# Wise: AI strategy

Source: https://www.bankingnewsai.com/fintech/wise
Last updated: Sep 23, 2026

*AI behind the counter, under compliance pressure: machine learning runs compliance checks and fraud alerts and LLM copilots support financial-crime and support staff, while regulators in Belgium and the US question its AML controls.*

## How is Wise using AI?

Wise has no flagship AI assistant; its AI sits in compliance and operations. Its June 2026 Form 20-F says machine-learning algorithms complete 99% of compliance checks in under one second and that large language model copilots support its Financial Crime and Customer Support teams. That AI runs under anti-money-laundering pressure: a $4.2 million US multistate consent order in 2025, a Belgian prosecutor's investigation reported in June 2026, and an OCC denial of its trust-bank charter in July 2026.

## At a glance

| Field | Value |
| --- | --- |
| Category | Payments |
| Ticker | NASDAQ: WSE |
| Founded | 2011 |
| Headquarters | London, United Kingdom |
| Licence and supervision | Over 80 licences globally (March 2026): Wise Payments Limited is an FCA-authorised e-money institution; Wise Europe SA is a payment institution regulated by the National Bank of Belgium and serves the EEA by passporting; Wise US Inc. is a FinCEN-registered money services business with money transmitter licences in 48 US states and four territories. The OCC denied its application for a US national trust bank in July 2026. |
| Scale | 18.9 million active customers and $243.5 billion of cross-border volume in FY26 (year to March 31, 2026) |

## Flagship platform: Machine-learning compliance checks and LLM copilots

Wise has not launched a flagship AI assistant. Its FY26 Form 20-F says machine-learning algorithms complete 99% of compliance checks in less than one second, that its ML models are trained on patterns across millions of customer profiles to generate real-time risk alerts, that it processes large volumes of documents with AI-driven technology and uses AI/ML for currency flow prediction, and that it has launched large language model copilots for its Financial Crime and Customer Support teams. Customer-facing, an 'Upload screenshot' feature launched in October 2025 uses generative AI to prefill recipient details. ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm), [Wise](https://wise.com/gb/blog/upload-screenshot-invoice))

## Key points

- Wise's FY26 Form 20-F says it has invested in AI/ML over the last decade, including for fighting financial crime, currency flow prediction and risk management, processes large volumes of documents with AI-driven technology, and has launched large language model copilots for its Financial Crime and Customer Support teams.
- Machine-learning algorithms complete 99% of Wise's compliance checks in less than one second, and its ML models, trained on patterns across millions of customer profiles, generate real-time alerts for its global teams; over 1,000 engineers support a platform processing over 4.7 million transactions a day.
- Headcount grew to 8,805 at March 31, 2026 from 6,520 a year earlier, with servicing staff (customer support and operations) rising to 5,580 from 4,136; Wise told investors in June 2026 that around one third of its global team works on protecting customers from financial crime.
- In October 2025 Wise launched 'Upload screenshot' / 'Upload invoice', which uses generative AI to prefill recipient details from a PDF or image; Wise says new customers save an average of 36 seconds per new recipient, and customers must review the prefilled data before sending.
- Wise moved its primary listing to Nasdaq (ticker WSE) on May 11, 2026, keeping a secondary listing in London; Wise Group plc is the new parent company.
- On July 21, 2026 the OCC denied Wise's application for a US national trust bank, citing the July 2025 multistate consent order over Wise US's AML/CFT program, which found transaction monitoring data integrity concerns and late suspicious activity reports; Wise said it plans to reapply.
- The 20-F flags that Wise's use of AI and ML in financial crime detection, transaction monitoring and currency flow prediction exposes it to model risk and may attract scrutiny under the EU AI Act.

