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Carlyle to buy intelliflo for up to $200m

Investment firm Carlyle has agreed to buy intelliflo, a cloud-based practice management software for independent financial advisors in the UK, from Invesco in a deal worth up to $200 million.

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OCBC taps blockchain for $1bn digital US commercial paper programme

Singapore's OCBC has established a US$1 billion digital US commercial paper programme using blockchain technology.

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EU weighs public blockchain for digital euro

European Union policymakers are debating whether to launch the digital euro on public blockchains as they accelerate work on the CBDC in response to the passage of the Genius Act in the US and fears that it could see dollar-baked stablecoins dominate cross-border payments, according to the Financial Times.

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Grasshopper Bank adopts Narmi's MCP server for AI business insights

Digital business bank Grasshopper has moved into a private beta of Narmi's Model Context Protocol (MCP) server, laying the groundwork for client queries via Anthropic's AI assistant Claude.

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Financial trade groups call on Basel Committee to rethink crypto exposure standards

A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its "excessively conservative and overly punitive" upcoming Cryptoasset Exposures Standard.

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Fifth Third buys cash management outfit DTS Connex

US bank Fifth Third has moved to scale its cash management operations through the acquisition of DTS Connex. Terms were not disclosed.

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United Fintech appoints Rupsa Mukherjee as head of M&A

United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, is preparing for a new wave of M&A activity with the appointment of Deutsche Bank's Rupsa Mukherjee as head of mergers and acquisitions.

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Starling extends business banking suite with Ember acquisition

Starling Bank has acquired accounting software firm Ember in an effort to extend its offering for the small business banking market.

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Canadian securities watchdog shut down systems following cybersecurity threat

The Canadian Investment Regulatory Organization (Ciro) says it shut down some of its systems last week after identifying a "cybersecurity threat".

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Payoneer taps Citi blockchain tech for intracompany money transfers

Cross-border payments firm Payoneer is using Citi's blockchain technology for real-time 24/7 intracompany money transfers.

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Nedbank to deepen SME support with $94 million acquisition of iKhokha

South Africa's Nedbank is to acquire financial technology company iKhokha in a deal worth $94 million aimed at deepening its support for small and medium-sized enterprises (SMEs).

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Santander partners OpenAI to become 'AI-native' bank

Santander has inked a deal with OpenAI, rolling out ChatGPT Enterprise to nearly 15,000 staffers as it bids to become an "AI-native" bank.