BNP Paribas is looking for the next innovation in banking regulation tech (aka ‘regtech’)
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BNP Paribas will hold its latest OpenUp mixer event on Tuesday May 30 in Paris, this time focusing on regulation technology, or regtech, and open banking.
The bank has been keen to be a part of the fintech revolution by hosting events with startups, running accelerators, and partnering up with young companies to develop new solutions for the finance sector.
As fintech becomes more pervasive, more banks and startups will need to consider the impact of regulation and compliance. Regtech is a growing subsection within the burgeoning field of fintech that is addressing these future challenges head on.
At the event, attendees will hear from Fortia, a Paris-based regulation technology startup that has worked closely with BNP Paribas.
The startup participated in the first L’Atelier BNP Paribas’ FinTech Accelerator last year. It has since worked with BNP Paribas Securities Services (BP2S) to develop Innova, an AI-based solution that monitors investment banks’ fraud and non-compliance risks. BNP Paribas has also invested in the company.
Following the evening presentations, OpenUp will host another round of matchmaking and networking between startups and BNP Paribas executives. Regtech and fintech startups will once again have the opportunity to meet with executives and pitch their ideas on how their technologies can solve or improve crucial regulatory matters for the financial sector.
Click here to register with OpenUp and find more information on attending the mixer event.