Tagged: bnp paribas

United Fintech Acquires Investments from BNP Paribas and Citi

BNP Paribas (EPA: BNP) and Citi (NYSE:C) have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks “with other leading strategic investors… Read More

BNP Paribas Release Alternative Investment Survey Findings

BNP Paribas (EPA: BNP), Europe’s global bank, and its Prime Services business published its annual 2024 Alternative Investment Survey. BNP Paribas’ Capital Introduction Group “surveyed 238 allocators in December 2023 and January 2024, who invest or advise on $1.2 trillion in hedge fund assets.” This… Read More

BNP Paribas Wealth Management Shares Key Investment Themes and Outlook for 2024

In 2024, a few select trends could guide investors’ portfolio allocation, according to an update shared by BNP Paribas (EPA: BNP). First, the impact of higher interest rates that has “not yet been fully reflected in growth and some shortages of commodities and consumer goods… Read More

Justin Orgel of Marigold: Industry Veteran Comments on Concerns Consumers Have Regarding Data Collection by Financial Institutions

We recently connected with Justin Orgel from Marigold, a global MarTech that works with over 40,000 brands and organizations worldwide to help them identify and create strong relationships with their customers. The company offers industry-tailored MarTech and loyalty solutions that support the entire customer lifecycle… Read More

Institutional Investors Are Mobilizing Capital Towards Investments that Will Deliver Positive Impact, BNP Paribas Report Claims

A BNP Paribas survey of 420 asset owners and managers, hedge funds and private equity firms shows that institutional investors are mobilizing capital towards investments that will deliver measurable positive impacts alongside financial returns. Despite data constraints posing the biggest barrier to ESG integration, “especially… Read More

FIA Tech, a Futures Industry Technology Provider, Raises Additional $25.4M

FIA Tech, which claims to be a leading futures industry technology provider, announced that it raised an additional $25.4 million in a funding round “led by six existing shareholders, Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan and Wells Fargo, in addition to BNP… Read More

BNP Paribas Joins LendInvest’s £300M Mortgages Financing

LendInvest PLC (AIM: LINV) has revealed that BNP Paribas SA joined its £300 million financing syndicate with HSBC Holdings PLC and Barclays PLC in order to support the ongoing growth of its short-term mortgages. LendInvest is a London-headquartered  non-bank mortgage lender, and BNP Paribas is… Read More

France: Authorities Search Five Big Banks Regarding Allegations of Fraud, Money Laundering

The French national financial prosecutor’s office (Parquet Financier National – PFN) announced today that it has engaged in multiple search operations at five banking and financial services firms located in Paris and La Defense (a suburb of Paris). According to the prosecutor, the actions are… Read More

BNPL: Fintech Hokodo, BNP Paribas to Launch a Buy Now, Pay Later Solution

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.” Together, BNP Paribas and Hokodo will “offer… Read More

Carbonplace Announces New CEO, Secures $45 Million in Funding

Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More

BNP Paribas Asset Management Appoints Geoff Dailey as Head of US Equities

BNP Paribas Asset Management (BNPP AM) announces the appointment of Geoff Dailey as Deputy Head of US Equities, with effect from February 2023. He will succeed Pamela Woo as Head of US Equities “following her planned retirement at the end of June 2023.” Pamela retires… Read More

BNP Paribas, SimCorp to Offer Connected Banking, Insurance Accounting Solution

The Securities Services business of BNP Paribas, a global multi-asset servicing specialist with EUR 10.8 trillion in assets under custody and EUR 2.3 trillion in assets under administration, has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, in order “to… Read More

BNP Paribas Joins AccessFintech Series C Round

BNP Paribas announces a strategic investment in AccessFintech, which claims to be a leading fintech company “evolving the capital markets’ operating model through data and workflow collaboration.” The investment is being “made by BNP Paribas’s Securities Services unit, the bank’s post-trade arm.” It will “enable… Read More

Risk Management Firm Acin Receives Investment from JP Morgan, Citi, BNP Paribas, Barclays, Lloyds Banking Group

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

BNP Paribas Asset Management Acquires Majority Stake in International Woodland Company

BNP Paribas Asset Management announces the acquisition of a majority stake in Danish natural resources specialist International Woodland Company (IWC). IWC is headquartered in Copenhagen and reportedly “has more than 30 years’ experience in providing investment management and advisory services within sustainable timberland investments, agriculture… Read More

BNP Paribas to Acquire Kantox, a Fintech for Automation of Currency Risk Management

BNP Paribas (EPA: BNP) is pleased to announce the signature of an agreement for the acquisition of Kantox, a Fintech for the automation of currency risk management. FT Partners advised Kantox on its sale to BNP Paribas. Kantox’s software solution has “managed to successfully re-bundle the… Read More

Berlin’s Upvest Selects BNP Paribas Securities Services for Custody, Settlement Services

Upvest has selected BNP Paribas Securities Services to provide custody, clearing and settlement services. Recently, Upvest successfully “closed its $42m Series B financing with lead investor Bessemer Venture Partners – one of Germany’s biggest fintech fundings of the year.” The selection of BNP Paribas Securities… Read More

Sonovate Announces £165M Securitization with BNP Paribas, M&G Investments

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced that it has completed a securitization deal with BNP Paribas and M&G Investments, “adding £165 million to its funding structure.” The deal is “an endorsement of Sonovate’s position as a Fintech… Read More

Matter, BNP Paribas Asset Management to Launch ‘SDG Fundamentals’ Revenue Alignment Data Solution

BNP Paribas Asset Management (BNPP AM) and Matter, a Danish Fintech specializing in sustainability insights, recently announced the launch of ‘SDG Fundamentals’, an innovative data solution. This dataset “enables investors to analyze the extent to which company[1] revenues are aligned – or misaligned – with… Read More

BNP Paribas Invests in Fintech VC Fund Managed by Anthemis

BNP Paribas (EPA: BNP) has reportedly made its first investment in a Fintech VC fund managed by Anthemis. The investment is being made via the French banking institution’s Global Markets Strategic Investments division, which actively invests in high-growth Fintech firms. It further solidifies the existing… Read More