## Timeline

- Jul 21, 2026 — **OCC denies Wise's national trust bank charter** The OCC denied the application for Wise National Trust, citing the 2025 multistate consent order's AML/CFT findings; Wise said a Federal Reserve policy change on master accounts had made its original application non-viable and that it plans to file a new application. ([Office of the Comptroller of the Currency](https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1381.pdf), [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000095014226002155/eh260811101_ex9901.htm))
- Jul 16, 2026 — **Q1 FY27 results** Cross-border volume grew 26% to $69.3 billion, active customers rose 21% to 11.9 million for the quarter, and 77% of transfers were instant. ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526306087/d40450dex991.htm))
- Jun 25, 2026 — **FY26 results and first Form 20-F detail AI use** Wise reported net revenue of $2,502.8 million (up 19%) and 18.9 million active customers; its 20-F disclosed LLM copilots for Financial Crime and Customer Support teams and ML-driven compliance checks, and listed AI model risk among its risk factors. ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282767/d117224dex991.htm), [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm))
- Jun 1, 2026 — **Belgian prosecutors' AML investigation becomes public** Brussels prosecutors said an investigation into Wise's European operations was at an advanced stage, citing indications of non-compliance with AML legislation; shares fell 17.5%. Wise said no specific findings had been shared and that it monitors hundreds of data points in real time. ([BBC News](https://www.bbc.co.uk/news/articles/cy42x8ye02vo), [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000095014226001564/eh260787355_6k.htm))
- May 11, 2026 — **Wise lists on Nasdaq** Wise began trading on Nasdaq under WSE with a secondary listing on the London Stock Exchange, reporting FY26 cross-border volume of $243 billion, up 31%. ([Wise via GlobeNewswire](https://www.globenewswire.com/news-release/2026/05/11/3291671/0/en/wise-debuts-us-listing-on-nasdaq.html))
- Oct 30, 2025 — **Wise launches AI 'Upload screenshot' for payments** A generative-AI feature reads an uploaded invoice, bill or screenshot and prefills recipient details and transfer amount; available globally to personal and business customers, who must review the data before sending. ([Wise](https://wise.com/gb/blog/upload-screenshot-invoice))
- Jul 9, 2025 — **US states issue a multistate consent order on AML** Wise US became subject to a multistate consent order over deficiencies in its BSA/AML/CFT program, including suspicious-activity investigation and reporting and transaction monitoring data integrity, and agreed to pay a $4.2 million penalty. ([Office of the Comptroller of the Currency](https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1381.pdf))
- Jun 5, 2025 — **Wise plans to move its primary listing to the US** Wise said in its full-year results that it would move to a dual listing with its main listing in the US and a secondary listing in London. ([CNBC](https://www.cnbc.com/2025/06/05/wise-to-move-primary-listing-to-us-in-blow-to-london-stock-exchange.html))
- Oct 28, 2024 — **FCA fines CEO Kristo Käärmann £350,000** The FCA fined Käärmann for breaching a senior manager conduct rule by failing to notify it of significant tax issues for over seven months; the fine would have been £500,000 without a 30% settlement discount. ([Financial Conduct Authority](https://www.fca.org.uk/news/press-releases/fca-fines-kristo-kaarmann-failing-notify-significant-tax-issues))

## Where AI runs

| Use case | What | Status | Detail | Sources |
| --- | --- | --- | --- | --- |
| [AML / KYC](https://www.bankingnewsai.com/ai-regulation/by-use-case#aml-kyc) | Machine-learning compliance checks | In production | 99% of compliance checks are completed in less than one second using machine-learning algorithms; ML models trained on patterns across millions of customer profiles generate real-time alerts for global teams. | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| [Generative & agentic AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#generative-agentic-ai) | LLM copilots for Financial Crime and Customer Support | In production | Wise has launched large language model copilots across teams, including Financial Crime and Customer Support, to help agents improve investigative precision and efficiency. | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud) | Real-time risk monitoring | In production | Wise says it verifies customers before account opening and monitors hundreds of data points in real time as customers use its products, with ML used in financial crime detection and transaction monitoring. | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000095014226001564/eh260787355_6k.htm), [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| [Customer-facing chatbots](https://www.bankingnewsai.com/ai-regulation/by-use-case#customer-chatbots) | Upload screenshot / Upload invoice | In production | Generative AI reads an uploaded PDF or image and prefills recipient details and amount; new customers save an average of 36 seconds per new recipient, according to Wise. | [Wise](https://wise.com/gb/blog/upload-screenshot-invoice) |
| [Model risk management](https://www.bankingnewsai.com/ai-regulation/by-use-case#model-risk) | ML currency flow prediction | In production | Wise uses AI/ML for currency flow prediction and risk management, and its 20-F says errors or biased data in these models could produce inaccurate outputs, regulatory action or financial loss. | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| [Third-party & vendor AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#third-party-vendors) | Third-party generative AI systems | In production | The 20-F says Wise uses third-party generative AI systems and flags risks from training-data copyright and from staff or vendors entering confidential information into third-party AI tools. | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |

## Disclosed numbers

| Measure | Value | As of | Sources |
| --- | --- | --- | --- |
| Compliance checks completed in under one second by ML | 99% | Mar 31, 2026 | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| Engineers and daily transactions | over 1,000 engineers; over 4.7 million transactions a day | Mar 31, 2026 | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| Employees | 8,805 (servicing 5,580), up from 6,520 (servicing 4,136) a year earlier | Mar 31, 2026 | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm) |
| Time saved by Upload screenshot | 36 seconds on average per new recipient for new customers | Oct 30, 2025 | [Wise](https://wise.com/gb/blog/upload-screenshot-invoice) |
| FY26 results | 18.9 million active customers; cross-border volume $243.5 billion (+31%); net revenue $2,502.8 million (+19%) | Mar 31, 2026 | [Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282767/d117224dex991.htm) |
| US multistate AML penalty | $4.2 million | Jul 9, 2025 | [Office of the Comptroller of the Currency](https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1381.pdf) |

