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Latest Results from /wholesale

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Chancellor asks Royal Mint to create NFT

The UK government has commissioned the Royal Mint to create an NFT as part of a push to make the country a "global hub for cryptoasset technology".

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IFGS 2022: Are fintechs biting off more than they can chew?

Molten VC’s and moderator for IFGS session ‘Chomping on the (uni)(deca)corn’ Bindi Karia set the scene with some striking statistics around investment in the UK and global fintech industry.

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Qred moves into B2B payments; raises €10 million

Swedish credit scoring platform Qred has raised €10 million to support the launch of a new B2B payments platform for small businesses.

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Mastercard poaches Goldman Sachs transaction banking IT lead as head of B2B

Mastercard has appointed Goldman Sachs' head of digital for transaction banking Chad Wallace as executive vice president for B2B Solutions.

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MarketFinance eyes Unicorn status on move into embedded finance

Hitting profitability in 2021, digital lender MarketFinance is wading into the embedded finance market as it shoots for Unicorn status.

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BIS releases 'game-changing' SupTech prototype

The BIS Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) have developed a new prototype platform that integrates regulatory data with articles and news to help identify potential risks to individual banks and the banking system.

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Modern Treasury raises $50m

Payments orchestration platform Modern Treasury has topped up its Series C funding round with an extra $50 million from SVB Capital and Salesforce Ventures.

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FCA extends temporary crypto registration deadline

The UK's Financial Conduct Authority is extending the 31st March deadline for a group of crypto firms to secure full registration.

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Oxbury closes Series C, acquires software provider Naqoda

Agricultural challenger bank Oxbury has acquired Naqoda, the provider of the bank's cloud-based core banking platform, with the aim of becoming a software-as-a-service provider for the wider fintech and banking industry.

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OakNorth reports 73% increase in pre-tax profits

UK small business lender OakNorth is reporting a stellar performance in 2021, posting a 73% increase in pre-tax profits to £134.5 million and a 60% increase in new lending to £1.8 billion.

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Goldman Sachs to buy pension robo-advisor NextCapital

Goldman Sachs has agreed to buy NextCapital, a robo-advisor for corporate retirement plan participants. Financial terms were not disclosed.

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Papaya Global to acquire Azimo

Global staff management and payroll platform platform Papaya is to acquire remittance outfit Azimo, in a deal that will male it possible to pay employees almost instantly regardless of geography and typical payroll limitations.