London, Tokyo – 13th October 2014 – BNP Paribas today announced the launch of CENTRIC in Europe and Japan. The launch follows the successful roll out of the platform across 10 countries in Asia Pacific and the Middle East last year. With the addition of these two key markets, CENTRIC considerably widens its geographical scope.
CENTRIC offers corporate clients the ability to manage all their treasury business operations from a single platform and provides access to a range of App-based services including electronic transaction banking, cash management, trade finance, FX and market intelligence services. The platform is designed to be fully flexible, enabling corporate treasurers to select the product Apps and tools needed to manage their business operations, with additional customisable features such as a communication centre and widgets to help streamline information delivery.
The App-based services include:
Insight Apps: Offer access to cross-asset, pre-transaction, corporate-focused market intelligence and analytics
Transaction Apps: Give users access to products and services for managing their FX, cash, payments, deposits and trade requirements
Services Apps: Enable users to review and analyse every aspect of their business operations
Thomas Soede, Global Co-Head of Electronic Markets, Fixed Income BNP Paribas said:
“There are a host of challenges facing our corporate clients today. Market tests of low volatility, sluggish growth and weak interest rates as well as the evolving regulatory environment, are accelerating the need for transparent, reliable and fully integrated electronic market solutions. The CENTRIC platform provides our clients with real choices in managing their risk, optimising liquidity and ensuring they remain in complete control of their underlying treasury business operations.”
Marguerite Burghardt, Head of GTTB Business Development and Product Management said:
“Throughout CENTRIC’s development we’ve worked closely with our corporate clients in order to create a platform which provides the right range of products and solutions to match their needs. As we progressively roll out the platform to more regions we will continue to have these conversations with our clients, ensuring that our offer best suits their requirements on an ongoing basis.”
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About BNP Paribas
BNP Paribas has a presence in 75 countries with more than 180,000 employees, including more than 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking
BNP Paribas Corporate and Institutional Banking (CIB) (www.cib.bnpparibas.com) is a leading provider of solutions to a wide range of clients including corporates, sovereigns, financial institutions and investors worldwide. Approximately 19,000 professionals in 45 countries provide clients with personalized services for managing their risks and assets, financing and expanding their business and servicing their operational needs.
BNP Paribas CIB excels in:
• Corporate Banking – where it has leading franchises in Transaction Banking (trade finance, cash management) and in Specialized Financing (energy & commodities, transportation, export, project, leveraged, media telecom, corporate acquisition finance and real estate)
• Derivatives – where it is one of the leading global players in interest rates, credit, foreign exchange, commodity and equity derivatives
• Advisory and Capital Markets – where it is a top European house in ECM and a global leader in DCM (bond, convertibles and equity issuance)