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Latest Results from /wholesale

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GoCardless partners Pipe to offer SMEs capital financing

Bank payments fintech GoCardless has teamed up with embedded finance firm Pipe to offer small businesses direct access to capital financing.

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Treasury management fintech Embat buys Necto

Madrid-based treasury management startup Embat has acquired Necto, a US bank API connectivity specialist. Financial terms were not disclosed.

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Taurus launches private token standard for banks

Swiss blockchain startup Taurus has released what it describes as an open-source token standard for debt and equity transactions in a move designed to boost the digital assets market.

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Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

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UK Government mulls abolishment of Payment Systems Regulator

The UK Government is considering scrapping the Payments Systems Regulator and folding it into the Financial Conduct Authority.

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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.

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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.

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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.

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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.

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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.

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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.

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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.