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BNY sends largest instant payment in US history

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BNY sends largest instant payment in US history

BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.

IPiD launches AI-powered name matching tech for Verification of Payee

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IPiD launches AI-powered name matching tech for Verification of Payee

Payment identity network iPiD has joined forces with Microsoft to builds an AI-powered name-matching tool for Verification of Payee (VoP).

Why lack of action is the main biodiversity issue in financial portfolios

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Why lack of action is the main biodiversity issue in financial portfolios

Previously, banks and members of the financial industry were either not aware or unsure of how to help when it came to biodiversity. However, that seems to be changing.

BMO joins IBM Quantum Network

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BMO joins IBM Quantum Network

Canada's BMO has joined the IBM Quantum Network, gaining access to Big Blue's advanced quantum infrastructure.

Temenos sells Multifonds for $400 million

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Temenos sells Multifonds for $400 million

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

Standard Chartered predicts bitcoin will hit $500,000 in the next three years

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Standard Chartered predicts bitcoin will hit $500,000 in the next three years

Standard Chartered's head of digital assets Geoffrey Kendrick is forecasting that bitcoin could hit a high of $500,000 over the next three years.

CommBank signs five-year deal with AWS

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CommBank signs five-year deal with AWS

CommBank has entered a five-year deal with Amazon Web Services (AWS) to continue as the bank’s preferred cloud provider.

BMO brings embedded finance to business ERP systems

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BMO brings embedded finance to business ERP systems

Canada's BMO has teamed up with embedded banking specialist Fispan to let business clients integrate their online accounts directly into Enterprise Resource Planning (ERP) and accounting systems.

Use of AI in banking to be subject of new inquiry by MPs

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Use of AI in banking to be subject of new inquiry by MPs

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

United Fintech acquires Commercial Banking Applications

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United Fintech acquires Commercial Banking Applications

United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, has made it sixth and largest acquisition to date, buying out trade finance and payments vendor Commercial Banking Applications.

TransferGo moves into B2B; launches multi-currency business account

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TransferGo moves into B2B; launches multi-currency business account

Remittance network TransferGo has launched an account that lets global businesses based in the UK and EU hold, exchange, send, and receive multiple currencies.

London fintech startup Brava launches stablecoin management system

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London fintech startup Brava launches stablecoin management system

Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.

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