Paris, France
Paris, France

BNP Paribas is a French bank and financial services company with headquarters in Paris and global headquarters in London. It was formed through the merger of Banque Nationale de Paris and Paribas in 2000 and is one of the largest banks in the world. Based on 2012 information BNP Paribas was ranked as the third-largest bank in the world, as measured by total assets, by Bloomberg and Forbes.The firm is a universal bank split into three strategic business units: Retail Banking, Corporate and Investment Banking and Investment Solutions . BNP Paribas's four domestic markets are France, Italy, Belgium, and Luxembourg. It also has significant retail operations in the United States, Poland, Turkey, Ukraine, and North Africa, as well as large-scale investment banking operations in New York, London, Hong Kong, and Singapore.BNP Paribas escaped the 2007–09 credit crisis relatively unscathed reporting a €3 billion net profit for the year of 2008, and €5.8 billion for 2009, both years boosted by profits from trading in its Corporate and Investment Banking division.In June 2014, BNP Paribas was fined $8.9 billion by US government for violating US sanctions, which was a record amount at that time. Wikipedia.


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News Article | April 20, 2017
Site: marketersmedia.com

— GlobalData’s "The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2020", report provides detailed analysis of market trends in the French cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, payment cards and cash transactions during the review period (2012-2016). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure. Banks and payment solution providers are launching new solutions to benefit from a growing preference for alternative payments. In March 2015 Sweden-based mobile payment (m-payment) solution provider Seamless launched its mobile app, Seqr. Following which, the functionality of Paylib was expanded in May 2016, allowing users with compatible Android mobile phones to make contactless m-payments of up to US$19.0 (EUR20) at 470,000 merchants. Apple launched Apple Pay in July 2016 in partnership with some of the country’s largest financial institutions. Request a sample of the report @ http://www.orbisresearch.com/contacts/request-sample/267068 . The emergence of digital only banks is likely to accelerate a shift towards electronic payments in France. In January 2016, telecom operator Orange France acquired Groupama Banque to create Orange Bank. Orange mobile phone customers can directly subscribe to banking services through the network’s mobile app, via the website, or at 140 accredited stores. In December 2015, German-based financial service provider Number 26 launched its mobile-only bank in France. The introduction of maintenance fee on saving and current accounts by major banks is anticipated to bring more competition in the French debit cards market. With profit margins shrinking and interest rates low, banks are introducing account fees. BNP Paribas introduced a US$2.4 (EUR2.5) basic account fee in November 2015. Similarly, BNP Paribas, Société Générale and Caisse d’Epargne Île-de-France introduced current account fees in the range of US$14.3-28.5 (EUR15-30) in February 2016. Banque Postale raised account fees from US$4 (EUR4.2) to US$5.9 (EUR6.2). This