Tagged: france

PayPal Launches “Buy Now, Pay Later” Installment Solution in France

PayPal (NASDAQ: PYPL) announced on Thursday it is expanding its “buy now, pay later” solutions to France, with a new installment product that will enable customers to split purchases into four equal payments over three months, nearly anywhere PayPal is offered. According to PayPal, the… Read More

French Financial Giant Société Générale Acquires Neobank Shine to Better Serve Clients looking for All-Digital Services

Paris-based Société Générale S.A., a French multinational investment bank and financial services company with around €1.3 trillion in assets, is reportedly acquiring Shine, a French neobank for business owners. The acquisition might be worth approximately €100 million, according to estimates from industry participants. Established about… Read More

Biometrics and Facial Recognition ID Solution Provider IDEMIA Launches Eco-Friendly Payment Card with Treezor and French Fintech OnlyOne

France’s IDEMIA, a global company focused on providing security and identity solutions, including facial recognition systems and related biometric ID verification services (with over $3 billion in yearly revenue), and Treezor have launched an eco-friendly payment card by Onlyone, a French Fintech company. The announcement… Read More

AI Fintech ubble Secures Over $11 Million in Capital to Develop Digital ID Verification Product using Biometric Facial Recognition

France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition…. Read More

French Independent Bank Memo Bank Receives Authorization From the European Central Bank & French Banking Authorities to Launch Banking Services; Raises $23 Million Through Investment Round

Memo Bank, a France-based independent banking group, announced earlier this week it has been authorized by the European Central Bank (ECB) and the French banking authorities (ACPR) to launch their banking services. Founded in 2017, Memo Bank states it is on a mission to provide… Read More

Open Banking: European Countries Need to “Harmonize” their Approach to Open Finance, Andréa Toucinho from Partelya Consulting Suggests

Andréa Toucinho, the Director of Studies, Prospective and Training of Partelya Consulting and Country Ambassador for France of European Women Payments Network (EWPN), notes that it’s necessary to develop a European vision or roadmap for adopting Open Banking and Open Finance platforms. She suggests that… Read More

Marketplace Lender October Adds new Predictive Risk Tool to Platform Facilitating Instant Loans

October, an online lender serving European SMEs, has launched a new predictive risk tool to instantly respond to requests for State Guaranteed Loans. Like other regions, the COVID-19 crisis has hit European businesses hard. In order to help them get back on their feet, the… Read More

Brussels based Fintech iBanFirst Secures €21 Million in Capital via Series C led by Elaia, Bpifrance Large Venture

Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B… Read More

First Regulated Utility Coin Issued in France, FICO Trades on Zebitex

As was previously announced, FICO or French-ICO has commenced trading on the Toulouse, France based cryptocurrency exchange Zebitex. French-ICO is a primary issuance platform for firms interested in raising capital via a digital asset offering. FICO was the very first initial coin offering (ICO) to… Read More

Securities Services Division of BNP Paribas to Use Natural Language Generation to Provide Concise Executive Summaries

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, is reportedly using Natural Language Generation (NLG) to prepare concise, one-page executive summaries for its custody customers. BNP Paribas explained that NLG helps it convert… Read More

New York Department of Financial Services Signs Fintech focused MoU with French Prudential Supervision and Resolution Authority

The New York Department of Financial Services (NYDFS) has reportedly become the first state regulator to commit to a Fintech Memorandum of Understanding (MOU) with the French Prudential Supervision and Resolution Authority, an independent administrative authority, which oversees the activities of banking institutions and insurance… Read More

First French ICO to Receive Regulatory Approval Completes Offering

French ICO, the first initial coin offering (ICO) that received a Visa from the French Autorité des Marchés Financiers (AMF), has completed the offering. According to a public statement, French-ICO collected 574.85 ETH, which was 115% of the soft cap for the FICO tokens. The… Read More

The French Competition Authority has Released a Consultation Paper, Seeking Feedback on Fintech, Blockchain, and Digital Asset Regulations

The French competition authority (ADC) has launched a public consultation on the Fintech industry in the country. The ADC is looking for feedback on the potential role of large digital platforms in the payments sector. It’s also seeking input regarding  new payment service providers and… Read More

Cofounder Talks about Chain Accelerator Joining ON-X, Paris Blockchain Week, Deep Tech, and the Future of Blockchain in France and Elsewhere

  Chain Accelerator, an international startup accelerator specialized in the blockchain and cryptocurrency sector, announced it has been acquired by ON-X, a larger French consulting group specialized in digital innovation and digital integration. Chain Accelerator was founded in 2018 by Michael Amar and Nicolas Cantu,… Read More

France: Société Générale Completes First Central Bank Digital Currency Transaction

Société Générale, a top French bank, has completed the first central bank digital currency (CBDC) transaction. According to a statement by Societe Generale SFH, a subsidiary of Société Générale, the company has issued 40 million euros in covered bonds in the form of “security tokens”… Read More

France: Second AMF Approved Initial Coin Offering is For WPO’s GreenToken – a Tradable Utility Token

France has created a unique regulatory regime for the issuance and trading of digital assets that are utility tokens. Under French law, an initial coin offering (ICO) issuer may apply for a “visa” to offer a utility token. If approved, the issuer may publicly promote… Read More

Bilal el Alamy of Equisafe: We have chosen Tezos for its community, security, scalability and ability to adapt

Equisafe is a Fintech company specialized in asset tokenization whose solutions are based on the Tezos protocol. This week, Equisafe’s President and co-founder, Bilal el Alamy, unveiled a partnership with the real estate asset management company Koytcha Immo.  Below is a discussion with el Alamy… Read More

Koytcha Immo Enlists Equisafe to Provide Digital Asset Solution and Tokenized Real Estate Opportunities

Equisafe, a digital asset solution and tokenization platform based in France, has been selected by Koytcha Immo based in Reunion. The collaboration was conducted with the assistance of Tezos Réunion, the Indian Ocean branch of the Tezos project. Koytcha Conseil is a wealth management firm… Read More

Since January, the French Autorité des Marchés Financiers Has Whitelisted Just ONE ICO

France has been recognized as quickly crafting a digital asset friendly regulatory environment while some other jurisdictions struggled to move. The concept of digital securities and non-security crypto assets found support from policymakers and a law was enacted to create a structure for initial coin… Read More

STOKR Partners with Lemon Way Enabling Payment Gateway for Security Token Issuance

STOKR S.A. has partnered with payment platform Lemon Way S.A.S, thus allowing for registration with the French financial regulator Autorité de Control Prudentiel et de Resolution (ACPR) as payment service agent (a​gent prestataire de services de paiement​). STOKR is now subject to the supervision of… Read More

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