BNP Paribas has joined a previously announced Series C funding round for the capital markets specialist
IN BRIEF:
- BNP Paribas joins JPMorgan, Goldman Sachs, Citi, Bank of America and BNY Mellon in backing AccessFintech
- The deal will enable it to provide its Corporate and Institutional Banking clients with the latest technology, data and workflow tools in a context of shortening settlement cycles
- Clients will also be able to take advantage of AccessFintech’s Synergy data collaboration network, which helps market participants reduce collateral needs and compress transaction costs
What does this mean?
Bruno Campenon, global head, banks, brokers and corporates, Securities Services, BNP Paribas, says: "This investment is part of our strategy to partner with innovative technology companies to expand and digitalise our offering and give our clients access to the latest technologies.
