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Latest Results from /wholesale

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Industry associations highlight cybersecurity risks at US regulatory agencies

Four industry trade associations have called for significant reforms to how federal financial regulators handle sensitive data following a data breach at the Office of the Comproller of the Currency that exposed over 148,000 private correspondences containing sensitive supervisory information about US financial institutions.

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Payments fintech Navro acquires first US licence

Navro, the London-headquartered fintech that simplifies international payments for businesses, has secured its first US money transmitter licence.

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Barclays to roll out Microsoft Co-Pilot to 100,000 staff

Barclays Bank is to extend its delivery of Microsoft Co-Pilot AI agents to 100,000 staff worldwide.

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FCA sets up 'Supercharged Sandbox' for AI experimentation

The UK's Financial Conduct Authority is to set up a 'Supercharged Sandbox' to help firms experiment with innovative AI applications.

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Worldpay scores new business distribution channel with Santander UK

Santander UK has joined forces with Worldpay to offer e-commerce and POS technology to its business banking and corporate clients.

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Citi to lay off 3500 tech staff in China

Citi is to lay off 3500 tech staff in China as part of a major revamp of the bank's global operations.

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CommBank completes 100% AWS data migration

Australia's CommBank, has completed the migration of 100% of its data to AWS in a bid to accelerate the deployement of AI across the bank.

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Liberis builds AI underwriting agent

Embedded business finance platform Liberis has launched a proprietary AI underwriting agent built to boost accuracy and slash decision times.

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Unicredit invests €10 million in embedded lending platform Banxware

Unicredit has made a follow-on investment of €10 million in Berlin-based lending-as-a-service fintech Banxware.

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BCP launches British pound stablecoin

BCP Technologies has launched the first British pound-backed stablecoin from an FCA-registered crypto issuer.

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OatFi raises $24m to build credit network for B2B payments

Fintech infrastructure startup OatFi has raised $24 million in Series A funding to build a credit network for business-to-business payments.

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Santander latest bank to ponder stablecoin play

Bank interest in stablecoins continues to gather momentum, with Santander now reportedly looking into launching its own offering.