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Latest Results from /wholesale

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Ageras makes 8th acquisition with payroll company Employes

Accounting, admin, and banking software platform Ageras has made its eighth acquisition in Dutch payroll company Employes.

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Propel Venture Partners closes $100m fund

Propel Venture Partners, the BBVA-backed seed-stage venture firm targeting fintechs, has closed a $100 million fund.

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Deutsche Bank goes live with Swift Instant Cash Reporting

Deutsche Bank has gone live with Swift’s new API-driven Instant Cash Reporting (ICR) tool for accessing real-time account and balance information with a single, standardised connection.

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Alternative investment platform iCapital raises $820m

Alternative investment platform iCapital has raised over $820 million at a valuation of more than $7.5 billion.

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Australia to commence multiple trials of tokenised asset settlement and CBDC

Project Acacia, a joint initiative between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (DFCRC), has selected 14 participants to undertake trials of tokenised asset settlement in financial markets.

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Ripple picks BNY for stablecoin custody

Ripple has chosen Bank of New York Mellon as primary custodian for its US dollar-pegged stablecoin reserves.

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Bank of England fines Vocalink over compliance failure

The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.

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Clarity AI buys sustainability fintech ecolytiq

Clarity AI has acquired fellow sustainability fintech ecolytiq. Financial terms of the deal were not disclosed.

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AusPayNet and AP+ launch consultation on future of Australian A2A payments

Australia's payment industry and its domestic payments provider have launched a public consultation on the future of account-to-account payments in the country.

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Mastercard and Pay4You form spend management partnership

Mastercard has joined forces with self-service payment portal Pay4You to pitch a tail spend management offering to firms in Europe.

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EPC invites Directory Service Providers to collaborate on VoP scheme

The European Payments Council is seeking Directory Service Providers to help with checking routing algorithms that may be used by Verification of Payee (VoP) scheme participants.

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Fintech sector braced for fresh wave of disruption as AI changes the game

As artificial intelligence reshapes the business landscape, fintechs stand poised to usher in a fresh wave of disruption as the industry emerges from a prolonged slump.