Latest Wholesale banking News: Finextra Research

DBS to shrink workforce by 10%

Singapore's DBS Group expects to dispense with 4000 contract and temporary emloyees over the next three years as AI takes centre stage.

24 February 2025

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Capital on Tap scores £750m in funding facilities

London-based small business credit card provider Capital on Tap has secured £750 million in funding facilities.

21 February 2025

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ECB investigates settlement of DLT-based transactions in central bank money

The European Central Bank is looking into how to settle distributed ledger technology-based transactions in fiat money.

20 February 2025

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CommBank's x15Ventures invests in Xccelerate winner Gable

CommBank's venture scaling arm x15Ventures has invested in Seattle-based data management startup Gable, which emerged as the winner from a field of fintechs participating in its latest Xccelerate24 programme.

20 February 2025

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Former Revolut UK CEO James Radford takes over the reins at Volopa

Former Revolut UK CEO James Radford has taken over as CEO of Volopa, a foreign exchange, international payments, and expense management company incubated by Quantum Group.

19 February 2025

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CaixaBank sets out €5 billion technology roadmap

Spain's CaixaBank has laid out a two-year, €5 billion technology roadmap that will seek to put generative AI at the centre of the bank's operations.

19 February 2025

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SRA Watchtower raises $4 million for AI-powered risk intelligence

SRA Watchtower, an SaaS provider of AI-powered risk management and financial insight technology, has secured $4 million in funding.

18 February 2025

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Global fintech investment falls to seven-year low

KPMG's bi-annual Pulse of Fintech report paints a sorry picture for the global fintech sector in H2'24 as both fintech investment and the number of deals fell to levels not seen since 2017.

18 February 2025

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Standard Chartered backs StraitsX stablecoins

Standard Chartered Bank is stepping deeper into the stablecoin space through a strategic partnership with StraitsX, a Singapore-licensed stablecoin issuer, to strengthen the reserve management of its US Dollar and Singapore Dollar stablecoins, XUSD and XSGD.

18 February 2025