Latest Wholesale banking News: Finextra Research

AFP: BMO, Affirm on deepfakes, downtime and demand for a crisis-ready culture

At AFP 2025 in Boston, Larry Zelvin, executive VP and head of the financial crimes unit, BMO; Sarah McMorris, CTP, lead, treasury operations, Affirm; and Marlys Green, director, treasury controller, PDS Health, took to the stage to explore the profound shift in the threat landscape due to AI-enabled cybercrime.

27 October 2025

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IBM launches digital asset platform

IBM has launched a platform for financial institutions, governments, and corporations to securely manage and scale their digital asset operations.

27 October 2025

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UBS reshuffles top ops roles

Swiss bank UBS has announced a series of changes to its executive team including a reshuffle of its operations and technology roles.

27 October 2025

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JPMorgan to allow crypto as collateral - Bloomberg

JPMorgan Chase is set to allow institutional clients use bitcoin and ether holdings as collateral for loans by the end of the year, according to Bloomberg.

27 October 2025

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UK vows to help innovative FS firms with new scale-up unit

The UK government is opening a "scale-up unit" designed to support and guide innovative fast-growing fintechs, banks and insurers.

24 October 2025

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Pave raises $39m to build programmable bank

Pave Bank has raised $39 million in funding to scale what it calls the first "programmable bank" built for digital assets and the AI era.

23 October 2025

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Banks buy stake in LSEG's post trade business

The London Stock Exchange Group (LSEG) has sold a 20% stake in its Post Trade Solutions business to a consortium of 11 banks.

23 October 2025

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Citi appoints CEO as chair of the board

US investment bank Citi has named its current CEO, Jane Fraser, as chair of the board of directors.

23 October 2025

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Allica Bank buys embedded finance player Kriya

British SME challenger bank Allica has boosted its working capital efforts and moved into the embedded finance market through the acquisition of fintech Kriya.

22 October 2025

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OpenAI hires Wall Street bankers to train AI in financial models

OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.

21 October 2025

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UK pension funds to back fintech startups

A consortium of 20 UK-based pension funds, asset managers and asset owners is set to invest in the country's fintech sector.

21 October 2025

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UBS appoints chief AI officer

UBS is the latest banking giant to bring artificial intelligence into the C suite, tapping JP Morgan's Daniele Magazzeni as its first chief AI officer.

17 October 2025

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