BNP Paribas Invests in Fintech

BNP Paribas has become the latest banking giant to invest in AccessFintech.


BNP Paribas is the latest banking giant to invest in AccessFintech. Source: Pixabay

France’s largest bank has joined the previously announced Series C funding round for a capital markets specialist. BNP Paribas joins companies such as JPMorgan, Goldman Sachs, Citi, Bank of America, and BNY Mellon in supporting AccessFintech. This solution will allow banks to increase the level of efficiency of the operational model of capital used in the market. The goal will be achieved through joint data processing and general documentation turnover.

France’s largest bank said the deal provides an opportunity to provide institutional and corporate clients with access to the latest technologies. The number of document management tools will be reduced.

Customers of the French lender will also be able to take advantage of the AccessFintech Synergy data collaboration network. This technical solution allows you to reduce transaction costs by working together with documents and a digital approach to personal information management.

Bruno Campenon, global head of banking, brokers, and corporations for securities at BNP Paribas, said that the new investments are part of the bank’s strategy to establish partnerships with advanced technology companies. A financial institution benefits from this interaction digitization of operational activities and expansion of service delivery capabilities.

Bruno Campenon is convinced that the quality of customer service will improve after the development of investments. Users will make financial transactions faster. The bank’s clients will also have access to optimized risk management tools.

The Bank will actively implement Gambit Financial Solutions. The goal is to put the client at the center of investment advice through technological innovation. The Bank will provide technological and digital solutions to optimize financial savings, consultations, and investment allocation.

As we have reported earlier, BNP Paribas completes transfer of global prime finance from Deutsche Bank.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.