report also provides top-level market analysis, information and insights into the French cards and payments industry, including - - Current and forecast values for each market in the French cards and payments industry, including debit, credit and charge cards. - Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments. - E-commerce market analysis and payment methods. - Analysis of various market drivers and regulations governing the French cards and payments industry. - Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards. - Comprehensive analysis of consumer attitudes and buying preferences for cards. - The competitive landscape in the French cards and payments industry. Scope - This report provides a comprehensive analysis of the French cards and payments industry. - It provides current values for the French cards and payments industry for 2016, and forecast figures to 2020. - It details the different demographic, economic, infrastructural and business drivers affecting the French cards and payments industry. - It outlines the current regulatory framework in the industry. - It details marketing strategies used by various banks and other institutions. Reasons to buy - Make strategic business decisions, using top-level historic and forecast market data, related to the French cards and payments industry and each market within it. - Understand the key market trends and growth opportunities in the French cards and payments industry. - Assess the competitive dynamics in the French cards and payments industry. - Gain insights into marketing strategies used for various card types in France. - Gain insights into key regulations governing the French cards and payments industry. Table of Contents: Table of Contents 1. EXECUTIVE SUMMARY 2 1.1. Market overview 2 1.2. Key facts 4 1.3. Top five industry events 5 2. PAYMENT INSTRUMENTS 12 2.1. Current payment environment 12 3. E-COMMERCE AND ALTERNATIVE PAYMENTS 14 3.1. E-Commerce market analysis 14 3.2. Alternative payment solutions 16 3.2.1. Paylib 16 3.2.2. SlimPay 16 3.2.3. PayPal 16 3.2.4. Apple Pay 16 3.2.5. Visa Checkout 17 3.2.6. MasterPass 17 3.2.7. Seqr 17 3.2.8. paysafecard 17 3.2.9. Boku 18 4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 19 4.1. Regulatory framework 19 4.1.1. SEPA cards framework 19 4.1.2. Implementation of the payment services directive (PSD) 20 4.1.3. Payment Services Directive 2 (PSD2) 21 4.1.4. Interchange fee regulation 22 4.2. Anti-money laundering 23 4.3. Foreign direct investment (FDI) regulations 23 5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 24 6. PAYMENT CARDS 27 7. DEBIT CARDS 29 7.1. Debit cards market analysis 29 7.2. Competition in the debit cards market 31 7.3. Debit cards comparison 32 8. PAY LATER CARDS 33 8.1. Pay later cards market analysis 33 8.2. Competition in the pay later cards market 35 8.3. Pay later cards comparison 37 9. PREPAID CARDS 39 10. MERCHANT ACQUIRING 40 11. APPENDIX 43 11.1. Abbreviations and acronyms 43 11.2. Supplementary data 44 11.3. Definitions 59 11.4. Common payment card features 60 11.5. Methodology 61 11.6. Bibliography 63 11.7. Further reading 63 About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients. For more information, please visit http://www.orbisresearch.com/reports/index/the-cards-and-payments-industry-in-france-emerging-trends-and-opportunities-to-2020


