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Latest Results from /wholesale

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OCC approves new bank targeting 'innovation economy'

A new bank backed by tech billionaires that plans to fill the gap left by Silicon Valley Bank's collapse and serve firms in the "innovation economy" has received conditional approval from regulators.

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BoE to prioritise AI, DLT and quantum computing in tech strategy

The Bank of England (BoE) intends to prioritise AI, DLT, and quantum computing as the three "cross-cutting technologies" with the most potential for "transformative outcomes".

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FCA sets out plan to back tokenisation of investment funds

The UK's Financial Conduct Authority (FCA) has set out plans to support tokenisation in asset management, arguing that the technology can drive innovation and growth in the sector.

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SS&C completes $1bn acquisition of Calastone

Investor services technology provider SS&C Technologies has finalised its purchase of funds processing network Calastone, concluding one of the largest deals between investment management technology firms in recent years.

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UK venture funding reaches multi-year high

Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.

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Shawbrook preps £2bn IPO

UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.

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Microsoft and LSEG renew AI data partnership

The London Stock Exchange Group (LSEG) and Microsoft have announced the next stage of a multi-year partnership that will see the latter's AI technology applied to the exchange group's financial data.

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FCA launches open finance accelerator

The UK's financial watchdog, the Financial Conduct Authority (FCA) has announced details of its strategy and roadmap for promoting open finance.

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Major banks explore blockchain-based digital money

Some of the world's biggest banks, including Barclays and Goldman Sachs, are exploring the issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains.

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JPMorgan tells staff to register biometric data to access new HQ

JPMorgan Chase staffers will have to scan their fingerprints or eyes, rather than their ID badges, to access the bank's new New York headquarters.

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Citi invests in stablecoin outfit BVNK

Citi is the latest big-name traditional financial services player to invest in stablecoin infrastructure platform BVNK.

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Google signs FS firms to new Gemini Enterprise agentic platform

Commerzbank, Macquarie Bank and insurance player Signal Iduna are among the first firms to use Google Cloud's new Gemini Enterprise agentic platform.