Awards for Excellence 2017
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European banks announced numerous investment pledges in digital banking over the last year. The best banks see technology not as a threat but as an opportunity to grow. They are partnering with and investing in fintech disrupters.
On both these fronts, BNP Paribas stands out. Other banks realize the value of this approach, but partnering with fintech companies fits neatly with the French firm’s bolt-on acquisition strategy. It was not just a statement of intent, but also a reflection of a journey already begun, when BNP Paribas announced in February it would spent €3 billion on digitization in its new three-year plan.
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