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Latest Results from /wholesale

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Aveni launches FinLLM with backing from Lloyds and Nationwide

Lloyds and Nationwide-backed fintech Aveni has released the first version of its domain-specific large language model for financial services, FinLLM.

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Finastra to sell Treasury and Capital Markets business to Apax Partners

Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt.

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Citi joins Series A for AI-powered B2B embedded finance platform CrediLinq

AI-powered B2B embedded finance platform CrediLinq has closed a $8.5 million Series A funding round led by OM/VC and MS&AD Ventures.

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JPMorgan Chase releases open source quantum software library

JPMorgan Chase and technology company Infleqtion have released a new open source quantum software library designed to improve the efficiency of potential applications and use cases.

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BIS and NY Fed test policy implications of future tokenised market

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have published a joint research study that explored how central banks could continue to implement monetary policy operations in tokenised wholesale financial markets.

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Bank of London faces regulatory probe as auditor raises uncertainty over future

The Bank of London says it is under investigation by UK regulators in a move its auditors warn could cast "significant doubt" over its future.

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BBVA expands OpenAI agreement to 11,000 ChatGPT licences

BBVA has nearly quadrupled the number of its ChatGPT Enterprise licences after concluding that the technology saves employees nearly three hours a week.

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Lloyds and Mercore complete secondary trade transactions using digital documentation

Lloyds and Mercore have completed a series of transactions that have featured the secondary participation in an accepted digital bill of exchange.

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Citi and SDX announce digital assets plan for private markets

Citi has teamed up with Swiss post-trade group SDX in a bid to develop tokenisation for private market assets.

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Juice raises £25m for founder-focused lending platform

Juice, a UK-based alternative lending platform for digital founders, has raised £25 million in funding.

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HSBC launches Trump tariff financing product for US clients

HSBC has responded to the recent round of tariffs kicked off by Donald Trump with a financing tool that helps US clients with the payment of import duties.

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Corpay and TPG team up to buy AvidXchange

Business payments automation firm AvidXchange is going private through a $2.2 billion deal that sees asset firm TPG take majority ownership with Corpay picking up a minority stake.