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Latest Results from /wholesale

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HSBC launches transactions platform for firms seeking international growth

HSBC has launched a one-stop domestic and cross-border payments platform for businesses looking to grow internationally.

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NextGen: AI: Finding the right strategies to overcome AI limitations

The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.

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Citi invests in mortgage infrastructure platform Pylon

Citi has invested in programmatic mortgage infrastructure provider Pylon. Financial terms were not disclosed.

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MPs launch excoriating attack on the FCA

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as 'incompetent at best, dishonest at worst', in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

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BBVA creates GPT Store to house employee-generated AI tools

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

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Santander signs five-year deal with dentsu to build new global platform for SMEs

Santander has drafted in dentsu to build a new global platform to help SMEs unlock barriers to international trade.

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NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

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AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

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Mastercard MTN connects to JP Morgan's Kinexys Digital Payments for settlement

Mastercard has connected its Multi-Token Network (MTN) to JPMorgan's Kinexys Digital Payments rail for B2B cross-border payments settlement.

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Chainlink consortium to test trade finance app using Brazil's digital Real

Microsoft Brazil, 7COMm and Chainlink are to work with Banco Inter on a trade finance application as part of the second phase of the central bank's trials of its digital currency, Drex.

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ING rolls out up-to-the-minute credit assessment tool for business clients

ING has rolled out a new digtial tool that helps businesses in The Netherlands more accurately assess the creditworthiness of their customers and suppliers.

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European central banks look to GenAI to improve inflation forecasting

The Bank for International Settlements is working with the European Central Bank and Detusche Bundesbank to explore how generative AI could be applied to improve inflation forecasting.