News Article | June 19, 2017
Site: www.prweb.com

With the dramatic increase in corporate sponsorship of major international events in the last decade, one of the most nagging issues is the steady increase in the number of unused corporate tickets that go unfilled because they generally can’t be redistributed. Televised events bring this point painfully home worldwide. “Today’s event sponsorship is about activation and optimization, and too many event sponsors are leaving money on the table because they don’t have a good way to distribute all the tickets in their packages,” said Belgian entrepreneur Jean-Sébastien Gosuin, who moved to New York three years ago to launch the marketing/technology start-up Seaters (http://www.getseaters.com). Gosuin, who spent last week with one of his largest clients, French banking leader, BNP Paribas, (one of the largest tennis sponsors in the world) at the French Open, has had a long career in event marketing, hospitality and web-based initiatives and has seen first hand the issue unused tickets can have on a major international event. “At last week’s Open, we fielded 250,000 requests for tickets in the 30 days leading up to the start of the event,” says Gosuin. “We built a system we call the ‘Wish List’ into the fan engagement program they manage online called ‘We Are Tennis’ -- through this interactive system, we signed up 50,000 new members for We Are Tennis in less than a month. 2,000 seats became available, and we filled them all!” Gosuin worked for the 2012 London Olympic Games, where the controversy about sparsely-filled venues became a hot topic of conversation: there were 20 million total requests for tickets with a total of 8.5 million tickets available for all venues for the games. Despite this, an estimated 900,000 total seats went unfilled, and the main culprit was unused sponsor tickets. Easy to use online ticketing systems are everywhere today, but what makes the Seaters platform a first is its patented “Wish List” software which is controlled by event sponsors. The sophisticated nature of the software allows the sponsor to manage its inventory and target ticket recipients by category – employees, customers, clients and strategic partners – while keeping the users totally informed on the other end. The Seaters customized “Likelihood Algorithm” -- part of its patent -- will show users the probability of getting a ticket in order to manage expectations. “BNP Paribas is an innovator in terms of social engagement with fans,” explained Gosuin. “They launched ‘We Are Tennis’ in 2011 as a way to develop a relationship with the tennis community that would be passionate and year round, not just about one event. That made them an ideal first client for us (in 2014) because our software platform made it easier to manage communications with ‘We Are Tennis’ members.” The relationship started creating a way for 12,000 bank employees to be invited access tickets for all events worldwide, and 40% of BNP employees signed up which resulted in a 97% decrease in “unused tickets” in two years. Employee requests totaled 54,000, and in turn 17,000 tickets were distributed. Waste went down by $850,000 in total ticket value, and as a result, BNP could negotiate an additional $300,000 in complimentary event tickets. “We’ve found that event promoters are willing to reward sponsors who use a higher percentage of their seats,” said Gosuin. “This in turn provides more opportunities for users of the ‘Wish List’ platform to get more seats, and the promoters are happy because their venues have more traffic and on site spending on merchandise and food and beverage!” In addition to being the largest single sponsor of tennis events in the world, BNP Paribas sponsors over 300 events per year all over the world. The opportunity to build affinity group memberships and relationships is extensive, and the Seaters platform makes the job significantly easier to manage. The success of the Seaters launch with BNP led to an expansion of the platform giving access to 400,000+ Priority Banking customers of the bank. Gosuin and his team have come to realize that the Seaters platform is more about social engagement than about just moving tickets. Niche marketing has become the dominant trend largely because of social media, and tickets are a way to start a conversation with any affinity group. “Once you get a group to sign up, the key is to use the platform to keep the conversation going and maintain the relationship,” explained Gosuin. “The new Advantage program on the ‘We Are Tennis’ site keeps them coming back by offering more than ticket opportunities: meet and greets with ATP players, discounts with partner retailers, and unique special content throughout the year. Pure social engagement based on the passion of the users that leads to increased business opportunities with multiple stakeholder groups.” About Seaters Seaters is the marketing technology company headquartered in New York with offices in London, Paris, and Brussels. Seaters aggregates demand for time sensitive/perishable assets. By aggregating demand in advance, Sponsors and Event Organizers have a targeted single source of pre-qualified fans. As tickets become available, Sponsors and Organizers can immediately distribute them with a click of a button. Seaters is fan friendly and does not scalp tickets. No ticket distributed through the Seaters platform is ever higher than face value. Oftentimes sponsors distribute their tickets free of charge to the fan. Fair treatment of the consumer and management of expectations are guaranteed by the patent pending Likelihood Algorithm. About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


