Within the framework of a partnership with the Hub France IA (France Artificial Intelligence), BNP Paribas Group Data Office and RISK AIR teams took part in the "Banking and Auditability" working group, with the objective to propose a systematic and operational method for identifying the specific risks of Artificial Intelligence (AI) systems, and to propose remedial measures. This collaboration involved actors from the three lines of defense of banks' internal control systems, and is an excellent example of collaboration between peers to exchange around common principles.

Nicolas Babin (born April 9, 1966) is a French businessman, specialized in gamification, as well as technological innovation. He is best known for being the former CEO of Sony Europe in several departments, including robotics.[1] He is currently at the head of Babin Business Consulting. He is the holder of a master in Sales-Marketing.[3] He began his career in 1989 for BNP Paribas as a programmer in San Francisco.

FinTech Futures met with BNP Paribas Global Markets' Cyril Cottu to discuss AI, bots, the demise of email, its investment in Symphony and a host of other tech topics. All fit within three "mega-trends" that are driving the strategy, investments and skillsets of the bank. Is the financial services sector at a tipping point when it comes to technology? He foresees exponential growth in data, computer power and connectivity, with these "mega-trends" driving rapid change. They are also driving much of the bank's strategy and investment, as reflected in its strides in areas such as artificial intelligence (AI) and its investment last year in cloud-based messaging and collaboration platform, Symphony.

Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.'s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The U.S. based Digital Reasoning was launched in 2012. The company identifies unstructured communications data to add context to human conversations, as well as flags potential fraudulent activity hidden in those communications. Banks and FIs use its services for internal use to scan employee e-mails for fraudulent patterns or red flags.

More help is on the way for fintech and insurtech start-ups with the unleashing of a new fund by BNP Paribas. The fund will be managed by BNP Paribas Capital Partners, an arm of BNP Paribas Asset Management that specialises in selection and multi-management in the alternative investments field. Jacques d'Estais, BNP Paribas group deputy COO and head of international financial services, says the fund "will give added firepower to our investment strategy, complements the other initiatives we've already set in motion, including our partnership with Plug and Play, our Station F space and our Startup Engagement Kit". The fund will take direct minority stakes, on behalf of the various BNP Paribas' businesses, in financial services and insurance start-ups. It will also make indirect investments through venture capital (VC) funds in technologies such as artificial intelligence (AI), data, blockchain and cybersecurity.

Not a day goes by without the announcement of the appointment of a new VP of Artificial Intelligence (AI), a Chief Data Scientist, or a Director of AI Research. While the enthusiasm is undeniable, the reality is that AI remains an early-stage technology application. The potential is vast, but how managers cut through the AI hyperbole to use its power to deliver growth? In our consulting work, we often encounter managers who struggle to convert AI experiments into strategic programs which can then be implemented. Michael Stern (not his real name), for instance, is the Head of Digital for a German Mittelstand office equipment company.