Latest Results from /wholesale
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Commerzbank has completed a blockchain-based Letter of Credit transaction for a client on the Contour digital trade finance platform.
27 July 2023
UK-based regtech eflow Global has raised £7 million in a Series A funding round led by Finch Capital.
25 July 2023
The Competition and Markets Authority has castigated HSBC, Nationwide and TSB for "significant failures" in transaction history reporting for personal and business customers switching banks.
Mediobanca has joined with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator, underpinned by an overall €12 million investment from the Italian investment bank.
24 July 2023
The Federal Reserve has switched on its new instant payment system, FedNow, with 35 banks and credit unions onboard.
20 July 2023
The Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation’.
17 July 2023
The brothers behind a British peer-to-peer style investment platform have been sentenced to a combined eight years in prison for fraud and money laundering.
The UK’s fintech sector faces an uncertain future, with almost half of firms flagging the potential risk of failure by the end of 2023, according to new research commissioned by business advisory firm FRP.
13 July 2023
Truist Financial, a top ten US commercial bank, has joined the ranks of financial institutions preparing for a quantum future by joining IBM's Quantum Accelerator programme.
The Bank of London, a global clearing and transaction banking startup, has applied for a European banking licence and committed to a €200 million investment and the hiring of 300 people in Luxembourg over the next five year.
FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.
12 July 2023
Barclays today opened registrations for the Barclays RepoHack 2023, an industry hackathon that will set market participants the challenge of building novel solutions for repo post-trade services.
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