Latest Wholesale banking News: Finextra Research

Investing in Women Code backs UK female founders

Venture capital fund managers who have signed up to the Investing in Women Code are more likely to invest in female founders, according to a UK government report.

7 hours

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OCBC to invest $500 million in new innovation hub

South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).

8 hours

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Standard Chartered uses 'skills passport' to match employees to projects

Standard Chartered is making the most of its internal talent by using an AI-based marketplace to match employees' skills with project-specific 'gigs'.

17 hours

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CommBank builds AI Factory with AWS

Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse 'AI Factory' with the aim of accelerating the adoption of Generative AI.

17 hours

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AI ranking says banks lagging on climate action

Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X and Climate Proof.

17 September 2024

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UK banks hail Regulated Liability Network experiments

The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.

17 September 2024

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Citi COO shares responsibility for data overhaul following $136 million fine

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

16 September 2024

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Barclays struggles to find buyer for UK merchants payments stake

Barclays is having a hard time selling off a stake in its UK merchant payments unit with potential buyers baulking at the bank's valuation of the business, according to Reuters.

16 September 2024

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Northmill bank appoints new CEO Julie Chatterjee

Swedish bank Northmill has announced the appointment of a new CEO Julie Chatterjee, previously deputy CEO and chief commercial officer of Multitude bank.

16 September 2024

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Regulator tells Wells Fargo to fix AML deficiencies

Shares in Wells Fargo fell on Thursday after the bank inked a formal agreement with the Office of the Comptroller pledging to fix deficiencies in its financial crimes risk management practices and anti-money laundering internal controls.

13 September 2024

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Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission

As the national independent authority in Ireland, the Data Protection Commission (DPC) is responsible for protecting the personal data of individuals in the EU in accordance with GDPR, the EU's Law Enforcement Directive (LED) and Irish ePrivacy Regulations.

12 September 2024

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Datricks raises $15m for AI-powered risk management platform

Datricks, an AI-powered "financial integrity" platform, has raised $15 million in a Series A funding round led by Team8's VC arm.

12 September 2024

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