Latest Wholesale banking News: Finextra Research

SMBC and Fujitsu partner on AI-powered data analytics business

Sumitomo Mitsui Banking Corporation is teaming up with Fujitsu to explore the creation of a data analytics business they say could empower customers with better decision-making and operational efficiency.

04 April 2025

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Fuse raises $6.6m to power cross-border payments in Mena

Truelayer and BVNK veterans have raised $6.6 million for their startup building the infrastructure to power real-time cross-border payments in the Middle East and North Africa.

03 April 2025

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Ripple integrates stablecoin into cross-border payments platform

Ripple has integrated its recently-launched stablecoin into its flagship cross-border payments system.

03 April 2025

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Monzo co-founder Blomfield predicts AI will wipe out software engineering jobs

Monzo co-founder and Y Combinator partner Tom Blomfield has kicked up a stir by tolling the death knell of the humble software engineer, claiming that AI will soon be "provably and obviously better at basically every facet" of coding.

03 April 2025

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Circle files for $5 billion IPO

Circle, the issuer of the world's second-largest stablecoin, USDC, has officially filed for an IPO.

02 April 2025

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Trade bodies write to No 10 calling for UK blockchain and crypto push

A collection of UK and global trade bodies has written to the prime minister's office calling on the government to capture what they claim will be the economic and societal benefits of a new wave of digital asset and blockchain technology.

02 April 2025

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Top 5 challenges facing Nordic banks in 2025 - and how NextGen Nordics can help

The Nordic banking sector, known for its advanced digital landscape and commitment to financial innovation, is experiencing a wave of new challenges in 2025. These challenges are largely driven by rapid technological advancements, stringent regulations, and the evolving demands of consumers.

01 April 2025

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Sustainability fintech WeeFin raises €25 million

WeeFin, a fintech that helps financial institutions manage their sustainability strategies, has completed a €25m financing round Series B, led by Blackfin Capital Partners.

01 April 2025

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10x opens exploratory talks over possible sale

Former Barclays chief Antony Jenkins is reportedly weighing a sale of 10x, the core banking startup he founded almost a decade ago.

31 March 2025

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FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

31 March 2025

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PayPal invests in Latin American spend management platform Mendel

Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.

31 March 2025

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Axis Bank and JP Morgan launch blockchain-based 24/7 cross border payments

Private sector bank Axis becomes the first Indian financial institution to offer near-real-time, 24/7 programmable USD clearing for its commercial clients with JP Morgan’s digital assets unit Kinexys.

28 March 2025

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