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Latest Results from /wholesale

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Spend management platform Yokoy acquired by TravelPerk

Business travel platform TravelPerk has raised $200 million and acquired Swiss AI-powered spend management outfit Yokoy.

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Active human oversight remains key as banks begin roll out GenAI

Financial services firms are putting an emphasis on active human oversight for model training, interpretation and sensitive decision-making as they begin the roll out of generative AI across their businesses, according to a report from UK Finance.

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Bank of Ireland to invest £100 million in technology for retail and SME services

Bank of Ireland is to invest £100 million over the next three years to improve everyday banking products and services and expand its sustainable lending, mortgage, and broker offerings.

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Wells Fargo and Derivative Path bring global payments to regional banks

Wells Fargo is working with capital markets technology provider Derivative Path to boost the global payments capabilities available to regional and community banks.

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Caixabank tech subsidiary to hire 500 developers

The technology subsidiary of Caixabank is to hire 500 developers in the first quarter, surpassing 1600 employees.

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Fintech startup Wyzr wins £400,000 from NatWest's Dragons Den

Wyzr, a fintech startup developing an AI CFO product for small businesses, has raised £400,000 from a Dragon's Den-style pitch event held by NatWest.

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Trump orders evaluation of national crypto stockpile; prohibits CBDC work

President Donald Trump has established a working group on digital assets that will investigate the development of a federal regulatory framework for crypto and evaluate the creation of a national digital asset stockpile.

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The Bank of London fails to file accounts

Following months of turmoil, The Bank of London has failed to file its accounts for 2023 on time.

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Sweden's Open Payments raises €3 million

Swedish B2B open banking platform, Open Payments, has raised €3 million in a funding round led by Alfvén & Didrikson, with participation from Industrifonden and other existing investors.

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European fintech investment increased 10% in 2024

European fintech investment increased 10% in 2024 in a sign of increasing confidence for one of the continent’s leading tech sectors.

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Ramp launches treasury product

Finance automation and corporate credit card startup Ramp has launched a treasury product that lets clients store cash in a business account and earn interest.

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SEC launches crypto task force, saying it can 'do better'

With Donald Trump in power, the new acting chairman of the Securities Exchange Commission has moved to reset the watchdog's approach to digital assets, launching a crypto task force dedicated to developing a regulatory framework for the sector.