French bank BNP Paribas has launched a new fund to invest in fintech startups, the bank announced today.

The amount of the fund was not disclosed.

The fund will be managed by BNP Paribas’ Capital Partners, and will be taking minority stakes in financial services and insurance startups, the bank said. It will also be investing in venture capital funds which provide capital to companies in areas like artificial intelligence, blockchain, cybersecurity, and blockchain.

Jacques d’Estais, BNP Paribas group deputy COO and head of international financial services, said in a statement:

At BNP Paribas, we’re firmly convinced that Open Innovation is a powerful driver for the transformation that will help to build the bank of tomorrow and enable us to continue to provide our clients with high value-added products and services.

Read more at Finextra and Finance Magnates.

To learn more about fintech investment, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.