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BNP Paribas enters into strategic partnership with fintech firm Kantox

BNP Paribas SA said Sept. 10 that it entered into a strategic partnership with financial technology company Kantox Ltd. which will allow the two firms to jointly offer Kantox's dynamic hedging software solution to the French bank's clients across Europe, the Middle East and Africa.

Kantox, which specializes in foreign exchange risk management solutions, provides corporate treasurers the facility to fully automate and streamline foreign exchange workflows through its dynamic hedging software solution.

The software solution will support the product suite available on BNP Paribas' digital banking platform, Centric.