Crédit Mutuel turns to IBM for major digital revamp
All in for IBM’s AI, cloud and cybersecurity.
France
IBM steps up AI and blockchain ambitions in France
Adding 1,800 jobs and new tech training.
CFTE and Finance Innovation go upskill in France
Education with élan.
Planet of Finance unleashes RoboComplianceOfficer for worldly wealthtech
Solution to help FIs with client onboarding, risk and compliance.
Ditto teams with Bankable for UK Faster Payment Scheme API access
“A step in the right direction to help Ditto towards its ambition of becoming a borderless bank.”
Orange Bank turns to IBM Watson for virtual advisor tech
Orange is brining “unique customer experience” with its new virtual advisor, Djingo.
Metropole Gestion revamps front and middle office ops with SimCorp Dimension
French asset management firm will integrate solution across its range of equity, fixed income and diversified funds.
Barclays France in wealth management tech revamp
New owner AnaCap aims to create “the leading independent wealth manager in France”.
Lemon Way selects Accuity for financial crime compliance
Decision follows a period of growth for Lemon Way.
Fintech funding round-up: 19 February 2018
Features Lydia, Qara and Aye Finance.
Blockchain tech firm Stratumn opens public beta for IndigoTrace
Blockchain tech start-up Stratumn has launched the beta of its new plug-and-play software.
Twenty First Capital picks Profile’s Axia for asset management ops
For automating operations in France, the UK and Luxembourg.
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
BPCE signs for Meniga’s digital banking tech
Meniga’s tech will be implemented at BPCE’s Banques Populaires and Caisses d’Epargne in France.
Linxo links up with Raisin to save Europe
A Franco-German alliance targets the European savings sector.
Top fintech stories this week – 26 January 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
SAP invests €2bn for French fintech innovation ASAP
Its areas of interest include cloud, machine learning, blockchain, IoT and SaaS.
UK and France governments strike accord for fintech innovation
Tech sectors plan to get closer together with a digital conference to promote deeper integration.
BPCE targets revenue growth with €600m digital revamp
BPCE, the second largest banking group in France, is seeking revenue growth and expansion with a new €600 million “TEC 2020” digital transformation plan.
Moneythor supplies PFM tech to Orange Bank
Moneythor, a Singapore-based fintech firm, has deployed its digital banking toolkit and personalisation engine at France’s new mobile bank, Orange.
SocGen to cut jobs and close branches in 2020 plan
Société Générale has unveiled plans to cut costs and push itself forward towards digital banking – translation: the closure of branches and job cuts in France by 2020.
Wirecard provides paytech to Orange Bank
France’s latest mobile bank, Orange Bank, is getting its mobile payment and banking services underpinned by Wirecard. The paytech vendor says it is providing “all the technical components integrated into the Orange Bank platform to manage their mobile payments”.
Orange finally peels open mobile-only bank
French telecoms firm Orange has launched its delayed mobile-only bank as it looks to tap into its current customer base. As Banking Technology reported in January 2016, Orange outlined its plans for a new bank. While in April 2016, it made a significant stride in its mobile banking ambitions by acquiring a majority stake in […]
Infographic: the world’s most cashless countries
What countries among the 20 largest economies are adapting quickest to using cashless systems like phones and contactless cards? New research (and nifty infographics) from global trading site Forex Bonuses reveals that Canada takes the top spot, narrowly edging out Sweden for the top position.
Webhelp acquires regtech firm GreenPoint
Webhelp, a Paris-based customer experience and business process outsourcing (BPO) firm, has acquired fellow French tech company GreenPoint.
