing intermediary banks from the payment flow improves foreign exchange rates, accelerates processing, and heightens transparency for financial institutions and their customers.
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