Latest Wholesale banking News: Finextra Research

BNY strengthens compliance with Behavox Quantum

BNY has boosted its compliance monitoring by rolling out Behavox's AI-powered electronic and voice communication surveillance system.

18 April 2025

/wholesale

Swift rolls out investigation tool to track late payments

Swift has launched a case management service for investigating payment defaults that it claims could save its member banks millions of dollars in operational costs and significantly reduce the time it takes to identify and resolve issues when international payments are delayed.

17 April 2025

/wholesale

Big banks join $63m funding round for Luma

Luma Financial Technologies, a platform for structured products and annuities, has raised $63 million in Series C financing led by Sixth Street Growth and joined by a host of existing Wall Street backers.

17 April 2025

/wholesale

Allica Bank nearly doubles profits

British SME challenger bank Allica has nearly doubled profits and hit £3 billion of lending in a record-breaking year in which it was crowned as the fastest growing startup in Europe.

16 April 2025

/wholesale

Major US banks dial down information sharing with OCC after email hack

JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.

15 April 2025

/wholesale

Fnality rolls out 'earmarking' for programmable payments

Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has released a new feature that allows banks to programme funds for release upon receipt of proof of an event elsewhere.

15 April 2025

/wholesale

US Bank launches spend management platform for business owners

US Bank has unveiled a spend management platform to help businesses monitor, track, and control their card-based spending.

15 April 2025

/wholesale

UK RegTech NorthRow explores sale

UK RegTech platform NorthRow has appointed boutique investment advisory firm Lazarus Consulting to explore options for growth investment or a full sale of the business.

14 April 2025

/wholesale

SwapAgent and Trafigura open blockchain deposit accounts with JPMorgan Kinexys

LSEG's post-trade business Swap Agent and commodities house Trafigura are to be the first in the UK to open GBP-denominated deposit accounts via JPMorgan's blockchain business unit Kinexys.

14 April 2025

/wholesale

Northern Trust: 21% of private market investors allocate to crypto and digital assets

In a global survey of 180 institutional plans with investment portfolios ranging from $1 billion to over $500 billion, Northern Trust gathered responses from senior leaders at pension funds, outsourced chief financial officers and multi-managers, family offices, sovereign wealth funds, endowments, and other institutions across the Americas, Emea and Apac.

11 April 2025

/wholesale

Anthropic hires former Stripe exec Guillaume Princen to lead European expansion

AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe's European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.

10 April 2025

/wholesale

BofE eyes AI's risk to financial stability

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

10 April 2025

Latest news