The french bank is launching a new fund that will invest in fintech startups; the fund will be managed by BNP Paribas’ Capital Partners and will also allocate to venture capital funds in areas such as ai, blockchain, cyber security and blockchain; Jacques d’Estais, BNP Paribas group deputy COO and head of international financial services stated, “At BNP Paribas, we’re firmly convinced that Open Innovation is a powerful driver for the transformation that will help to build the bank of tomorrow and enable us to continue to provide our clients with high value-added products and services.” Source
