Latest Wholesale banking News: Finextra Research

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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Swift bids to connects VoP schemes across Europe

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

18 June 2024

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Finextra launches NextGen:AI, a new event defining AI's future in financial services

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

14 June 2024

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Wells Fargo fires employees for 'simulating' keyboard activity

Wells Fargo fired several employees for faking work by using "mouse jigglers" to simulate computer activity, according to Bloomberg.

14 June 2024

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Paxos lays off 20% of staff

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

13 June 2024

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Co-op Bank glitch hits business customers after payments taken twice

The Co-op Bank hs apologised to customers after a computer glitch resulted in duplicate transactions, pushing some small business owners into their overdrafts.

12 June 2024

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BIS and MAS map blueprint for assessing bank climate risk

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.

12 June 2024

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Danish fintech Ageras eyes acquisitions

After posting a profit for 2023, Danish accounting software fintech Ageras has set its sights on securing one or two "major acquisitions".

12 June 2024

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EBAday 2024: Fintech Zone finalists revealed!

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

11 June 2024