Latest Wholesale banking News: Finextra Research

Westpac to rebuild financial crime tools and double compliance staff

Westpac has pledged to consolidate its disparate anti-money laundering systems into a single, group-wide, database, and to double the number of people in its financial crime unit, in response to regulatory accusations that it contravened AML/CTF laws on over 23 million occasions.

25 November 2019

/wholesale

Regtech Tookitaki raises $19.2m

Singapore-based, AI-powered regtech startup Tookitaki has topped up its Series A funding round to a total of US$19.2 million.

25 November 2019

/wholesale

MGV plans EUR150m fintech fund

A new fintech-focused investment firm, MiddleGame Ventures (MGV), is planning to put together a EUR150 million fund to target post-seed startups in Europe and North America.

25 November 2019

/wholesale

What the UK Jurisdiction Taskforce's legal statement on cryptoassets doesn't do

Cryptoassets are now recognisable under English law after a statement by the UK Jurisdiction Taskforce (UKJT), regarded as a big step for integration of crypto trading into mainstream finance.

22 November 2019

/wholesale

RBC backs university programme on ethics in AI and data analytics

Royal Bank of Canada (RBC) is joining forces with Western University on a programme exploring the ethical and social aspects of data analysis and AI.

22 November 2019

/wholesale

Siam Commercial Bank to spin off tech ops in bid to create fintech unicorn

Siam Commercial Bank is to spin off some of its technology operations as separate companies in a bid to monetise its investment in IT at a time of sluggish earnings in the Thai banking sector.

22 November 2019

/wholesale

BNY Mellon saving hundreds of hours a year processing emails with AI

Hans Brown, BNY Mellon's global head of innovation, tells Finextra that the bank's operations team has applied AI to the relatively mundane task of reading e-mails and auto-forwarding them to the relative department.

22 November 2019

/wholesale

Westpac faces hefty fines for breaching anti-money laundering rules

Westpac could face unprecedented civil penalties, having been accused of contravening AML/CTF laws on over 23 million occasions by Australia’s anti money-laundering and terrorism financing regulator, Austrac.

20 November 2019

/wholesale

New York state grants Fidelity digital asset charter

Plans by Fidelity Investments to launch a digital assets business have been given a boost New York's Department of Financial Services, which has grenlighted the firm's move into the state's rapidly growing virtual currency marketplace

20 November 2019

/wholesale

Capitolis raises $40 million

Capitolis, a 'next generation' provider of capital markets technology founded by Gil Mandelzis, ex-Traiana, and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor Teleshevksy, formerly Traiana, has raised $40 million in financing from Spark Capital and SVB Capital.

20 November 2019

/wholesale

Barclays beefs up corporate VeinID scanner

Barclays has rolled out an improved version of its biometric finger vein scanner, which enables corporates to complete banking transactions without the need for PINs and passwords.

20 November 2019

/wholesale

ABN Amro doubles down on fintech venture fund

ABN Amro has doubled the size of its fintech venture fund from EUR50 million to EUR100 million, as it continues its search for startups with potential to reshape the future of financial services.

20 November 2019

Latest news