The Weekly Wrap: all you need to know by Friday COB | December 6th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

BNP Paribas Securities Services has launched new post-trade data management services. These services leverage NeoXam’s Investment Data Solution (IDS) to support clients’ decision-making across the investment value chain.

Operated by the expert teams of Securities Services at BNP Paribas, this new service offer provides the bank’s clients with a wide range of high-end data management solutions, facilitating the flexible integration of multiple data sources into their ecosystem. All are operated on NeoXam’s advanced and scalable technology.

Florent Fabre, CEO of NeoXam, said, “The collaboration with BNP Paribas combines the best of two worlds — the extensive business expertise of their Securities Services teams, along with our leading Investment Data Solution (IDS). We see a huge opportunity for our IDS platform to support BNP Paribas’ innovative service, particularly in providing their clients with the scale of data sources and the flexibility they need.”

Deals of the week

• WealthTech ZFunds raises $3m in Seed round led by Elevation Capital
• Revolut selects Metomic to enhance SaaS data security
• Mambu acquires French PayTech provider Numeral
• Avaloq & Quadient partner to enhance financial client communications
• Federato raises $40m in Series C to fuel the AI era for Insurance
• OVO, HSBC partner to offer flexible financing for green technology
• BharatPe UPI launches ‘Shield’ to safeguard digital transactions
• Backbase and Seven partner to transform digital banking in MEAback

Be on the lookout for

The Bharat Fintech Summit is a prominent two-day event dedicated to the Banking, Financial Services, and Insurance (BFSI) sector, with a strong emphasis on digital transformation. The summit aims to foster meaningful discussions and collaborations among regulators, key BFSI stakeholders, fintech innovators, investors, industry associations, and technology solution providers

The event serves as a platform for sharing insights and knowledge, facilitating innovation, and advancing digitisation within the financial sector. It aspires to extend the benefits of digital financial services to even the remotest areas, ensuring inclusivity and widespread access

The summit features multiple tracks, panel discussions, and master classes covering themes like innovation, digitisation, globalisation, and inclusion. It also includes an expo with over 50 booths showcasing the latest advancements in payments, lending, wealth management, and open banking.

Additionally, the summit marks the launch of The Digital Fifth’s Accelerator Program, which aims to support innovative startups seeking funding. This initiative highlights the summit’s commitment to nurturing the fintech ecosystem and driving positive industry-wide transformations

Overall, the Bharat Fintech Summit is a key event for anyone involved in the BFSI sector, offering valuable opportunities for networking, learning, and collaboration.