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Latest Results from /wholesale

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Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

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Trump promises to block CBDC

Donald Trump has vowed to prevent the creation of a central bank digital currency if he wins the US presidential election, calling a digital dollar a "dangerous threat to freedom".

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Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports

The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.

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Hawk AI hires HSBC vet Shearer

German RegTech Hawk AI has brought in HSBC compliance veteran Michael Shearer as chief solution officer.

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NEO moves out of the red

NEO, the Barcelona-based cross-border payments and FX fintech, has reached profitability three years after launch.

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JPMorgan faces rising number of hacking attempts

JPMorgan Chase has seen the number of hacking attempts on its systems soar over the last year.

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JPMorgan anchors $300 million funding round in Quantinuum

JPMorgan Chase has anchored a $300 million investmnet round in quantum computing startup Quantinuum, valuing the business at $5 billion.

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Encompass acquires ING compliance startups

Encompass Corporation has acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.

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PayPal and Samsung back LatAm fintech Prometeo

PayPal and Samsung have joined a $13 million funding round in LatAm embedded banking vendor Prometeo.

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NatWest launches Energy Help and Support tool for UK SMEs

NatWest has launched a new digital tool to help the UK’s 5.5 million small businesses to save on their energy bills while reducing their emissions.

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Santander hoovers up tech talent for digital overhaul

Banco Santander recruited 4500 employees with tech skills in 2023 as it undergoes a comprehensive digital overhaul.

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10x Banking gets capital injection

10x Banking, the core operating supplier founded by former Barclays CEO Antony Jenkins, has picked up $50 million in fresh funding from existing investors Blackstone and JPMorgan Chase.