BNP Paribas – Plug and Play, France’s leading fintech and insurtech acceleration program unveils the 10 POCs concluded during its inaugural batch and the 11 startups joining for the second batch
12.09.2017 | Innovation, Press release
After 3 months of intense work, BNP Paribas business lines and the selected startups have presented their Proof of Concepts at the Expo Day to a large audience:
Birdycent with BNP Paribas Personal Finance
Miracl with BNP Paribas Personal Finance
DreamQuark with IFS Risk, IFS Compliance and Wealth Management
Savedo with BNP Paribas Fortis
Dunforce with Cash Management
SBDA Group with BNP Paribas Switzerland
OneUp with BNP Paribas BDDF
Vizru with Cardif
Sonect is currently discussing possible collaboration with different business lines.
This first batch of 3 months has exceeded the program stakeholder objectives especially in terms of number of Proof of Concept to be potentially industrialized. It demonstrates BNP Paribas ability to accelerate its digital transformation through efficient open innovation and startup cooperation initiatives.
After the pitches, a new set of 11 startups has been selected by the Business Lines to attend the second batch of this program:
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.
Innovation according to BNP Paribas, the bank for a changing world
At BNP Paribas, to be innovative means creating a new type of banking relationship and inventing the Bank of Tomorrow. A bank that is both physical and digital, combining the best of both worlds – new ways of interacting provided by the social networks, new services linked to mobile tools, digitization and process simplification. At BNP Paribas, to be innovative means anticipating the changes that are affecting our customers and turning these changes into opportunities. BNP Paribas is determined to draw on collective intelligence – benefiting from external resources by building products and services in conjunction with our customers and forging partnerships with startups and other innovative companies; as well as calling on our own in-house creativity. Proof of this creativity is to be found in the results of the Innovation Awards, which highlight initiatives devised by Group staff, and also in the work of L’Atelier BNP Paribas. With offices in Paris, San Francisco & Shanghai, its prospective vision and extensive experience in understanding the digital economy, L'Atelier BNP Paribas is strategically placed to help the BNP Paribas Group and its clients enable their digital transformation through consulting activities and acceleration programs.
Plug and Play Tech Center is a global innovation platform. We connect startups to corporations and invest in over 100 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 10 countries and 20 cities providing necessary resources to succeed in Silicon Valley. With over 6,000 startups and 130 official corporate partners, we have created the ultimate startup ecosystem in many industries. Plug and Play provides active investments with 180 leading Silicon Valley VCs, and more than 365 networking events per year. Companies in our community have raised over $3.5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.