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Latest Results from /wholesale

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Sustainability fintech WeeFin raises €25 million

WeeFin, a fintech that helps financial institutions manage their sustainability strategies, has completed a €25m financing round Series B, led by Blackfin Capital Partners.

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10x opens exploratory talks over possible sale

Former Barclays chief Antony Jenkins is reportedly weighing a sale of 10x, the core banking startup he founded almost a decade ago.

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FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

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PayPal invests in Latin American spend management platform Mendel

Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.

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Axis Bank and JP Morgan launch blockchain-based 24/7 cross border payments

Private sector bank Axis becomes the first Indian financial institution to offer near-real-time, 24/7 programmable USD clearing for its commercial clients with JP Morgan’s digital assets unit Kinexys.

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Standard Chartered launches GenAI tool worldwide

Standard Chartered is rolling out a Generative AI tool to tens of thousands of employees around the world.

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Australia's CommBank opens collaborative Tech Hub in Seattle

Australia's Commonwealth Bank has opened a dedicated Tech Hub in Seattle to equip its IT staff with first-hand experience of emerging developments in cuting-edge technologies, such as AI and cloud.

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Robinhood moves into wealth management and private banking

Stock trading app Robinhood continues to build out its product suite, adding wealth management and private banking services, as well as an AI investment tool.

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AI compliance platform Flagright raises $4.3 million

AI-native AML compliance platform Flagright has raised a $4.3 million Seed round to fund international expansion.

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Mercury scores $300 million Series C

Mercury, a provider of banking services for enterepreneurs and the tech industry, has secured $300 million in Series C funding at a $3.5 billion valuation.

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TD dominates 2024 bank fines chart

Banks around the world paid $4.5 billion in major fines in 2024, with TD Bank accounting for two-thirds of the total after it pleaded guilty to violating US anti-money laundering federal laws.

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German government not aware of plans to readmit Russian banks to Swift

The German government says it is not aware of any plans to accept Russia's demand to have banks readmitted to the Swift messaging system.