29 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job

24 July 2015  |  11990 views  |  0 Bitcoin

Further evidence has emerged that French investment banks are exploring the potential of blockchain technology in the capital markets.

France's biggest bank, BNP Paribas, is investigating the distributed ledger and "how it can be applied to post trade processes to make things faster and potentially cheaper," a spokesperson has confirmed, but stresses "it's all very much projects and it's all in testing. It's nothing live."

The news follows comments made earlier this month by an analyst in the bank's Securities Services division that blockchain technology has the potential to completely upend post-trade infrastructure in the capital markets.

Writing in the bank's internal publication, Johann Palychata stated that by allowing all market participants' direct access to clearing and settlement infrastructure, many industry players could be left redundant.

Meanwhile, Société Générale, France's third biggest bank, is looking to appoint an IT developer familiar with blockchain, bitcoin and cryptocurrencies, reports the bitcoin news site CoinDesk.

The job advert, posted earlier this month, is for a 12 month position within the London-based IT team for the bank's Global Banking and Investor Solutions department and will involve working on the trading floor.

The roles and responsibilities for the job will include "developing proof of concepts in any language used in cryptocurrency protocols" and "engineering ways of gathering information on what's really happening in the cryptocurrency world".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Wall Street eyes the blockchain

Wall Street eyes the blockchain

23 July 2015  |  10658 views  |  0 comments | 24 tweets | 12 linkedin
Blockchain could upend post-trade infrastructure - BNP Paribas analyst

Blockchain could upend post-trade infrastructure - BNP Paribas analyst

06 July 2015  |  10072 views  |  0 comments | 18 tweets | 15 linkedin
Barclays bets on blockchain and startups to re-invent finance

Barclays bets on blockchain and startups to re-invent finance

22 June 2015  |  20203 views  |  0 comments | 40 tweets | 16 linkedin
UBS gets cryptic with crypto job ad

UBS gets cryptic with crypto job ad

30 April 2015  |  7212 views  |  1 comments | 11 tweets | 8 linkedin
BNY Mellon experiments with bitcoin

BNY Mellon experiments with bitcoin

10 April 2015  |  10704 views  |  0 comments | 14 tweets | 9 linkedin
UBS to investigate blockchain technology in new London innovation lab

UBS to investigate blockchain technology in new London innovation lab

02 April 2015  |  22991 views  |  0 comments | 36 tweets | 20 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comdownload the report nowvisit www.finastra.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9370 views comments | 19 tweets | 38 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
9020 views comments | 10 tweets | 6 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7752 views 0 | 8 tweets | 7 linkedin
Mastercard eyes opportunities to profit from sharing economyMastercard eyes opportunities to profit fr...
7454 views comments | 6 tweets | 6 linkedin
Body blow for PayKey as Apple orders Westpac off its turfBody blow for PayKey as Apple orders Westp...
7074 views comments | 12 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job