France

BNP Paribas Launches Fintech Marketplace Panto

The autonomous fintech was created thanks to the partnership between BNP Paribas and the 321founded Corporate Startup Studio to develop an innovative, secure solution. Co-founded by the entrepreneurial team at 321founded and BNP Paribas, Panto offers a marketplaces with a

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Digital Banking Adoption Rises X3 in France

Digital banking is booming in France, reaching a total of 25 million users in 2022, data from C-Innovation show. The figure represents an increase of more than threefold over a four year period and marks an impressive rise from the

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N26 Launches Local IBAN Accounts in France

N26 announced the launch of its French IBAN bank accounts. Aimed at combating IBAN discrimination, the French IBAN gives French consumers another reason to leverage N26 as their primary bank account. Starting today, all new N26 customers in France will

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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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