BNP Paribas Securities Services has bought a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring. Fortia’s Innova platform helps asset managers and asset owners ensure they have the right controls in place to monitor the compliance of their funds with local and international regulatory requirements. The French bank was interested in the company because of its participation in a fintech and corporate accelerator program hosted by L’Ateleir BNP Paribas in 2016. The bank plans to use the company’s products within its depository banking business as well as provide finance and guidance to the firm as it grows its business.
