7 French Financial Firms to Build Blockchain Infrastructure for SMEs
A seven-strong consortium has joined forces to explore how blockchain technology could help lower the cost of providing post-trade settlement services to small- to medium-sized enterprises (SMEs). BNP Paribas Securities Services, Caisse des Dépôts, Euroclear, Euronext, S2iEM, Société Générale and Paris EUROPLACE revealed that they have signed a memorandum of understanding to create the initiative. By combining their money and expertise, the group hope that they can harness the blockchain technology reducing financial costs and improving SME’s access to capital markets. The group will also....
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Seven financial institutions have combined forces to explore how blockchain tech could help lower the costs of providing post-trade settlement services to small- to medium-sized enterprises (SMEs). BNP Paribas Securities Services, Caisse des Dépôts, Euroclear, Euronext, S2iEM, Société Générale and Paris EUROPLACE announced today they have signed a memorandum of understanding to develop the initiative. By lowering the costs of post-trade services, the group says SMEs could better access to financing through the capital markets. The partnership will also consider launching an independent....
This October, Paris will be welcoming the first French-speaking Bitcoin conference in the Euro zone, an event that will feature prominent names in the industry including representatives from BlockChain.info, the Bitcoin Foundation and political French figures. Euro Bitcoin will take place on October 8 2014 at the François Mitterrand site of the Bibiliothèque nationale de France (French National Library) in Paris and CoinTelegraph is proud to announce that it will take part as an official media sponsor. The even will focus on 3 main objectives: educate on the Bitcoin protocol and the....
BNP Paribas Securities, the French bank, has partnered with SmartAngels, a Paris, France-based crowdfunding platform, to pilot the use of blockchain technology for funding startups and SMEs (small and medium-size enterprises), according to La Revue Du Digital, a French business news source. The test, a first in France, will allow unlisted firms to issue securities in the primary market. Investors will also have access to the secondary market. The pilot is scheduled to launch in the second half of the year, pending regulatory approval. BNP Paribas will operate the platform. The challenge is....
A recent report by the All-Parliamentary Group (APPG) has reiterated confidence in the U.K.’s entrepreneurship and innovation in the long term despite Britain’s recent vote to exit from the European Union. After the Brexit referendum, there were concerns that the exit would reduce access to markets, talent, passporting powers and funding for U.K. SMEs. The fear was compounded by moves by other European cities to present their readiness to accept Fintech startups to leave the U.K. Paris Europlace, which promotes French finance plans, chose to travel to London to entice financial firms and....
The internet has radically changed commerce and opportunities for entrepreneurs and small and medium enterprises (SMEs) globally. The ability for smaller merchants and businesses to operate internationally has been a game-changer. However, numerous payment problems have arisen resulting from the rapidity of the change, and financial services are struggling to keep up. Legacy infrastructure is holding back business It is frustrating for many SMEs that they can now operate across borders, but legacy banking infrastructure often labels smaller businesses as ‘high-risk’. This can make....