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Latest Results from /wholesale

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Barclays follows HSBC out of the Net Zero Banking Alliance

Barclays has followed HSBC in withdrawing from the Net Zero Banking Alliance (NZBA), claiming that the departure of a host of other global lenders means the organisation "no longer has the membership to support our transition".

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Citi taps ex-JP Morgan exec for tech role

Citi has named former JP Morgan executive Pankaj Goel as the co-lead of its technology investment banking team.

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Canada's Real-Time Rail set for testing phase

The technical build for Canada's Real-Time Rail (RTR) payments system is almost complete, with testing set to be carried out in autumn ahead of launch.

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Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

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Standard Chartered signs AI deal with Alibaba

Standard Chartered has signed an AI and cloud deal with Albibaba Group.

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Airwallex to double London office space as UK revenues soar

Business payments outfit Airwallex is to double its office space in London after experiencing 109% year-on-year growth in the UK.

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FIS to integrate with Circle for USDC payments

Global banking technology vendor FIS has teamed with stablecoin issuer Circle to give financial institutions the ability to transact in USDC.

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Trovata buys treasury management system Atom

Cash and liquidity management platform Trovata has acquired treasury management system (TMS) Atom and secured $9 million in investment.

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Europe must provide more support for stablecoins or face subservience to the US dollar

Jürgen Schaaf, an economist and advisor to the European Central Bank's Market Infrastructure and Payments division, says more support should be provided for properly regulated euro-denominated stablecoins to ward off the threat posed by US dollar-backed tokens.

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No AI? No exit, says investment bank Artis Partners

Fintechs that fail to embed AI into their operating model will find it increasingly difficult to orchestrate an exit, according to investment bank and tech advisory firm Artis Partners.

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CME completes first phase of testing on Google Cloud

Trading venue CME Group has revealed more about its plan to introduce tokenisation services via its link up with Google Cloud

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SS&C acquires funds network Calastone in $1bn deal

Investment funds processing network Calastone has been bought by US-based funds servicing firm and software vendor SS&C Technologies in a deal worth £776m ($1.03bn).