France

Finastra Partners Fragmos Chain to Digitalise OTC Derivatives Post-Trade

Finastra is collaborating with French blockchain platform Fragmos Chain to provide out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution. The API-first integration via FusionFabric.cloud enables banks globally to digitalise their OTC derivatives products to reduce the costs

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France’s Karmen Raises €50M Credit Line From Fasanara to Finance Digital SMEs

Paris-based business financing platform Karmen has raised an additional €50 million in debt financing from London-based alternative asset management company Fasanara Capital. Karmen first raised €22 million comprising €3 million in equity and €19 million in debt financing in a

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BNP Paribas to Acquire Currency Risk Management Company Kantox

French banking group BNP Paribas announced plans to acquire UK currency risk management company Kantox, building on the companies’ existing partnership which started in 2019. Kantox’s software solution helps companies automate their entire foreign exchange workflow, including risk analysis and

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Crypto.com to Invest €150 Million to Establish Paris as Its European Headquarters

Crypto.com announced plans to invest €150 million in France to support the establishment of its market operations and regional headquarters in Paris. The announcement comes shortly after the cryptocurrency platform was cleared to operate in France as a Digital Asset

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Worldline Selected as Global Payments Provider to the Lufthansa Group

French payments company Worldline has been selected as a payments provider to the Lufthansa Group, the aviation group which operates Germany’s flag carrier. The partnership will give the Lufthansa Group the possibility to onboard a selection of Worldline solutions, from

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French Social Trading App Shares Backed by Serena and Venus Williams

Paris-based social trading app Shares has brought on tennis legends Venus and Serena Williams as investors and its first ambassadors. The news follows the company’s US$40 million Series B round in July led by Peter Thiel’s Valar Ventures. Shares combines

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Crypto.com Can Now Operate in France

Crypto.com has been cleared to operate in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The company stressed that it was subjected to

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France Central Bank Officer Praises the Potential of Open Finance

The European Union (EU) was among the world’s pioneers in open banking regulation, adopting since the late 2000s a series of directives to allow new types of market players to provide payment services alongside credit institutions, ultimately increasing competition and

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Checkout.com to Acquire French Identity Verification Startup Ubble

As part of its drive to expand its financial services offering, global cloud-based payments provider Checkout.com announced its intent to acquire digital identity verification (IDV) startup, ubble. The deal—slated to close later this year pending regulatory approval—comes amid the continued

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Binance Is Now a Fully Regulated Digital Asset Service Provider in France

Binance announce that Binance France has been granted a Digital Asset Service Provider (DASP) registration by the Autorité des marchés financiers (AMF) with the approval of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).  This milestone achievement represents Binance’s

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