Crédit Agricole CIB plans quantum computing project with new partnership
French bank signs deal with Pasqal and Multiverse Computing.
France
Orange Bank partners Younited to underpin consumer credit boost
The bank says it strengthens “essential links” in its credit value chain.
Arkéa Banking Services picks Finastra for Fusion Risk outsourcing
The bank will offer the services of Fusion Risk modules to its compatriots.
Trade Republic plots European expansion with $900m Series C fundraise
German trading app aims for a roll-out across the euro zone.
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
HSBC to pay more than €1bn to get rid of loss-making French branches
The French unit moved to the shelf back in September 2019.
French watchdog says banks risk “marginalisation” by Big Tech payment apps
The paper focuses on Big Tech-associated threats to competition.
Hospitality payment app Sunday raises record €20m seed round for Europe
The start-up claims to cut the costs for operators to 0.5% per transaction.
France’s central bank warns fintech industry of rules when using term “neobank”
The industry has long called out the interchangeable use of the word “neobank”.
La Banque Postale picks Ebury for international SME transfers
French postal bank aims to expand abroad for SME customers.
PayFit raises €90m to automate payroll and HR for European SMEs
The previous funding round closed in 2019, with €70 million.
Landesbank Saar signs BearingPoint RegTech for SFTR compliance
Franco-German bank to deploy Abacus/Transactions platform.
Orange seeks buyer for loss-making banking unit
Orange’s banking ops in trouble despite an income of €79 million last year.
Fintech funding round-up: SeedFi, Libeo, Ember and Finch Capital
A round-up of some of the recent investments in fintech, paytech and tax tech firms.
Sopra Steria invests in Parisian fintech Particeep
Banking software firm picks up minority stake in SaaS fintech.
HSBC France sale to land this month, AnaCap goes back up against Cerberus
The French unit moved to the shelf back in September 2019.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
New funding for European fintechs Compeon and SESAMm
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
TagPay to boost its systems with €25m investment from Long Arc Capital
New York-based private equity firm takes majority stake in core banking vendor.
Worldline buys controlling stake in ANZ’s acquiring business
Worldline says Australia is an ideal stomping ground for international expansion.
Société Générale acquires French digital sales platform Reezocar
The bank wants to expand the car sales start-up’s insurance and financing.
Advanzia Bank signs Backbase to power three new mobile apps
The new applications have gone live across France, Austria, and Spain.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
Worldline completes $8.6bn acquisition of Ingenico
Worldline claims to have created the world’s fourth-largest payments firm.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
Crédit Agricole subsidiary Linxo unveils bank transfer payment solution
The solution is already connected to the main banks in France which have opened up their APIs.
French firm Idemia launches green cards for banks
“We’re now trying to change the paradigm to reusable tech,” says Barrot.
French lendtech October raises €258m
€200 million of investment is headed towards Italian firms alone.
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
Sustainability fintech Helios aims to reduce users’ carbon footprints
French fintech wants to help users reduce the impact of their spending on the planet.
BNP Paribas joins IBM Cloud as European anchor client
French banking giant to become leading user of IBM’s cloud tech.
France’s central bank announces partner list for CBDC experiments
The bank says it will begin work in the “coming days”.
HSBC France to cut 38% of global banking and markets jobs
It’s seeking to cut 255 of 678 jobs by the end-2021 as part of a broader plan to reduce costs.
Sopra Banking Software taps Tink’s data channel
Sopra Banking Software serves roughly 1,500 banks and financial institutions.
Société Générale to acquire French neobank Shine
The deal is thought be be around €100 million.
