Latest Wholesale banking News: Finextra Research

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

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BIS names Beju Shah as new head of Toronto innovation hub

The Bank for International Settlements has appointed Beju Shah as the new Head of the Toronto Innovation Centre.

18 February 2025

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Standard Chartered anchors HK dollar-backed stablecoin joint venture

Standard Chartered has formed a joint venture partnership with Animoca Brands and HKT to issue a Hong Kong dollar-backed stablecoin.

17 February 2025

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Fedwire Funds Service ISO 20022 migration delayed until July

Federal Reserve Financial Services (FRFS) has pushed back the roll out of ISO 20022 for the Fedwire Funds Service from March to July.

17 February 2025

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NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.

13 February 2025

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Citi and PayPal join $18.5 million round in Finmo

The venture arms of Citi and PayPal have joined with Quona Capital to support an $18.5 million investment round in treasury operating system Finmo.

13 February 2025

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Danish fintech Ageras buys Storebuddy

Danish accounting, admin and banking fintech Ageras has bought payment reconciliation software provider Storebuddy. Financial terms were not disclosed.

13 February 2025

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Third of central banks delay CBDC timelines

With Donald Trump banning work on a digital dollar, a central bank survey suggests that while 75% still plan to issue a CDC, nearly a third have pushed back their issuance timeline.

13 February 2025

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Stripe alumni raise $6m for AI-powered 'wealthcare'

Era, an AI-powered personal wealth management startup founded by Stripe alumni, has raised $6.2 million in seed funding co-led by MaC Venture Capital, Third Kind Venture Capital, and Protagonist.

12 February 2025

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Berlin-based startup Integral raises €6.3 million

Integral, a Berlin-based startup providing accounting, taxation & payroll services for SMEs, has secured a €6.3m funding round led by General Catalyst, Cherry Ventures with participation from Puzzle Ventures and entrepreneurs across Europe.

12 February 2025

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Nigeria's Raenest secures $11 million Series A; Ghana's Affinity snags $8 million

Raenest, a Nigerian fintech providing cross-border payments to gig workers and businesses, has secured $11 million in Series A funding.

12 February 2025

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