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Latest Results from /wholesale

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HSBC names executive team for new embedded finance fintech

HSBC has named the executive team that will spearhead a new embedded finance joint venture in the transaction banking arena

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Bank regulators warn over operational resilience challenges

Banks across the EU are failing to adequately meet guiding Principles on operational resilience and risk laid down by the Basel Committee in 2021.

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OCC's former Chief Fintech Officer had CV full of falsehoods - report

The Office of the Comptroller of the Currency's first chief financial technology officer is no longer in place amid revelations that his CV was riddled with falsehoods, including about his former employment at major banks, according to reports.

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Majority of UK banks already piloting GenAI

Nearly three quarters of UK financial services firms are now piloting the use of generative AI for things like ‘co-pilot’ employee efficiency tools, according to a UK Finance survey.

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UK funds given green light for tokenisation

Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.

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PaymentSense eyes Irish money licence

Ireland's payments sector looks set for increased competition following reports that UK-based PaymentSense plans to apply to the Central Bank for an e-money licence.

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UK companies backsliding on sanctions screening

UK companies are failing to keep up with the requirements for sanction-screening prospective clients despite the high level of global geopolitical unrest, according to a recently published survey.

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Fidelity National Financial services disrupted by cyber incident

Fidelity National Financial has been hit by a "cybersecurity incident" that forced it to block access to systems, leading to business disruptions.

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73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

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DORA to spark changes in risk management tech

The imminent introduction of the EU's Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.

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Barclays invests in WealthOS

Barclays has led a £2 million seed funding round for WealthOS, a cloud-native and API-driven core wealthtech startup.

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ASX turns to Tata to replace Chess system

The Australian Securities Exchange (ASX) is planning to turn to a third party to replace its ageing clearing and settlement system.