France
Worldline Launches Solution to Help Companies Enter the Metaverse
French payments company Worldline is launching a white-label solution for companies to enter into the Metaverse without any prior experience. This white-label solution is suitable for any company developing a Metaverse strategy and looking for a cost-effective way to get
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Metaverse Initiatives Proliferate in France Amid Govt Push
In France, initiatives to develop immersive, shared virtual environments are proliferating on the back of increased interest from both the government and the business community in the prospect of the metaverse to reinvent customer engagement, enrich experiences and showcase the
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France, Luxembourg and EIB Conduct Joint Wholesale CBDC Experiment
The Banque de France, Banque centrale du Luxembourg and European Investment Bank (EIB) successfully conducted a wholesale central bank digital currency (CBDC) experiment. The experiment, known as the Venus initiative, involved a 100 million euro digital native bond issuance by
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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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