## Quotes

> "We believe our US listing will help us accelerate our mission, helping to bring more of Wise to everyone in the US, as customers and as owners." — Kristo Käärmann, Co-Founder and CEO, May 11, 2026 ([Wise via GlobeNewswire](https://www.globenewswire.com/news-release/2026/05/11/3291671/0/en/wise-debuts-us-listing-on-nasdaq.html))

> "These investments helped us drive even better customer outcomes and support 19 million people and businesses move $243 billion across the world last year." — Kristo Käärmann, Co-Founder and CEO, Jun 25, 2026 ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282767/d117224dex991.htm))

> "It should have been obvious to Mr Käärmann that he needed to tell us about these issues which were highly relevant to our assessment of his fitness and propriety." — Therese Chambers, Joint Executive Director of Enforcement and Oversight, FCA, Oct 28, 2024 ([Financial Conduct Authority](https://www.fca.org.uk/news/press-releases/fca-fines-kristo-kaarmann-failing-notify-significant-tax-issues))

## Who runs AI

- **Kristo Käärmann** — Co-Founder and Chief Executive Officer ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm))
- **Harsh Sinha** — Chief Technology Officer (since May 2015) ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm))
- **Nilan Peiris** — Chief Product Officer ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm))
- **Emmanuel Thomassin** — Chief Financial Officer ([Wise Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm))

## Regulators it answers to

- [UK (BoE / PRA / FCA)](https://www.bankingnewsai.com/ai-regulation/uk) — The FCA authorises Wise Payments Limited as an e-money institution and Wise Assets UK; it fined CEO Kristo Käärmann £350,000 in 2024 under the senior managers regime. See [FCA AI Update (Apr 2024)](https://www.bankingnewsai.com/ai-regulation/documents/fca-ai-update-2024).
- National Bank of Belgium — Regulates Wise Europe SA as a payment institution serving the EEA; Belgian prosecutors' AML investigation of Wise's European operations became public in June 2026.
- US state money transmitter regulators — Wise US holds money transmitter licences in 48 states and four territories; six state regulators issued a July 2025 multistate consent order and $4.2 million penalty over its AML/CFT program, including transaction monitoring data integrity.
- [FinCEN](https://www.bankingnewsai.com/ai-regulation/fincen) — Wise US is registered with FinCEN as a money services business, bringing its ML-based monitoring and suspicious-activity reporting under the Bank Secrecy Act. See [FIN-2024-Alert004 (Deepfake Media)](https://www.bankingnewsai.com/ai-regulation/documents/fincen-alert-2024-deepfake-media).
- [OCC](https://www.bankingnewsai.com/ai-regulation/occ) — Denied Wise's application for a national trust bank (Wise National Trust) on July 21, 2026, citing AML/CFT deficiencies; Wise says it will file a new application.
- [EU AI Act](https://www.bankingnewsai.com/ai-regulation/eu-ai-act) — Wise's 20-F says its AI use cases, including LLM copilots in financial crime and ML in transaction monitoring, may attract scrutiny under the EU AI Act, and cites GDPR Article 22 on automated decision-making. See [Regulation (EU) 2024/1689](https://www.bankingnewsai.com/ai-regulation/documents/eu-ai-act-regulation-2024-1689), [GDPR Article 22](https://www.bankingnewsai.com/ai-regulation/documents/eu-gdpr-article-22-automated-decision-making).

## What the record suggests

### Wise's AI disclosure is operational, not promotional

Unlike peers that headline assistants or agent products, Wise's most detailed AI statements come from risk-factor and business sections of its 20-F: ML compliance checks, LLM copilots for staff, document processing and currency flow prediction.

### The AI sits in the function regulators are questioning

Wise says ML completes 99% of compliance checks and helps transaction monitoring, while the 2025 US consent order cited transaction monitoring data integrity and the 2026 Belgian investigation cited failures to identify customers.

### Headcount is still growing in servicing

Servicing staff rose from 4,136 to 5,580 in FY26 alongside the AI tools, and Wise says around a third of its team works on financial crime, so the record shows AI supporting rather than replacing its compliance workforce.

### The US charter setback changes the regulatory path

The OCC denial keeps Wise operating in the US under state money transmitter licences and correspondent banks for now; Wise says it will reapply under a different framework.

