Narmi’s approach to international wire capabilities give community financial institutions a direct way to serve business customers who need to move money across borders, positioning the FI as the central hub for every payment, domestic or global.
Businesses expect their financial institution to make international payments simple. The SWIFT network already processes over $10 trillion in cross-border transfers every day across 190 countries (JP Morgan), and the businesses driving that volume need a digital-first way to participate. Community FIs that can’t offer international wires digitally risk losing these relationships to larger banks that already do. Offering robust international payment services prevents client attrition and builds long-term stickiness once a business’s cross-border operations are established.
International wires are a meaningful source of non-interest income. Banks earn on the transaction fee and, when payments are sent in foreign currency, participate in the FX spread alongside their exchange rate provider. Beyond the direct revenue, facilitating international payments deepens account primacy: the FI becomes indispensable to how a business operates, not just where it keeps its deposits.
Narmi can support both USD-denominated and foreign currency (FX) international wires across web and mobile. When a business needs a vendor in Germany to receive exactly €500, they can send in euros rather than dollars, eliminating uncertainty about what exchange rate fluctuations will do to the final amount. Users choose whether to guarantee the amount sent or the amount received, enter SWIFT BIC details which Narmi ensures are valid, complete multi-factor authentication, and submit. The experience is familiar and fast, built on the same intuitive flows as Narmi’s domestic payments.
International wires carry more risk than domestic transactions, and Narmi’s approach is built around giving FIs full administrative control. Through Narmi Command, staff can set separate wire limits at the organization and user-role level, enable dual approval for high-value transactions, configure country-level restrictions, and customize disclosure language, all with a complete audit trail. Every international wire can feed into existing transaction monitoring, keeping compliance teams informed without adding manual overhead.
With international wire support, community financial institutions can offer the same global reach as the nation’s largest banks while maintaining the personalized service and trusted relationships that define who they are.
