2022 integrated report

To support all of its customers, BNP Paribas works over the long term with carefully selected fintechs, via partnerships, equity investments or acquisitions. With one key requirement: to offer solutions that meet the best market standards.

In line with its GTS 2025 strategic plan, BNP Paribas is working with fintechs to accelerate the deployment of targeted technological innovations, which will enable it to position itself as a trusted partner of its customers in the field of banking services and beyond.

A single solution for international payments

In order to support companies in their international development, in October 2022 the Group signed an agreement to acquire Kantox, a leader in automated foreign exchange risk management, following a first strategic partnership signed in 2019. Automating the management of foreign exchange transactions on an API⁽¹⁾-based platform, Kantox’s exclusive technology offers companies a unique solution in international B2B payments.

Partnerships for sustainable development and technological innovation

For BNP Paribas Asset Management, partnerships with fintechs are opportunities to make good progress, whether on ESG⁽²⁾ issues or in terms of digital innovation. Thus, the asset manager has launched, along with Matter, a Danish fintech specialising in sustainability insights, “SDG Fundamentals”: an innovative solution to analyse the alignment of companies’ revenues with the United Nations’ 17 Sustainable Development Goals (SDGs).
The data covers more than 50,000 issuers. In addition, by investing €20m over four years in its subsidiary Gambit Financial Solutions, BNP Paribas Asset Management is giving this fintech the means to develop a range of off-the-shelf technological services aimed at creating innovative digitalised savings and investment journeys.

Automated reporting for SMEs

Also mobilised to enrich its offering for the benefit of small and medium-sized companies, BNP Paribas Fortis has partnered with EMAsphere to provide them with a Software as a Service (SaaS) platform which links accounting and financial data in real time. By automating reporting, the solution helps them manage their business to better prepare for the future.