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Latest Results from /wholesale

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AI agents ace cash management tasks - BIS research

Generative AI agents can replicate key cash-management tasks - even without specialised training, according to a Bank for International Settlements working paper.

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Bank of London CEO departs

The Bank of London has replaced chief executive Christopher Horne less than a year after he was appointed.

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RTGS.global adds 23 currencies to cross-border payments network

Cross-border payments network RTGS.global has added 23 currencies to its platform, enabling instantaneous settlement between participating financial institutions vis a single API connection.

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AI workflow startup Model ML raises $75 million

Model ML, an AI-based workflow automation startup for deal teams at financial services companies, has raised $75 million in Series A financing just one year after launch.

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European Central Bank embarks on work to interlink Target with UPI and Nexus Global Payments

The European Central Bank is commencing work to interlink the Eurosystem’s Target Instant Payment Settlement (Tips) with India's Unified Payment Interface and other real-time payment rails across Asia.

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Thirteen top tech suppliers to banks singled out for regulatory oversight

The European Banking Authority has authorised in-depth examinations at thirteen technology suppliers deemed as providing critical services to the financial services community.

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Ramp hits $32bn valuation on latest raise

Expense management startup Ramp has seen its valuation double to $32 billion in just six months off the back of a $300 million primary financing round and an employee tender offer.

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Ex-Revoluters raise $10 million for compliance startup

Condukt, an AI-based compliance startup founded by former employees of Revolut, has raised $10 million to support expansion into regulated financial services.

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JPMorgan Chase expands into Dubai

JPMorgan Chase is planning to expand in Dubai as part of a push to collaborate with more Middle Eastern businesses.

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Central banks of England, Thailand and Singapore to explore synchronised FX settlement

The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand have joined together to explore the technical and policy implications of settling tokenised foreign exchange (FX) transactions using synchronised settlement mechanisms.

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MAS sets out AI risk management guidelines

The Monetary Authority of Singapore is to hold bank board members and senior staff responsible for manging risks from the deplyment of artificial intelligence.

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JPMorgan and DBS explore interoperability of tokenised deposits

JPMorgan's blockchain unit Kinexys is working with Singaporean bank DBS to develop an interoperability framework for tokenized deposit transfers across various types of blockchain networks.