Latest Wholesale banking News: Finextra Research

Commerzbank and Raisin team on savings platform for corporate clients

Commerzbank has joined force with German fintech Raisin to launch a savings platform for corporate clients.

17 April 2019

20|30 collaborates with LSE on test issuance of tokenised equity, raises £3m

Blockchain startup 20|30 has raised £3 million by selling tokenized shares and settling them in a test environment on the LSE’s Turquoise platform.

15 April 2019

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Nasdaq raises stake in Oslo Bourse

Nasdaq has increased its stake on Oslo Bourse with the purchase of 844,071 shares in the Norwegian exchange operator, upping the ante in its fight with Euronext over control of the business.

11 April 2019

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Deutsche Bourse confirms talks with Refinitiv over FX business acquisition

Deutsche Bourse has confirmed that it is in talks with Refintiv over the acquisition of 'certain FX business units', following market speculation about a pending $3.5 billion swoop for multi-bank foreign exchange portal FXall.

11 April 2019

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TCS blockchain powers cross-border securities settlement between CSDs

The Moroccan and Kuwait central securities depositories have carried out a cross-border securities settlement using stable coins and a blockchain from Indian IT giant Tata Consultancy Services (TCS)

11 April 2019

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Tens of millions of jobs on the line as banks pile into AI

The global business value of the deployment of artificial intelligence in financial services is projected to reach $300 billion by 2030, according to a study by IHS Markit, leading to the loss of tens of millions of jobs

11 April 2019

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European regulators advise against one-size-fits-all cybersecurity policy

Europe's financial supervisory authorities have advised against the introduction of a coherent cyber resilience testing framework for the continent's market participants and infrastructures - at least in the short term.

10 April 2019

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Finablr plots London listing

UAE-based Finablr is looking to capitalise on investor interest in payments processing with plans for an IPO on the London Stock Exchange.

10 April 2019

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Swift says cyber threats evolving

Cybersecurity attackers in the large value payments chain are adjusting their modus operandi, lowering the value of transactions and running fraudulent instructions during normal operating hours in an attempt to blend in with regular payment flows and avoid detection, according to a new report from banking co-operative Swift.

10 April 2019

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RBC and Franklin Templeton back SoCal fintech incubation centre

Royal Bank of Canada and Franklin Templeton have thrown their weight behind the creation of a purpose-built fintech incubator in San Diego, the first facility of its kind in the Southern California region.

10 April 2019

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JP Morgan launches Sepa instant payments in Europe

US banking giant JP Morgan is boosting its real-time payments offering by launching Sepa Instant in Europe.

10 April 2019

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Deutsche Börse to pay $850m for analytics firm Axioma

German exchange operator Deutsche Börse is buying Axioma for $850 million and combining the analytics specialist with its index businesses in a new company.

09 April 2019

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