'Fintech Accelerator by L'Atelier BNP Paribas': Eight Startups Embark on Open Innovation Programme
Summary
Over the next four months, the eight selected tech startups will be working on an Open Innovation programme with the aim of meeting specific needs expressed by various BNP Paribas businesses in a number of fields including inter alia insurance, payment methods, customer experience, cybersecurity, risk analysis and compliance. Explained Yoann Jaffré, Head of the Open Innovation Lab at LAtelier BNP Paribas: "We didnt really know how the startup ecosystem would react because were the first to launch this kind of FinTech accelerator. Jacques dEstais, Deputy Chief Operating Officer of the BNP Paribas Group and Head of International Financial Services, declared: "Im delighted to see a number of the Banks businesses working hand-in-hand with young startups. KYC3 (Know Your Customer, Counterparty and Competition), pairing with BNP Paribas Wealth Management: KYC operates in many dimensions -- helping to master regulatory and reputational risk end-to-end from business development through to compliance; obtaining actionable intelligence from machine learning on unstructured Big Data. LAtelier BNP Paribas takes a unique, open architecture approach which extends far beyond the banking sector, and also maintains an active presence in three key geographies that are hotbeds of innovation: Europe, North America and Asia.
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