Smart City. A genuine smart city starts from its proper DNA, the knowledge of the city, the society and the stakeholders Read more Data, and open data in particular, yield various information flows and allow us to conduct analyses, thus generating knowledge.
BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel. BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel.
Compete-Nickel, which provides an online payments account, has proven hugely popular since launch three years ago. Customers can open an account, get an IBAN and receive an International Mastercard at a newsagent in less than 10 minutes. BNP Paribas acquires Compte Nickel. French fintech startup Compte Nickel was acquired by French bank BNP Paribas yesterday.
I couldn’t nail down the price but I’ve heard that it was quite significant. Compte Nickel was one of the leading fintech startups in France. You can open the equivalent of a current bank account in thousands of tobacco shops in just a few minutes. T: The FinTech Times - Scooping up FinTech. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe.
If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page. Brought to you by: NewOak partners with LendingArch to purchase $2 billion in loans With NewOak purchasing from LendingArch, the loans will be removed from LendingArch’s books, freeing them to provide more flexible loans to Canadians.
STACK RECOMMENDS: ‘I feel duped’: Why bank employees with impressive but misleading titles could cost you big time. Trov adds $45 million for the global expansion of its on-demand insurance. Trov, the provider of on-demand insurance for individual items, has raised $45 million for its global expansion efforts.
The company is one of a growing number of tech-enabled startups that are looking to change the insurance business and carve out a piece of that multi-trillion-dollar industry. At Danville, Calif. -based Trov, that means providing insurance policies for individual items on mobile phones. With its new financing, from strategic investors Munich Re HSB Ventures and Japan’s second largest insurer, Sompo, and the company’s previous backers Oak HC/FT, Suncorp Group, Guidewire, and Anthemis Group, Trov now has a war chest of roughly $90 million to expand its global reach.