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BNP Paribas fined $246m for FX misdemeanours

BNP Paribas

BNP Paribas has been hit with a $246 million fine by the US Federal Reserve System relating to past misconduct in its foreign exchange (FX) business. The Paris-based bank says it will pay the fine and has settled Federal Reserve allegations that it failed to keep its FX traders from using electronic chatrooms to manipulate […]

Fintech funding round-up: 17 May 2017

Funding concept with smartphone

Quickly following on from the cash flow glow of 15 May, here’s another fintech funding round-up. Features Additiv, BZ Bank, Symphony, BNP Parabis and IOTA. Zurich-based digital finance provider Additiv knows how to stay healthy as it has secured its first capital investment funding round of CHF 21 million ($21.3 million). The round was headed […]

BNP Paribas and Carrefour give mobile wallets a Lyf

597px-Drapeau_de_la_France

France’s retail giant Carrefour and BNP Paribas have joined forces to launch Lyf Pay, a new mobile wallet that supports in-store and P2P transactions as well as loyalty cards, coupons and offers. Banking Technology‘s sister publication Paybefore reports that Lyf Pay originates from the merging of previous mobile payment technologies – Wa! from BNP Paribas […]

Top fintech stories this week – 7 April 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

BNP Paribas to buy 95% stake in French digital bank Compte-Nickel

France's Guillot: regulators must take action to protect markets

BNP Paribas is buying a 95% stake in Financière des Paiements Électroniques (FPE), which provides the digital-only bank Compte-Nickel. BNP Paribas wants to tap into Compte-Nickel’s growth – citing its 540,000 accounts opened over the past three years and that a new account is being opened in France every 30 seconds. Compte-Nickel also offers real-time […]

IBM in major IoT drive with new partners

IBM working with Standard Life and ING Direct Australia

IBM has unveiled a large ecosystem initiative as it opens the doors of its new $200 million global headquarters for its Watson Internet of Things (IoT) business in Munich, Germany. BNP Paribas, Capgemini and Tech Mahindra are some of the firms who will place development teams at the IBM centre. Harriet Green, general manager, IBM […]

Fintech accelerator round-up: 14 February 2017

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You can read about fintech accelerators quickly with our latest round-up. Featuring RBS, BNP Paribas, Ben Franklin Technology Partners and the info on how to apply. Scotland has got its “first” fintech accelerator with the launch set for May. The new hub will be based in Royal Bank of Scotland’s (RBS) Entrepreneurial Spark business centre […]

BNP Paribas to invest €3bn in digital transformation

BNP Paribas says its new tools will help investment banks handle EMIR and Dodd-Frank

BNP Paribas has unveiled a new 2017-2020 business development plan – building the bank of the future. €3 billion will be invested in the programme.

Top fintech stories this week – 23 December 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! The last weekly news round-up of 2016. Happy holidays from everyone at Banking Technology!

BNP Paribas trials blockchain payments for two corporate clients

BNP Paribas bets on blockchain

BNP Paribas has processed “several live payments” using blockchain technology for two of its corporate clients, Amcor and Panini Group.

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