News Article | June 14, 2017
Site: www.prweb.com

The hot new marketing/technology company Seaters and its executive team spent much of the last week at French Open in Paris working with one of their biggest clients, BNP Paribas. Paris-based sports marketing expert Alain Jouve caught up with Jean-Sébastien Gosuin, founder and CEO of Seaters, on June 5th at the tournament. Here is a summary of their conversation about this innovative New York-based start up. Jean-Sébastien Gosuin: I started Seaters three years ago to offer a global solution for sponsors of sporting and cultural events worldwide. The goal is to improve relationships with passionate fans, customers, employees and other stakeholders. Operating in the Business-To-Business space, Seaters builds engagement programs directly for sponsors, who then communicate to the target groups that they want to reach. It’s not Stub Hub – it’s a qualitative program that helps the sponsors get tickets to people they most want to have the tickets. Alain Jouve: How did you come up with the idea of creating Seaters? Jean-Sébastien Gosuin: I was fortunate enough to work on the 2012 London Olympic Games and, like many sports fans, saw several events on TV that were supposed to be sold out with many unfilled seats. This was a big discussion in social media, too. Faced with this lack of optimization of the experience for the fans and the shortfall for sponsors and organizers, I decided to develop Seaters and offer a new solution to an old problem. Empty seats at major events are a huge waste of a very valuable asset, and it’s bad PR for the sponsors and the event! For those who doubt it, the numbers don’t lie: there were 20 million requests for tickets in London, and 8.5 million tickets available for all venues for the games. Despite this, there were 900,000 total empty seats. Alain Jouve: Checking out your program, I’ve noticed Seaters offers the sponsors, the real actors of your solution, very valuable data data about everyone who registers for a chance to get tickets….. Jean-Sébastien Gosuin: With our program, collecting data on on program users is part of what makes this an innovation. With an established list of their target groups, we collect an average of 75 fan requests per possible ticket, and eight categories of personal data (GSM, e-mail address, postal code, etc.) for each new opt-in member. The multiplier effect of Seaters is undeniable. Alain Jouve: Concretely, how does this system work? Jean-Sébastien Gosuin: Most sponsors receive tickets as part of their package which go unused for a variety of reasons. The tickets get distributed internally and it is usually up to department heads who often don’t want or need the tickets to “get rid of” them. This understandably leads to a higher “no show” rate, and it becomes a waste of a valuable asset that hurts both the event and the sponsor. Therefore, Seaters proposes to solve the problem through the sponsor’s own network. We start by helping the sponsor of a sporting or cultural event pick target groups it wants to cultivate and take care of with the opportunity to sign up online for a chance to attend sporting events or the concerts on an ongoing basis. We have created a “WishList” system that is customized for each client and branded in their name, not ours, offering the available offers throughout the year. We build it and run it for them. Once registered on a WishList, fans know their position on the list for each event they express interest in, and their probability of getting seats. As soon as a seat is released, a countermark or an e-ticket is sent to the next person on the WishList. The whole is managed on an administration interface which can be consulted at any time by computer, tablet or smart phone by the client. In other words, it’s easy for them to manage it and monitor! Alain Jouve: A real service for the brand, the event and the fan? Jean-Sébastien Gosuin: Absolutely. The system benefits both the organizer of the event and the sponsor who owns the rights to the seats, as well as fans who have not been able to purchase tickets. The benefit is twofold: 80% of the empty seats are foreseeable. These are last minute cancellations (45%), tickets never distributed (25%) or never sold (10%). With this solution, we optimize the onsite revenue in food & beverage and merchandise by getting more people in the event, and we also improve the overall "fan experience”. Let's remember that for the sponsor, the number of fans touched is multiplied. From now on, we are no longer in the "one seat - one guest" model. With Seaters, one seat in an average program collects 75 individual requests (and new members) with relative data collected from everyone who joins the WishList community! Alain Jouve: What is your business model? Jean-Sébastien Gosuin: We base pricing for clients on the size of the client’s target audience. We sell them packages varying between $335 and $35 per month. The sponsor is then free to let his end user, the Fan, settle the cost of distribution to self-finance the use of Seaters. It’s a turnkey system we’ve made easy for the program manager and the users! Alain Jouve: What brings you to the French Open this year? Jean-Sébastien Gosuin: One of our biggest clients is BNP Paribas, a major sponsor of the French Open and tennis worldwide. With our help they’ve created a “fan experience” website called We Are Tennis, a social engagement program that helps them really benefit in their investment in tennis as a global sponsor. It’s also a state-of-the art online experience for fans that is unlike anything we’ve seen before. Alain Jouve: How is it going so far? Jean-Sébastien Gosuin: We’ve registered 50,000 new people in the first 30 days of the program through today. We had 2,000 seats come available and we filled them all! We’ve also had 250,000 tickets requested so far for Roland Garros. Seaters is a marketing technology company headquartered in New York with offices in London, Paris, and Brussels. Seaters aggregates demand for time sensitive major event tickets. By aggregating demand in advance, Sponsors and Event Organizers have a targeted single source of pre-qualified fans. As tickets become available, Sponsors and Organizers can immediately distribute them with a click of a button. Seaters is fan friendly and does not scalp tickets. No ticket distributed through the Seaters platform is ever higher than face value. Often sponsors distribute their tickets free of charge to the fan. Fair treatment of the consumer and management of expectations are guaranteed by the patent pending Likelihood Algorithm. BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


