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Latest Results from /wholesale

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Two-thirds of banking sector AI research driven by five banks

JPMorgan Chase is responsible for more than a third of all banking sector AI research, according to data from benchmarking and intelligence platform Evident.

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WorkFusion raises $45m for financial crime compliance AI agents

WorkFusion, a fintech building AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian.

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Bank of England proposals to cap stablecoin holdings draws fire

The Bank of England has come under fire for proposals to impose strict caps on the value of stablecoins that individuals and companies can hold.

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ANZ savaged by regulator over bond trading data reporting and retail failings

ANZ is facing $240 million in penalties over misreporting of bond trading data to the Australian government and 'widespread misconduct' across retail products and services.

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Swift and top banks test use of AI and data sharing to fight financial fraud

Bank-to-bank messaging network Swift is hailing the results of tests that used a combination of AI and cross-border data sharing to double real time fraud detection in trials involving 13 top tier banks and ten million test transactions.

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Tether unveils US stablecoin

Tether has brought in former executive director of the White House Crypto Council Bo Hines to spearhead a new US-regulated, dollar-backed stablecoin.

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Most SMEs would pay for a Digital Company ID service

More than eight in ten of UK small and medium-sized enterprises (SMEs) would be willing to pay for a Digital Company ID service, according to research commissioned by the Centre for Finance, Innovation and Technology (CFIT).

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Embedded payment platform Rainforest raises $29 million

Rainforest, an embedded payment provider purpose-built for software platforms, has raised an oversubscribed $29 million Series B funding round led by Matrix Partners and Infinity Ventures with participation from Accel and Tech Square Ventures.

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ANZ to cut 3500 jobs

ANZ is to cut 3500 jobs over the next 12 months, marking a 14% reduction in the Australian lender's workforce.

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Bank for fintechs Lead raises $70m

Lead Bank has hit a $1.47 billion valuation after raising $70 million to serve fintech and crypto firms.

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Stripe unveils Tempo blockchain for stablecoin payments

Stripe and crypto investment firm Paradigm have unveiled a blockchain project for stablecoin payments.

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Bank of England and BIS develop off-the-shelf module for analysing ISO 20022 data

The BIS Inovation Hub and the Bank of England have developed a prototype analytical tool to unlock the richer payments data derived from the ISO 20022 payments messaging protocol.