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Latest Results from /wholesale

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Northern Trust: 21% of private market investors allocate to crypto and digital assets

In a global survey of 180 institutional plans with investment portfolios ranging from $1 billion to over $500 billion, Northern Trust gathered responses from senior leaders at pension funds, outsourced chief financial officers and multi-managers, family offices, sovereign wealth funds, endowments, and other institutions across the Americas, Emea and Apac.

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Anthropic hires former Stripe exec Guillaume Princen to lead European expansion

AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe's European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.

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BofE eyes AI's risk to financial stability

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

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Taurus launches interbank network for digital assets

Swiss blockchain startup Taurus has rounded up 35 banks for the launch of its interbank network for digital assets.

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US justice department disbands crypto fraud team

The US Department of Justice is disbanding its national cryptocurrency enforcement team.

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FCA to make it easier for startups and innovative products to get to market

The Financial Conduct Authority has unveiled plans to make it easier for firms to test innovative products and to support new firms applying for regulatory approval as part of its work programme for 2025-2026.

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Bitcoin-backed lending platform Firefish raises $1.8m seed funding

Firefish, a European open marketplace for bitcoin-collateralised loans, has raised $1.8 million seed funding.

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OCC reports 'major incident ' email hack to Congress

The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system.

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BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

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Hawk raises $56m for AI-powered fraud prevention

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

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Mondu expands B2B payment network across Europe with Payin3 and Lemonway

Berlin-based Mondu is expanding its distribution across Europe through new partnerships with Payin3 and Lemonway, providing businesses and marketplaces with the same ease and convenience of consumer payments and buy now, pay later options.

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Luxembourg banks pick LuxHub as VoP provider

Open banking startup LuxHub has signed up six major banks in Luxembourg to its Verification of Payee (VoP) and Routing and Verification Mechanism (RVM) technology.