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Latest Results from /wholesale

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Sibos 2025: Banks urged to be modern, not modernised

In Frankfurt, Finextra’s own managing director Gary Wright led a conversation on how modernisation and innovation is reshaping the industry.

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Proptech firm Baselane raises $34m in funding

Baselane, a fintech platform designed for real estate investors, is set to expand its operations after securing $34m in funding.

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Chainlink and UBS demonstrate onchain connectivity with Swift

Demonstrated by UBS, Chainlink has introduced technology that enables financial institutions to use Swift messages to instruct on-chain token transfers, helping the messaging network become interoperable across nearly all blockchain environments.

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Stripe and Brex make stablecoin moves

Payments giant Stripe and corporate spend management player Brex have unveiled products that bring stablecoins closer to the mainstream.

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Visa Direct to pilot pre-funded stablecoins

Visa is promising financial institutions a long-overdue upgrade to the movement of capital in cross-border payments via a pre-funding stablecoin platform.

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Bank of America rolls out GenAI assistant for Global Payment Solutions business

Bank of America has rolled out an AI assistant to help staff deal with complex queries from institutional users of its Global Payments Solutions product.

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FS giants test blockchain and AI to tackle $58bn corporate actions problem

A host of banking and capital market players - including Swift, the DTCC and UBS - have closed out the second stage of a Chainlink-led project to use AI and blockchain technology to standardise and streamline corporate actions processing.

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Sibos: Swift to add blockchain-based ledger to infrastructure stack

Bank-to-bank payment network Swift is to develop a shared digital ledger with 30 member banks to test the use of blockchain technology for real-time cross-border payments.

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UK banks prep live pilot of tokenised sterling deposits

The UK's biggest banks are embarking on a pilot project to deliver the country's first live transactions of tokenised sterling deposits (GBTD).

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Deutsche Bank conducts first euro transaction via blockchain

Deutsche Bank has carried out its first euro-denominated cross-border payment via Partior’s blockchain platform.

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SC Ventures and Fujitsu form quantum computing partnership

Standard Chartered Bank's SC Ventures unit is joining forces with Fujitsu to accelerate the development of quantum computing from the research stage to commercial use in financial services.

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Citi shifts 1000 tech jobs to India

Citi has moved about 1000 technology jobs to support centres in India after slashing its workforce in China, according to Bloomberg.