Slides from TransferWise presentation at the AWS Pop-up Loft London evening event Open Banking: Innovation for Customers.

1. Product to Platform
Transforming TransferWise

2. Tony Qin.
Business Tech Lead
tony.qin@transferwise.com

3. Chapter 1
Send money

4. Making money
borderless.
● We started out solving a real problem
for consumers around the world
● With TransferWise, we are providing
fast, reliable and low cost global
payments at the real exchange rate
● We’re bringing transparency to the
market, with prices and speeds
previously thought impossible

5. 1 million +
customers across 60 countries

6. £ 1 billion +
sent each month

8. “Money without borders: instant,
convenient & nearly free”

9. Chapter 2
Receive money

10. Send.

11. Receive.

13. A Borderless
account.
● 27+ local currencies
● Instant bank details
● Control conversion

15. “A couple of clicks & that was it.
Choosing Borderless for business
is a no brainer.”

16. Chapter 3
TransferWise platform

17. Delivering a great experience.

18. ● Fast, reliable payments
Our global platform and local model offers
consumers and businesses a more efficient, lower
cost option
● Delivery estimates and real-time
tracking
Smart features that decrease operational costs
while increasing satisfaction
● Pay to email
Avoid sensitive bank details and local formatting
requirements by letting your recipients enter
their own details — no signup required
Features that make
the difference.

19. Our API.
● Easy to integrate
A straightforward API, with clear
documentation and direct technical support
● Secure
A security-first approach with duplicate
protection built in
● File upload with zero dev effort
An option to get started with batch payments
— a simple CSV file upload and zero dev effort

20. Use case:
Payouts.
● Many large business need to do
hundreds or thousands of payments
● Let them provide the TransferWise
payout experience for their freelancers,
employees, customers, investors or
suppliers
● Lowers costs and streamline their
operations

21. Payout customer stories.
Cashback CrowdfundingRefunds Treasury

22. Use case:
Bank integration.
● Allows banks to integrate with our
platform
● Provide their users direct access to the
TransferWise experience
● Opens a simple international payment
product to challenger banks (not SWIFT!)

23. PSD2 + Open Banking
● Transparency is what we’re about. Stop hidden fees campaign.
● Lobbying government isn’t easy, EU regulations could take long time
to implement. Competing standards, so APIs need time to mature
● UK “standard” - Open Banking APIs for most high street banks.
Only on their core products: current account, interest and mortgages. Nothing on FX.
● Price comparison on our site https://transferwise.com/gb/compare/
even when we’re not the cheapest offering

24. Scaling TransferWise as a platform
● We need to keep our customer data safe and within the EU
● Businesses and banks can lead to regulatory, compliance and risk
challenges
● Reliability and security are seen as fundamental prerequisites
● Scale and performance are key, as we’re re-platforming from
monolith to microservices
● AWS gives us the power to scale - Kubernetes, Docker as options
Notification Service - built on SQS, SNS and DynamoDB
● Geolocation and global distribution for a company without borders

26. We’re hiring.
https://transferwise.com/jobs

27. Appendix

28. Creating
a transfer.
1. Get a quote
POST /v1/quotes
2. Create a recipient
POST /v1/accounts
3. Make transfer
POST /v1/transfers
4. Fund with balance
POST /v1/transfers/{id}/payments

29. Creating
a transfer.
1. Get a quote
POST /v1/quotes
2. Create a recipient
POST /v1/accounts
3. Make transfer
POST /v1/transfers
4. Fund with balance
POST /v1/transfers/{id}/payments

30. Creating
a transfer.
1. Get a quote
POST /v1/quotes
2. Create a recipient
POST /v1/accounts
3. Make transfer
POST /v1/transfers
4. Fund with balance
POST /v1/transfers/{id}/payments

31. Creating
a transfer.
1. Get a quote
POST /v1/quotes
2. Create a recipient
POST /v1/accounts
3. Make transfer
POST /v1/transfers
4. Fund with balance
POST /v1/transfers/{id}/payments