630 Results from /wholesale, 2019
/wholesale
The Bank of Lithuania has selected IBM and Tieto as the final contestants for a procurement initiative to create a regulatory sandbox platform for blockchain projects, LBChain.
22 October 2019
Up to a third of the world's banks are not equipped to survive an economic downturn and must re-invent their business models to compete in a digital age, according to a report by consultancy McKinsey.
Finextra spoke to ING’s head of transaction services Americas Tibor Bartels at AFP 2019 about his experience working with both US and European treasurers and chief financial officers and whether regulation has helped with cash management or has been a hindrance.
21 October 2019
Mastercard is working with PNC Bank to pilot a system that lets businesses pay suppliers in real-time when receiving goods or services.
BNP Paribas is to acquire a 22.5% stake in wealth mangement technology company Allfunds as part of an alliance to build a new fund distribution platform.
SME business banking platform Tide is to introduce optical character recognition technology that will give customers the ability to auto-match receipts to transactions and perform bulk uploads to accounting software.
Global stablecoins, such as Facebook's Libra, pose risks to financial stability, anti-money laundering efforts, anti-trust policy, and even monetary sovereignty, a new G7 working group has warned.
18 October 2019
The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.
Machine learning tools are now in use at two-thirds of UK financial institutions, with the technology entering a new phase of maturity and more advanced stages of deployment, according to a survey conducted by the Bank of England.
17 October 2019
Swiss RegTech startup Apiax has completed a $6.6 million Series A funding round, reflecting strong investor appetite for technology-focused solutions to the growing compliance burden facing major firms.
Santander InnoVentures is leading a €35 million funding round in pan-European digital debt marketplace CrossLend.
16 October 2019
Citi Ventures has joined Amsterdam VC Inkef Capital in co-leading a EUR5 million round in cash forecasting and working capital vendor Cashforce.
15 October 2019
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