Tag Archives: BNP Paribas

BNP Paribas to use GTS technology

Reported by | Updated: November 16, 2017

BNP Paribas said it will make use GTS technology to improve pricing for its clients and boost its market share of US treasury trading. Olivier Osty, executive head of global markets at BNP, said, based on the partnership, the bank aimed to boost its share in US Treasury trading from 1.5 to 5% over the […]

BNP Paribas to use TCS Quartz

Reported by | Updated: October 23, 2017

BNP Paribas is collaborating with Tata Consultancy Services in an attempt to transform the corporate events lifecycle through the use of blockchain technology. Corporate actions processing is one of the most complex areas of asset servicing as information on the multitude of corporate actions taking place every year is processed and cascaded down to investors […]

BNP Paribas acquires UK property firm

Reported by | Updated: August 1, 2017

BNP Paribas will acquire UK property firm Strutt & Parker and merge it with its own UK property arm BNP Paribas Real Estate UK. The combined entity will have business of £180 million a year, which is more than double the turnover of the BNP Paribas property arm. Andy Martin, senior partner at Strutt & […]

BNP Paribas acquires online bank Compte Nickel

Reported by | Updated: April 5, 2017

BNP Paribas is buying online retail banking service Financiere des Paiements Electroniques, as a step towards the bank’s efforts in hiking its investments in the digital banking sector. Financiere des Paiements Electroniques provides payments accounts for Compte Nickel, an online French retail banking service. The financial terms of the deal were not disclosed by the […]

BNP Paribas unit buys stake in AI company

Reported by | Updated: February 6, 2017

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 […]

Hong Kong regulator fines BNP Paribas unit

Reported by | Updated: September 1, 2016

The Securities and Future Commission of Hong Kong has fined the wealth management unit of BNP Paribas with HK$4 million for overcharging clients between 2011 and 2013. The regulator said BNP Paribas Wealth Management had overcharged clients an aggregate HK$9.5 million over 2,300 equity, bond, structured product, fund and derivative transactions. It said the unit […]

BNP Paribas looks to cut 675 jobs in French unit

Reported by | Updated: April 15, 2016

BNP Paribas is looking to cut as many as 675 roles at its corporate and institutional bank in France. Regarding to the lay-off plans, the bank has presented a voluntary redundancy plan in front of employee unions. The bank has said earlier it has plans to save more than € 1 billion by 2019 to […]

KBL agrees to buy BNP Paribas unit

Reported by | Updated: April 13, 2016

The Luxembourg-based wealth manager KBL European Private Bankers SA, owned by Qatar’s Al-Thani family has agreed to acquire Amsterdam-based Insinger de Beaufort from BNP Paribas SA and other shareholders. KBL said it plans to combine its Theodoor Gilissen business with Insinger de Beaufort to create a Dutch private bank managing more than 20 billion euros ($ […]

BNP Paribas to offer blockchain tools

Reported by | Updated: April 6, 2016

BNP Paribas Security Services has entered in a partnership with investment platform SmartAngels to pilot a blockchain technology that will enable private companies to issue securities. The project will see BNP Paribas developing and managing a registry for shares in private companies using the blockchain that in turn will automatically register securities issued by SmartAngels. SmartAngels […]

BNP Paribas service to help ecom sites

Reported by | Updated: March 18, 2016

BNP Paribas is launching a new service to help e-commerce sites and online marketplaces comply with European Union and French regulations. The compliance service addresses online marketplaces’ role in collecting transactions on behalf of their retailers. BNP Paribas Cash Management is offering the service to provide credit institution agency status to online marketplaces. The service […]