## FAQ

### Does Wise use AI?

Yes, mainly behind the scenes. Wise's FY26 Form 20-F says machine-learning algorithms complete 99% of its compliance checks in less than one second, that it has launched large language model copilots for its Financial Crime and Customer Support teams, and that it uses AI-driven technology to process documents and AI/ML for currency flow prediction. Its customer-facing 'Upload screenshot' feature, launched in October 2025, uses generative AI to prefill recipient details.

### Does Wise have an AI chatbot?

Wise has not announced a flagship AI assistant. Its 20-F describes large language model copilots that help its own Customer Support and Financial Crime agents, and its customer-facing AI feature is 'Upload screenshot', which reads an invoice or screenshot and prefills payment details, saving new customers an average of 36 seconds per recipient.

### Is Wise a bank?

No. Wise holds over 80 licences globally but not a bank charter: Wise Payments Limited is an FCA-authorised e-money institution, Wise Europe SA is a Belgian payment institution regulated by the National Bank of Belgium, and Wise US is a money transmitter licensed in 48 states and four territories. The OCC denied its application for a US national trust bank on July 21, 2026.

### Why did the OCC deny Wise's bank charter?

The OCC's July 21, 2026 decision cited a July 2025 multistate consent order over Wise US's AML/CFT program, which found deficiencies in investigating and reporting suspicious activity, transaction monitoring data integrity concerns and late suspicious activity reports, with a $4.2 million penalty. Wise said a Federal Reserve policy change on master accounts had also made its original application non-viable, and that it plans to reapply.

### Is Wise under investigation for money laundering?

Belgian prosecutors said in June 2026 that an investigation into Wise's European operations was at an advanced stage, citing indications of non-compliance with anti-money-laundering legislation; Wise's shares fell 17.5%. Wise said no specific findings had been shared with it and that around one third of its global team works on protecting customers from financial crime.

### Where is Wise listed?

Wise moved its primary listing to Nasdaq, where it trades as WSE, on May 11, 2026, and keeps a secondary listing on the London Stock Exchange. Wise Group plc became the new parent company. In FY26 Wise had 18.9 million active customers and $243.5 billion of cross-border volume.

## Sources (11)

1. Wise Group plc Annual Report on Form 20-F for the fiscal year ended March 31, 2026 — Wise Group plc via SEC EDGAR, Jun 25, 2026. https://www.sec.gov/Archives/edgar/data/2099039/000119312526282911/d17323d20f.htm
2. Wise Group plc reports Full Year 2026 Financial Results (Exhibit 99.1 to Form 6-K) — Wise Group plc via SEC EDGAR, Jun 25, 2026. https://www.sec.gov/Archives/edgar/data/2099039/000119312526282767/d117224dex991.htm
3. Wise Group plc reports Q1 FY27 Results (Exhibit 99.1 to Form 6-K) — Wise Group plc via SEC EDGAR, Jul 16, 2026. https://www.sec.gov/Archives/edgar/data/2099039/000119312526306087/d40450dex991.htm
4. Wise's response to recent press articles (Form 6-K) — Wise Group plc via SEC EDGAR, Jun 1, 2026. https://www.sec.gov/Archives/edgar/data/2099039/000095014226001564/eh260787355_6k.htm
5. Our U.S. national trust bank charter application (Exhibit 99.1 to Form 6-K) — Wise Group plc via SEC EDGAR, Jul 23, 2026. https://www.sec.gov/Archives/edgar/data/2099039/000095014226002155/eh260811101_ex9901.htm
6. Corporate Decision #1381: Application to Charter a Subsidiary National Trust Bank, Wise National Trust (denied) — Office of the Comptroller of the Currency, Jul 21, 2026. https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1381.pdf
7. Spend Less Time Typing: The Faster Way to Pay Invoices with Wise — Wise, Oct 30, 2025. https://wise.com/gb/blog/upload-screenshot-invoice
8. Wise debuts US listing on Nasdaq — Wise via GlobeNewswire, May 11, 2026. https://www.globenewswire.com/news-release/2026/05/11/3291671/0/en/wise-debuts-us-listing-on-nasdaq.html
9. British fintech Wise to move primary listing to the U.S. in blow to London stock exchange — CNBC, Jun 5, 2025. https://www.cnbc.com/2025/06/05/wise-to-move-primary-listing-to-us-in-blow-to-london-stock-exchange.html
10. Wise under investigation over money laundering control concerns — BBC News, Jun 1, 2026. https://www.bbc.co.uk/news/articles/cy42x8ye02vo
11. FCA fines Kristo Käärmann £350,000 for failing to notify the FCA of significant tax issues — Financial Conduct Authority, Oct 28, 2024. https://www.fca.org.uk/news/press-releases/fca-fines-kristo-kaarmann-failing-notify-significant-tax-issues

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