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WireFX + Stearns Bank Announce Partnership

Posted on: Sep 08, 2022

Digital solution will support the needs of personal and business banking customers.

Minneapolis, Minn. (September 8, 2022) – WireFX, a Minnesota-based fintech startup and Stearns Bank National Association, an independently-owned financial institution with locations in Minnesota, Florida and Arizona, announce their partnership to enable end-to-end cross-border payments for Stearns Bank retail and business customers.

WireFX’s Global Payments as a Service (GPaaS) platform is now integrated into StearnsConnect, Stearns Bank’s online banking portal, utilizing Q2’s technology and Fiserv Premier (Stearns Bank banking core) enabling clients, branches, and wire operations to initiate and book wires for Stearns Bank’s fintech-related activity.

“We are so pleased to be able to offer WireFX’s superior and faster end-to-end digital payments platform to our customers,” said Kelly Skalicky, President and CEO, Stearns Bank N.A. “By partnering with WireFX, together we are leading the way in delivering the ultimate customer experience by streamlining and simplifying wires and global payments, giving our customers a clear advantage for their business and quickly distinguishing Stearns Bank as the go-to digital-first business bank.”

Stearns Bank also will have access to the WireFX “Network of Networks” - a tailored group of the leading bank and fintech FX and payment liquidity providers - enabling Stearns Bank to deliver its customers the ultimate end-to-end digital FX and payments experience.

“WireFX exists to serve financial institutions like Stearns Bank in their efforts to modernize and provide the best customer experience for the end user,” said Jeff Althaus, WireFX President & CEO. “Global payments are complex and can be tedious, but through our partnership we will simplify the process and promote straight through processing to increase efficiencies.”

WireFX will also provide specialty compliance support relating to Office of Foreign Assets Control (OFAC), Sanction Screening, and Anti-Money Laundering (AML) for the fintech-related activity. They also ensure connectivity and file formatting across The Society for Worldwide Interbank Financial Telecommunication (SWIFT) and Fedwire networks.

“Throughout the integration process, WireFX demonstrated their expertise across the systems and payments space,” said Josh Hofer, Chief Risk & Information Security Officer, Stearns Bank N.A. “Their ability to integrate quickly to multiple technologies – deploying a solution in weeks, not months – and their ease in collaboration made it a pleasure to partner with them.”

To learn more about WireFX’s GPaaS solution visit To learn more about Stearns Bank and all their digital-first solutions visit



About WireFX

WireFX is the Global Payments as a Service (GPaaS) platform that empowers banks, credit unions, and fintechs with a way to transform their payment and FX processes. The fully integrated platform provides a seamless experience across all internal and customer facing digital channels, while unleashing new revenue opportunities and improving customer satisfaction. WireFX supports both financial institutions and fintechs across a range of sizes and is regarded as one of the most disruptive global payments companies currently on the market. For more information visit


About Stearns Bank

Minnesota-based Stearns Bank National Association is a $2.3 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the U.S. Recognized as having a bulletproof balance sheet with more than 20% capital and earning top rankings as one of the nation’s highest-performing banks by American Banker, and most recently ranked ninth in the U.S. among banks having more than $1 billion in assets by Independent Banker’s May 2022 Best of the Best ranking of banks with the highest 3-year average Return on Assets, Stearns Bank specializes in nationwide commercial construction lending, USDA and SBA lending, and small business and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank's mission is to Get the Job Done! For more information, visit


Media Contact

Rory Bidinger