Global Markets Incubator selects Wematch
04 February 2019 Paris
Image: Shutterstock
Société Générale’s Global Markets Incubator has selected Wematch Equity Derivatives, and a further five fintech companies, to join its market activities open innovation platform.
The platform, hosted at Le Swave Paris & Co, will support and accelerate the development of the fintech’s products into disruptive business solutions.
As well as WeMatch Equity Derivatives, these fintechs include the Independent Calculation Agent (ICA), Nephelai, sc.io, SESAMm and TeamBrain.
According to Société Générale, these firms will benefit from Societe Generale’s expertise in capital markets and Le Swave’s coaching.
Starting in February, Global Markets Incubator will help these six fintechs develop and refine their respective solutions for a period of six months.
The news comes after Wematch extended the scope of Wematch Equity Derivatives, announced in September last year, with delta one products.
Also last September, Wematch Interest Rates was selected to join J.P. Morgan’s In-Residence fintech programme and collaborate with the bank to explore ways of applying its technology at scale.
The In-Residence programme was created by J.P. Morgan to help start-ups looking to commercialise ideas that solve challenges in financial services.
It was also recently announced David Raccat, CEO and founder of Wematch.SecuritiesFinancing, is to oversee the whole Wematch offering for Europe, the Middle East and Africa (EMEA).
Raccat will be responsible for securities financing, equity derivatives and interest rates.
As part of his new role, he will continue to oversee Wematch Securities Financing but will extend oversight on Wematch Equity Derivatives and Wematch Interest Rates from an EMEA standpoint.
Raccat founded Wematch.SecuritiesFinancing in May 2017.
The platform, hosted at Le Swave Paris & Co, will support and accelerate the development of the fintech’s products into disruptive business solutions.
As well as WeMatch Equity Derivatives, these fintechs include the Independent Calculation Agent (ICA), Nephelai, sc.io, SESAMm and TeamBrain.
According to Société Générale, these firms will benefit from Societe Generale’s expertise in capital markets and Le Swave’s coaching.
Starting in February, Global Markets Incubator will help these six fintechs develop and refine their respective solutions for a period of six months.
The news comes after Wematch extended the scope of Wematch Equity Derivatives, announced in September last year, with delta one products.
Also last September, Wematch Interest Rates was selected to join J.P. Morgan’s In-Residence fintech programme and collaborate with the bank to explore ways of applying its technology at scale.
The In-Residence programme was created by J.P. Morgan to help start-ups looking to commercialise ideas that solve challenges in financial services.
It was also recently announced David Raccat, CEO and founder of Wematch.SecuritiesFinancing, is to oversee the whole Wematch offering for Europe, the Middle East and Africa (EMEA).
Raccat will be responsible for securities financing, equity derivatives and interest rates.
As part of his new role, he will continue to oversee Wematch Securities Financing but will extend oversight on Wematch Equity Derivatives and Wematch Interest Rates from an EMEA standpoint.
Raccat founded Wematch.SecuritiesFinancing in May 2017.
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