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Natixis Asset Management to test blockchain with FundsDLT

Natixis Asset Management

Natixis Asset Management has started testing the FundsDLT blockchain-powered platform for fund managers. The FundsDLT concept, announced last December in Luxembourg, is a collaboration between Fundsquare, IT firm InTech and KPMG Luxembourg. The platform will enable asset managers to sell funds through a new distribution channel, while doing all the other usual blockchain stuff – […]

Moneythor at heart of Crédit Mutuel Arkéa’s fintech start-up

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French bank Crédit Mutuel Arkéa has chosen Moneythor’s analytical engine to be at the heart of “Max”, a personal finance assistant app for its new start-up Nouvelle Vague. Max is a mobile-only initiative of Nouvelle Vague, which operates in several cities in France (Paris, Bordeaux, Brest, Rennes etc). It will be available on 1 September […]

BNP Paribas and Carrefour give mobile wallets a Lyf

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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 […]

Travelex preps new challenger bank Ditto for launch

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New banks are appearing at the double – and Ditto, a France-based mobile-driven multi-currency bank, is the latest one getting ready to launch. Ditto, which is backed by foreign exchange company Travelex, has been built from scratch over the last two years and is “managed as a separate entity” from Travelex. Ditto is based on […]

Put a SocGen in it for Euronext’s new fund investment model

Société Générale

Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to help investments in funds for domestic and international investors. Launched by Euronext and available from 15 May 2017, this new service will enable institutional and retail investors to place subscription/redemption orders, in a “simplified and automated manner”, through their brokers […]

Al Khaliji France moves to new core banking system, Temenos’ T24

Al Khaliji

Al Khaliji France, a Paris-based subsidiary of Qatar’s Al Khaliji Bank, has gone live with a new core banking platform, Temenos’ T24, at its branches in the UAE.

The feeling’s Crédit Mutuel for IBM Watson

IBM Watson

Following a pilot, IBM says its Watson cognitive technology will be extended to Crédit Mutuel’s 20,000 employees and 5,000 branches in France to help with the bank’s operations. This marks the “first commercial use” of Watson by a financial institution in France to assist its staff. The bank’s customer advisors have been using Watson services […]

Orange peels open mobile-only bank

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French telecoms firm Orange has launched its mobile-only bank as it looks to tap into its current customer base. As Banking Technology reported in January 2016, Orange outlined its plans for a new bank. While in April 2016, it made a significant stride in its mobile banking ambitions by acquiring a majority stake in financial […]

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 […]

Singapore and France boost fintech ties

France and Singapore Flags

The Monetary Authority of Singapore (MAS) has signed agreements with France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) to enhance fintech co-operation between both countries. ACPR is responsible for supervising the banking and insurance sectors in France, while AMF is an independent public authority responsible for ensuring […]

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