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Latest Results from /wholesale

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Fintech leads the way for UK technology investment

Fintech is back on top as the UK’s most-funded startup sector according to new analysis from HSBC Innovation Banking and Dealroom.

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BoE forecasting held back by out-of-date tech - Bernanke

The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.

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UK moves to experimentation phase of Regulated Liability Network

The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.

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European taskforce calls for T+1 alignment

A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.

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German bank LBBW enters crypto market

Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has formed an alliance with crypto custodian Bitpanda.

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Banco de Portugal's Helder Rosalino confirmed as EBAday 2024 host keynote

Rosalino will be taking to the stage to open the show in Lisbon, Portugal for this year's EBAday, exploring the roadmap for a modern and safe payments market.

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SMB financial management platform Mimo raises £15.5m

Mimo, a platform designed to simplify business-to-business payments, has raised £15.5 million in an investment round led by Northzone.

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Barclays invests in Funding Xchange

Barclays has led a Series B financing round for Funding Xchange (FXE), a provider of white-label software for lenders to SMEs. The size of the round was not disclosed.

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Ex-PayPal CEO Schulman joins Valor Capital

Former PayPal and American Express boss Dan Schulman is joining Valor Capital Group, the cross-border venture fund focused on bridging the US and Latin American technology markets.

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PE software startup raises £11m

Pactio, a UK-based fintech focused on the private equity (PE) market has completed an £11m series A funding round

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Chips migrates to ISO 20022 message format

The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.

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Lloyds Bank cuts risk dept headcount

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.