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Latest Results from /wholesale

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FCA records 50% rise in serious cyber incidents at UK firms

Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.

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UK tech ecosystem worth $1 trillion, with fintech dominating

The UK's technology ecosystem is now worth $1 trillion, with fintech dominating the list of most valuable firms.

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Anonymous dumps 28GB of data stolen from Russian central bank

Hacking collective Anonymous claims to have released 28 gigabits of documents pilfered from the Central Bank of Ruissia.

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Bank of England joins MIT CBDC roster

The Bank of England has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.

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NatWest-backed app-only business bank Mettle records 500% customer growth

Mettle, the NatWest-backed digital account for UK small businesses, has recorded 500% customer growth since the start of 2021, reaching 50,000 customers nationwide.

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NextGen Nordics: Danske Bank announces Trade AI app

Ahead of our NextGen Nordics conference on the 27th of April 2022, we will be putting together a weekly briefing of selected top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

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Climate X raises $5.4m

London-based climate risk analytics provider Climate X has raised $5.4 million in a seed funding round co-led by CommerzVentures and A/O PropTech.

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Anonymous hacks Central Bank of Russia

Hacking collective Anonymous claims to have broken into the Central bank of Russia.

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ANZ mints first Australian dollar stablecoin

ANZ has become the first bank in Australia to execute a stablecoin transaction through a public permissionless blockchain platform.

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Cross River expands crypto services with Chainalysis

Cross River, a US provider of core infrastructure and embedded financial technology to fintech companies, has teamed up with blockchain data platform Chainalysis to expand its crypto services.

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Australian expense management startup Cape raises $33.1 million

Australian expense management startup Cape has raised $33.1m, with funding from Aura Ventures, Investible, Scalare Partners, Mercury Capital and notable business angels.

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JPMorgan Chase under fire from investors over huge tech spending - FT

JPMorgan Chase CEO Jamie Dimon is facing criticism from shareholders for failing to provide enough detail about the bank's mammoth technology spending plans and the decision to launch a digital-only bank in the UK, according to the Financial Times.