Along with the event in San Francisco, the first phase of the 2017 International Hackathon took place simultaneously in nine other cities– Berlin, Brussels, Istanbul, Luxembourg, Nanjing, Paris, Rome, Singapore and Warsaw–where designers, developers, and startup teams were invited to work over a 48-hour period to solve two business challenges. In San Francisco, Bank of the West's Commercial Banking and Wealth Management groups were sponsors of this event. The two winners chosen by these groups were: "The collaboration of our bankers with these start-ups to address critical business needs proved to be an enjoyable weekend of innovative disruption," said Jean-Marc Torre, Head of the Commercial Banking Group at Bank of the West.  "With the institutional support of BNP Paribas and Bank of the West, these winners will work with us to build solutions for the future of banking." "As the needs of our high-net-worth clients continue to change and evolve, so too must the products and services we provide for them," added Pierre Ramadier, Head of the Wealth Management Group at Bank of the West. "The winners that emerged from the weekend presented great ideas that will help us stay on the cutting-edge of client services." For more information about Bank of the West, visit BankoftheWest.com and The Blog. News and updates regarding the 2017 International Hackathon will be available from Twitter @BankoftheWest  (#internationalhackathon). Interested teams can visit the official website or contact Marie Pernot at marie.pernot@bankofthewest.com. About Bank of the West Wealth Management Group Bank of the West Wealth Management provides wealth planning, investment management*, personal banking, philanthropy, and trust and fiduciary services. The group is part of BNP Paribas' global wealth management business of more than 6,600 professionals present in three hubs in Europe, Asia and the U.S. with more than $12.1 billion** in assets under management in the United States and €354.5 billion ($378.7 billion) in assets under management globally as of March 31, 2017. About Bank of the West Commercial Banking Group Bank of the West's Commercial Banking Group team meets the rapidly changing needs of growing businesses with annual revenues of $25 million and higher. With specialized sector expertise, the Group anticipates and tackles the challenges businesses face in industries including agriculture, healthcare, commercial real estate, manufacturing, religious institutions, and technology. The Commercial Banking Group offers clients personalized relationships and community ties of a local bank backed by the international capabilities of BNP Paribas. About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 190,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. About Bank of the West Bank of the West is a regional financial services company headquartered in San Francisco with $83.8 billion in assets as of March 31, 2017. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 branches and offices in 23 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 74 countries with more than 190,000 employees. To learn more about Bank of the West, visit About Us via BankoftheWest.com. Deposit and loan products offered by Bank of the West, Member FDIC and Equal Housing Lender.© 2017 Bank of the West. Doing business in South Dakota as Bank of the West California. *Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, member FINRA/SIPC, and SEC Registered Investment Adviser. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321) and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, UT, WA, WI, WY, HI, Guam and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors. **Assets under management refers to assets under administration, management, advisement, and on deposit, including assets with our affiliate BancWest Investment Services ("BancWest") as of March 31, 2017. BancWest Investment Services is a wholly owned subsidiary of Bank of the West. Bank of the West is a wholly owned subsidiary of BNP Paribas. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bank-of-the-west-and-bnp-paribas-announce-phase-one-winners-of-the-third-annual-international-hackathon-300476624.html


News Article | June 12, 2017
Site: www.marketwired.com

WASHINGTON, DC--(Marketwired - Jun 12, 2017) - The Chamber of Digital Commerce, the leading global blockchain trade association, announces the addition of BNP Paribas ( : BNP) and BNY Mellon ( : BK), two major international banks, to the Chamber's Executive Committee. With a presence in over 70 countries, BNP Paribas is one of the largest banks in the world, serving more than 30 million customers. The institution is also globally recognized as an important innovator in distributed ledger technology. In December 2016, it processed and cleared its first real-time blockchain payments. "Blockchain technology has the potential to change the way banks work. It presents many advantages such as more transparency, traceability and security for our clients. BNP Paribas continues to explore various possibilities with the Blockchain technology and other innovative tools and looks forward to working closely with the Chamber and its members," said Sadia Halim, Head of Innovation CIB Americas at BNP Paribas. BNY Mellon is the world's largest custodian bank with more than $30.5 trillion in assets in custody and over $1.72 trillion in assets under management. The bank has an established history of innovation in blockchain, including the development of BDS 360, a test system which uses blockchain technology to create a backup record of brokerage transactions. "Blockchain technology is the future of the transactions in the financial industry," said Alex Batlin, Global Head of Emerging Business & Technology and Global Blockchain Lead of BNY Mellon. "Active innovation in these early stages is crucial to identifying and creating the most effective and beneficial implementations. BNY Mellon is proud to be a vocal advocate for distributed ledger technology and we look forward to collaborating with the Chamber." "BNP Paribas and BNY Mellon's membership with the Chamber of Digital Commerce underscores the importance of this technology for major banks, and the power of collaboration at the highest levels of the financial industry to accelerate the adoption of blockchain technology," according to Chamber Founder and President Perianne Boring. About the Chamber of Digital Commerce The Chamber of Digital Commerce is the world's leading trade association dedicated to promoting the understanding, acceptance and use of digital assets and blockchain technology. Through education, advocacy, and working closely with policymakers, regulatory agencies, and industry, our goal is to develop a pro-growth legal environment that fosters innovation, jobs and investment. Headquartered in Washington, D.C., the Chamber is the founder of the Blockchain Intellectual Property Council, the Smart Contracts Alliance, the Blockchain Alliance, the Global Blockchain Forum and other key industry initiatives. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital. About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 190,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. About BNY Mellon BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation ( : BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.


