Leveraging Technology: a New Partnership with Contineo on Structured Products
At BNP Paribas Wealth Management, our strategy is based on a strong ethos focused on serving our clients across their personal and professional needs. From wealth planning to discretionary investment mandates, from financing real estate transactions to providing unique access to the best private equity funds, from impact investment to individual philanthropy services, the range of solutions we offer to our clients has continued to expand over time to match their needs. We also are able to leverage the unique reach and platform of the BNP Paribas Group, as well as the full breadth of client solutions enabled by technology, for our clients’ benefit.
As our clients have become more sophisticated, they are increasingly comfortable with more complex structured products fitting their needs. Hence, we have accelerated the development of our expertise in this field to complement the deep expertise already existing within the BNP Paribas Group, to match their expectations and to be able to deliver the full range of financial solutions our clients require.
Another core focus of BNP Paribas Wealth Management has been to leverage technologies for the benefit of our clients. To that end, we have developed a comprehensive suite of digital solutions aiming at streamlining our clients’ access to information, and facilitating their ability to monitor their assets, execute transactions, receive advice, and assess their profile in relation to impact investments. We use technologies to simplify our processes to ensure our private bankers have the best tools and more time to focus on solutions for our clients.
One of the latest innovations relates to our partnership with Contineo, a leading fintech that has been working with BNP Paribas Wealth Management for several years. In close collaboration with Contineo, a new state of the art technology solution has been developed for the creation and lifecycle management of any cross-asset structured products.
This solution is adaptive to new payoffs and will allow our private bankers to not only access the best pricing available on the market for a structured product, but also simplify the management of the products throughout their lifecycle, with automated workflows, events processing and audit trails, communication features and reporting.
“BNP Paribas Wealth Management is constantly innovating and upgrading our tools to retain our leadership position, and stay ahead of the competition. We are confident that this will improve our client experience and be beneficial for all. In addition, we are expanding our existing partnership with Contineo on transacting structured products from Asia to Europe. This is in line with our “click and trade” strategy. Our clients will further benefit from more competitive pricing, and our teams from efficiency gains.”
Sebastien Mespoulet
Head of Products and Services for Global Asian and International Markets at BNP Paribas Wealth Management
Since its inception, Contineo has been the first industry-supported structured product platform for private banks and wealth management firms to access multiple issuers. Backed by BNP Paribas Wealth Management as a strategic partner, the company’s innovative solution improves dramatically transaction operations, trading processes as well as regulatory and reporting standards for complex structured products. Through this new partnership to design a scalable and agile application suite connecting multiple actors on the market through secure exchange protocols, we will be able to extend our reach further and access even more opportunities for our clients. The platform, supported by some of the largest financial actors globally, ensures the users are provided with comprehensive price discovery and valuable insights pertaining to lifecycle management for structured products.
Concretely, our specialist desks will be able, through the platform, to manage structured products post-trade, akin to the overseeing of positions in equities or bonds for a traditional investor. Once a client places a trade, the platform allows private bankers to obtain a portfolio overview, indicative bid prices and event notifications, alongside key indicators like performance monitoring or barriers to watch for in the underlying structured product.
The flexible and automated workflow will streamline the amount of administrative work and produce substantial efficiency gains. This solution ensures that bankers spend their valuable time focused on client solutions. It also helps opening new investment opportunities on the market through access to wider range of issuers.
Client service is at the core of our DNA. To that end, we strive to innovate constantly and leverage technologies to help our clients achieve their ambitions. Through this innovative partnership with Contineo in Europe and Asia, we continue to implement new solutions taking full advantage of our connected world for the benefit of our clients.