Latest Wholesale banking News: Finextra Research

Citi invests in commercial lending platform Numerated

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

21 June 2024

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AI to impact more than half of banking jobs - Citi

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

21 June 2024

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Swiss National Bank to expand wCBDC trials

The Swiss National Bank is to expand its wholesale central bank digital currency pilot, Helvetia, for a further two years after promising results in early trials.

20 June 2024

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Commerzbank taps Pliant to launch digital card for SMEs

Berlin-based corporate card platform Pliant has secured a deal with Commerzbank for the delivery of a fully digital credit card for business customers.

20 June 2024

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EBAday 2024: Derisking correspondent banking and cross border payments

Taking to the stage on the second and final day of EBAday in Lisbon, Portugal were Erik Frantz, executive director, financial institutions – banks, CaixaBank; Roisin Levine, head of UK and Europe partnerships, Wise Platform; Rafael Linde, head, international development and global relationship management, Cecabank; Dean Sposito, head of institutional cash and trade finance, Western Europe, Deutsche Bank; and Gareth Lodge, senior analyst, payments, Celent, who moderated the session.

19 June 2024

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EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Bank.

19 June 2024

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NAB invests in Zodia Custody

National Australia Bank's venture arm has acquired a stake in Zodia Custody, joining Standard Chartered, Northern Trust and Japan's SBI Holdings as investors in the digital asset safekeeping platform.

19 June 2024

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Ageras to acquire French fintech Shine from Societe Generale

Danish accounting software fintech Ageras has entered into an exclusive agreement with Societe Generale to acquire Shine, a provider of banking and accounting software for SMEs.

19 June 2024

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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

19 June 2024

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EBAday 2024: Challenges and benefits of CBDCs

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

19 June 2024

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EBAday 2024: Tokenisation and digital identity will lead banking evolution

At EBAday 2024 in Lisbon, after a buzzing morning of introductions and a keynote to set up the themes for the rest of the conference, David Birch presented a challenge speech titled ‘Digital Money, Digital Assets, Digital Identity: The Future of Banking’.

18 June 2024

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Swiss watchdog winds up challenger bank FlowBank

The Swiss Financial Market Supervisory Authority (Finma) is opening bankruptcy proceedings against investment banking challenger FlowBank following serious and repeated breaches of its capital requirements.

18 June 2024

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