France is not making many friends with new tech tax idea
The French Finance Minister has put forward new proposals to shake-up the tax set-up for technology companies who are based outside of the European Union, reports Telecoms.com (Banking Technology‘s sister publication). Under the current rules, internet giants such as Google or Facebook are taxed on profits which are generated in Europe, though French Finance Minister […]
Orange puts bank on hold as it struggles to get it right
Orange has put the brakes on its ambitious plans to venture into the world of mobile banking after finding the proposition doesn’t quite meet the standards.
mBank moves into fintech vendor space with new digital banking system
Poland-based mBank has started to license its mobile and online banking system to other financial institutions outside Poland. The first taker is La Banque Postale (LBP) in France. The implementation will be carried out with the help of Accenture, mBank’s “strategic partner”. Alice Holzman, director of digital at LBP and lead of the bank’s New […]
Natixis Asset Management to test blockchain with FundsDLT
Natixis Asset Management has started testing the FundsDLT blockchain-powered platform for fund managers. The FundsDLT concept, announced last December in Luxembourg, is a collaboration between Fundsquare, IT firm InTech and KPMG Luxembourg. The platform will enable asset managers to sell funds through a new distribution channel, while doing all the other usual blockchain stuff – […]
Moneythor at heart of Crédit Mutuel Arkéa’s fintech start-up
French bank Crédit Mutuel Arkéa has chosen Moneythor’s analytical engine to be at the heart of “Max”, a personal finance assistant app for its new start-up Nouvelle Vague. Max is a mobile-only initiative of Nouvelle Vague, which operates in several cities in France (Paris, Bordeaux, Brest, Rennes etc). It will be available on 1 September […]
Travelex preps new challenger bank Ditto for launch
New banks are appearing at the double – and Ditto, a France-based mobile-driven multi-currency bank, is the latest one getting ready to launch. Ditto, which is backed by foreign exchange company Travelex, has been built from scratch over the last two years and is “managed as a separate entity” from Travelex. Ditto is based on […]
Put a SocGen in it for Euronext’s new fund investment model
Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to help investments in funds for domestic and international investors. Launched by Euronext and available from 15 May 2017, this new service will enable institutional and retail investors to place subscription/redemption orders, in a “simplified and automated manner”, through their brokers […]
Al Khaliji France moves to new core banking system, Temenos’ T24
Al Khaliji France, a Paris-based subsidiary of Qatar’s Al Khaliji Bank, has gone live with a new core banking platform, Temenos’ T24, at its branches in the UAE.
The feeling’s Crédit Mutuel for IBM Watson
Following a pilot, IBM says its Watson cognitive technology will be extended to Crédit Mutuel’s 20,000 employees and 5,000 branches in France to help with the bank’s operations. This marks the “first commercial use” of Watson by a financial institution in France to assist its staff. The bank’s customer advisors have been using Watson services […]
HSBC France revamps core banking software with SAB
HSBC France is in the process of replacing its legacy core banking system with SAB AT, provided by local vendor SAB.
BNP Paribas to buy 95% stake in French digital bank Compte-Nickel
BNP Paribas is buying a 95% stake in Financière des Paiements Électroniques (FPE), which provides the digital-only bank Compte-Nickel. BNP Paribas wants to tap into Compte-Nickel’s growth – citing its 540,000 accounts opened over the past three years and that a new account is being opened in France every 30 seconds. Compte-Nickel also offers real-time […]
Singapore and France boost fintech ties
The Monetary Authority of Singapore (MAS) has signed agreements with France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) to enhance fintech co-operation between both countries. ACPR is responsible for supervising the banking and insurance sectors in France, while AMF is an independent public authority responsible for ensuring […]
Rakuten Europe Bank opens for business with Temenos front-to-back office tech
Luxembourg-based Rakuten Europe Bank, a subsidiary of Japan’s e-commerce and internet company, Rakuten, has gone live with Temenos’ T24 core banking system and Temenos Connect for digital channels.
AnaCap to acquire Barclays’ French retail banking & wealth management ops, complete IT overhaul planned
AnaCap Financial Partners, a UK-based private equity firm, is set to acquire Barclays’ French retail banking business, life insurance business, wealth and investment management and brokerage operations.
Banque de France to modernise payments tech with Sopra Banking Software
Banque de France’s banking services department has embarked on a major technology overhaul programme. It will work with a domestic software provider on this project, Sopra Banking Software, which is part of the Sopra Steria group.
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