BNP Paribas Securities Services, a subsidiary of French bank BNP Paribas, has announced a new innovation lab that will focus on big data and distributed ledger tech.

The bank said that the lab will seek to build solutions for data management and visualization, as well as tools that help clients manage cash and liquidity requirements.

The move comes amid a time of heightened interest in blockchain and distributed ledgers at BNP Paribas, following news it had begun work on a blockchain crowdfunding platform and a post-trade system for small businesses.

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