BancWest also announced that the results of its company-run 2017 Dodd-Frank Act Stress Test are available within the Regulatory Disclosure section of the BancWest website, and can be found here. BancWest's plan included projected capital levels and financial results over a nine quarter forecast horizon, starting January 1, 2017. The results of the planning exercise show that BancWest's capital levels would remain above regulatory capital requirements and above the bank's own capital goals in all hypothetical stress scenarios that were part of the CCAR process. The Federal Reserve has provided additional information on its website. Forward-Looking Statements Certain statements in this release are forward-looking statements, which involve a number of risks and uncertainties. BancWest cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. About BancWest BancWest Corporation is the holding company for Bank of the West, under BancWest Holding Inc., and First Hawaiian Bank, under First Hawaiian, Inc. BancWest Corporation is a subsidiary of BNP Paribas USA, Inc. the U.S. Intermediate Holding Company for BNP Paribas. About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. www.group.bnpparibas To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bancwest-receives-no-objection-to-its-2017-capital-plan-and-releases-company-run-dodd-frank-act-stress-test-results-300481327.html


PARIS, July 17, 2017 (GLOBE NEWSWIRE) -- BNP Paribas today announced a settlement with the Board of Governors of the Federal Reserve System (“FRB”) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD 246 million (approximately 215 million euros) which will be covered by existing provisions. This follows the announcement by BNP Paribas of a settlement with the New York State Department of Financial Services on the 24th May relating to the same issue. In reaching this settlement, the FRB acknowledged the Group wide remediation initiatives and the full cooperation of BNP Paribas in the investigation. The conduct which led to this settlement occurred during the period from 2007 to 2013. Since this time, BNP Paribas has proactively implemented extensive measures to strengthen its systems of control and compliance. The Group has increased resources and staff dedicated to these functions, conducted extensive staff training and launched a new Code of Conduct which applies to all staff. BNP Paribas deeply regrets the past misconduct which was a clear breach of the high standards on which the Group operates. Conducting its business in a responsible and ethical manner is a cornerstone of BNP Paribas’ values and the Group will continue to make improvements to ensure that it delivers on its responsibilities to all its stakeholders. About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


News Article | July 28, 2017
Site: www.prnewswire.com

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


News Article | July 28, 2017
Site: www.prnewswire.co.uk

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


News Article | July 28, 2017
Site: news.europawire.eu

BNP Paribas Cardif announced today the signature of an agreement with the company Ageas to take full ownership of Cargeas Assicurazioni (CARGEAS), a major non-life bancassurance provider in Italy. PARIS, 28-Jul-2017 — /EuropaWire/ — BNP Paribas Cardif (50% – 1 share) and Ageas (50% + 1 share) have jointly owned CARGEAS1, a company selling health, homeowner, automobile and creditor insurance to both individuals and businesses in Italy. The two shareholders in this joint-venture have expanded CARGEAS’ business in Italy since 2009, developing non-life insurance products and services such as automobile and homeowner cover. In 2016 CARGEAS had gross written premiums of 227 million euros and recorded a net profit under IFRS of 44 million euros. This transaction is subject to regulatory approval and is expected to be finalised by the end of the year. “This acquisition is part of our 2020 development plan. It will strengthen our presence in property and casualty insurance and double our protection revenue in Italy. With the acquisition of Cargeas Assicurazioni (CARGEAS), we will now offer a complete range of insurance for our individual policyholders, working closely with our partners particularly UBI Banca and BNL in Italy” concludes Virginie Korniloff, BNP Paribas Cardif Chief Operating Officer Domestic Markets. No. 1 worldwide in creditor insurance2, BNP Paribas Cardif creates innovative savings and insurance solutions designed for performance in a world shaped by the emergence of new uses and lifestyles. A subsidiary of BNP Paribas, the company has a unique business model anchored in partnerships. BNP Paribas Cardif co-creates solutions with distributors in a variety of sectors, who then market the products to their customers. BNP Paribas Cardif is a recognized global specialist in personal insurance, serving 100 million clients in 36 countries with strong positions in three regions – Europe, Asia and Latin America. With over 10,000 employees3 worldwide, BNP Paribas Cardif had gross written premiums of €27.1 billion in 2016, 57% of which was generated outside France. 1 A former subsidiary of UBI Banca, UBI Assicurazioni became Cargeas Assicurazioni in 2015. 3 Headcount of legal entities managed by BNP Paribas Cardif: nearly 8,000 employees

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