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Latest Results from /wholesale

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Tide rolls out B2B BNPL product on £100 million debt raise

Tide is to roll out a BNPL pay-in-four credit product to all elgible clients after securing a £100 million debt facility from Fansanara Capital.

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Smarter, faster, still relevant: Experts weigh future of US payment systems

Nacha’s Smarter Faster Payments conference in New Orleans highlighted the growing momentum behind real-time payments, emphasising their transformative potential across commercial and technological verticals. Yet, amid this digital shift, sessions also acknowledged the enduring relevance of traditional rails like wire transfers, ACH, and even cheques - each facing its own modernisation challenges.

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Finastra releases message transformation service for MT to ISO 20022 switch

Finastra has launched a message format translation service for banks switching from Swift MT messages to the new ISO 20022 MX standard.

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Banking’s safest job? AI roles jump 13% amid layoffs

The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.

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BNP Paribas aims for improved resilience with new IBM Cloud deal

BNP Paribas is to dedicate a new area in its data centres for IBM Cloud services as part of an effort to strengthen resilience and meet new laws under the EU's Digital Operational Resilience Act (Dora).

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JPMorgan CISO: SaaS model enabling cyber attacks

The chief information security officer at JPMorgan Chase is calling on third party software providers to prioritise security over speed to market, warning that the shift to a SaaS delivery model is creating "substantial vulnerability".

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Nacha: 80% of banks would reject clients if they processed cryptocurrency

Smarter Faster Payments in New Orleans saw representatives from the Federal Reserve Bank, Citizens, EPCOR and Nacha come together to share their personal views on the potential of blockchain for cross-border transactions and financial inclusion - amid a need for better understanding of digital assets, as well as concerns around anonymity and regulatory uncertainty.

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UK unveils draft crypto laws

The UK government has published draft legislation that will bring crypto firms into the regulatory perimeter.

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Mastercard invests $300m in Corpay cross-border business

Mastercard is paying $300 million for a three per cent stake in the cross-border business of corporate payments outfit Corpay.

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FCA to provide live AI testing service for financial firms

The Financial Conduct Authority is to launch a live AI testing service to help firm deploy safe and responsible artifical intelligence models.

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London fintech Navro raises $41 million

Navro, the London-headquartered fintech that simplifies international payments for businesses, has raised $41m in a Series-B funding round to jump start global expansion.

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Corporate card firm Pliant snags $40 million in funding

Berlin-based corporate card platform Pliant has raised a $40 million Series B equity round to fuekl its expansion to the US.