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Latest Results from /wholesale

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Bank-to-fintech matchmaker NayaOne raises $4.7 million

NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million.

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Wirecard whistleblower launches confidential reporting tool

Pav Gill, the whistleblower who helped demolish German payment processor Wirecard, has launched a new platform for employees and shareholders to express their concerns over corporate missteps without fear of retaliation or exposure.

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Treasury management fintech Embat raises €14.7 million

Madrid-based treasury management startup Embat has raised €14.7 million in a Series A funding round led by Creandum, an early backer of fintech success stories Trade Republic, Klarna, iZettle and Pleo.

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BNP Paribas and Citi invest in United Fintech

BNP Paribas and Citi have become the first institutional investors in United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors.

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Lloyds forms trade digitalisation partnership with WaveBL

Lloyds has become the first UK bank to join the WaveBL electronic trade documentation platform, meaning its clients can transfer blockchain-based Bills of Lading across a network of members in 136 countries.

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CAB Payments CEO steps down following disappointing LSE float

The CEO of CAB Payments is stepping down less than a year after the business-to-business cross-border payments firm's disastrous float on the LSE.

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Frankfurt wins race to host new EU anti-money laundering agency

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

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Singularity raises $2.2m to help institutions access DeFi

Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, has raised $2.2 million.

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ECB officials liken crypto regulation to providing new clothes for a 'naked emperor'

Senior payments experts at the European Central Bank have billed the SEC's approval of spot exchange-traded funds (ETF) for bitcoin as an example of the 'naked emperors new clothes', legitimising a currency whose fair value as an asset is effectively zero.

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British SMEs lost £2.8 billion in 2023 to "rip off" bank FX fees says Wise

Money transfer firm Wise is calling on the Government to fix weak legislation which enables banks to hide the cost of FX transfer fees charged to small and medium businesses.

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SEI invests $10m in Tifin

Fintech SEI is investing $10 million in Tifin, an umbrella group operating a host of AI-powered technology businesses in the asset and wealth management industry.

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Singapore warns banks to prepare for quantum computing cyber threat

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.