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BNP Paribas buys fintech stake to digitalise private markets

fintechBNP Paribas Securities Services has bought a stake in a fintech firm and says it will provide better information about investment in private equity and similar assets.

The French asset servicer has acquired shares for an undisclosed amount in AssetMetrix, an outsourcing firm founded over 20 years ago and which digitalises information for private markets investors across front, middle and back offices.

BNP Paribas SS says the investment will expand and digitalise its services to private capital clients and investors by giving clients access to “powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt)”.

The services include portfolio monitoring and ‘look-through’ capabilities on investee companies, cash flow and performance forecasts, risk analysis, stress testing, benchmarking and document management.

Philippe Benoît, head of strategic business development and transformation at BNP Paribas SS, said the partnership was an “excellent example of the work we are doing with leading fintechs to expand and digitalise our offering and give our clients access to the latest technologies”.

It also highlights our commitment and capacity to continually develop our multi-asset class offering to meet our clients’ changing needs.”

Emmeram von Braun, founder of AssetMetrix, said: “This strategic partnership with BNP Paribas Securities Services is an important next step to further develop our independent platform and associated services. It is also an opportunity for us to continue to expand in Europe and enter the Asia-Pacific markets. “

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