27 March 2017
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Latest wholesale banking news

UK FS firms see fight against cybercrime as major challenge

UK FS firms see fight against cybercrime as major challenge

7 hours ago  |  1417 views  |  0 comments | 1 linkedin

British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry.

Bank of Ireland welcomes startups to startlab incubator programme

Bank of Ireland welcomes startups to startlab incubator programme

24 March 2017  |  3689 views  |  0 comments | 8 tweets | 6 linkedin

Bank of Ireland is kicking off the second session of its annual incubator programme to support innovative startups in the West of Ireland.

SIX and IBM to build Watson-powered cyber-security hub

SIX and IBM to build Watson-powered cyber-security hub

24 March 2017  |  4438 views  |  0 comments | 14 tweets | 12 linkedin

Swiss Financial infrastructure operator SIX is to use the cognitive computing ability of IBM Watson to build a new cyber-security hub to help banks comply with Swiss privacy laws and regulations.

Cameroon gives mandate for mobile commodity exchange

Cameroon gives mandate for mobile commodity exchange

24 March 2017  |  3192 views  |  0 comments | 6 tweets | 5 linkedin

UWIN Corp, a company founded by MIT Media Lab entrepreneur in residence and former Wells Fargo technologist Julius Akinyemi, has been given a mandate by the Cameroon government to implement a mobile-based commodity exchange.

Skandiabanken makes robo-advisory push with stake in Quantfolio

Skandiabanken makes robo-advisory push with stake in Quantfolio

23 March 2017  |  2637 views  |  0 comments | 6 tweets | 3 linkedin

Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.

European Commission opens public consultation on fintech

European Commission opens public consultation on fintech

23 March 2017  |  9901 views  |  0 comments | 44 tweets | 26 linkedin

The European Commission is to run a public consultation on fintech as it bids to shape its policy response to the booming market for new innovations in financial services.

Open APIs to shake up small business banking market

Open APIs to shake up small business banking market

23 March 2017  |  4582 views  |  0 comments | 19 tweets | 15 linkedin

Chris Gorst, Challenge Prize Lead at Nesta, explains the motivations and ambitions behind the innovation agency's £5 million prize Open API fund, which opens for applications today.

Swift Business Forum, Canada - live blog

Swift Business Forum, Canada - live blog

22 March 2017  |  5723 views  |  0 comments

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'building the future', will investigate how the financial industry is adapting in a fast-changing, digital world where new fintech entrants pose an opportunity and a threat, and cyber-crime is a growing problem.

Warburg Pincus takes 35% stake in Avaloq

Warburg Pincus takes 35% stake in Avaloq

22 March 2017  |  2890 views  |  0 comments | 6 tweets | 2 linkedin

Private equity group Warburg Pincus has acquired a 35% stake in Avaloq, valuing the Swiss core banking firm at CHF1 billion.

John Collison of Stripe becomes youngest billionaire on Forbes Rich List

John Collison of Stripe becomes youngest billionaire on Forbes Rich List

22 March 2017  |  4432 views  |  0 comments | 6 tweets | 4 linkedin

John Collison of Stripe is the youngest self made billionaire to make the Forbes Rich List, in a year when the number of billionaires rose 13% to 2,043.

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