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630 Results from /wholesale, 2019

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AFME urges faster adoption of cloud computing in capital markets

The Association for Financial Markets in Europe (AFME) has set out 14 recommendations to help realise the full potential of public cloud computing across the capital markets industry, as issues around legacy technology, security and regulatory concerns and standardisation slow uptake.

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Ripple accused of making false claims about Swift error rates

Ripple has been taken to task for erroneously claiming that six percent of all financial transactions sent over the Swift network fail and require human intervention.

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Stablecoins could come under securities rules - Iosco

Stablecoins often include features seen in securities and may therefore come under the same rules, according to the International Organization of Securities Commissions (Iosco).

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FATF zeroes in on digital ID as key to AML compliance

Issuing a draft Guidance Paper last week, the Financial Action Task Force (FATF) urges financial institutions to ready themselves for the impending global expansion of digital identification systems.

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Santander splashes £350 million for majority stake in Ebury

Banco Santander is to pay £350 million to acquire a 50.1% majority stake in Ebury, a provider of corporate banking services to SMEs that trade internationally.

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Bahrain lures startups with fast-track setup programme

Bahrain is putting its friendly approach to cryptocurrency regulation at the centre of a new initiative designed to make it easy for global startups to set up shop in the Arab state.

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KRM22 postpones search for new funding

KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry, has put a halt to a search for new funding citing the uncertainties surrounding Brexit.

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FCA warns cryptoasset firms of impending AML deadline

The FCA has published a new webpage setting out key information and instruction for cryptoassets businesses ahead of implementation of the European Union’s Fifth Money Laundering Directive (5AMLD) early next year.

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Marketplace lender Become raises $12.5 million

Israel fintech Become has raised $12.5 million in Series A funding to help propel its mission to become the 'Expedia for business loans'.

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Industry heavyweights establish Alliance to modernise financial regulation

Co-founded by Jo Ann Barefoot, former deputy comptroller of the currency and David Ehrich of fintech credit card startup, Petal, The Alliance for Innovative Regulation (AIR) has been launched to help regulatory agencies deal with the technological challenges posed by fintech innovation.

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German banks call for digital euro

The Association of German Private Banks has presented a position paper advocating the establishment of a European digital currency and a common identity standard across the Eurozone.

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JPMorgan coders get trading licenses

A pair of JPMorgan Chase coders have been given the green light to bring their data skills to the trading floor.