FinancialServices-1560x515

Financial Services

Let's reinvent banking together; injecting more agility and innovation

New challenges push us to rethink financial services

Banks and financial institutions now face a genuine revolution that forces the sector to address three major challenges.

Disintermediation: a proven risk

To meet customer expectations that require greater transparency, customisation, innovation and more cost-effective offers, newcomers are revolutionising traditional business models by offering disruptive services: mobile banking, biometric payment, etc. To avoid the risk of disintermediation and to address this new way of consuming banking services, we are convinced that consultancy and the role of trusted third parties are becoming essential for traditional players.

Regulatory compliance, a business issue

Regulatory changes are also disrupting the market and forcing banks to exercise greater transparency in liquidity and risk management (Basel II, Basel III, IFRS 9) while respecting data confidentiality.

Banking players must therefore adapt their information systems ever more quickly to remain compliant and comply with security rules while remaining competitive.

Identify new sources of income to remain indispensable

Activities that usually generate margin are being squeezed and new technologies are shaking up the industry.  Professionals must therefore transform themselves by being more open and by prioritising services over products. Open Banking is one example. As such, it is essential to ensure customer data is interoperable and used efficiently to develop the business and improve customer satisfaction across all channels (banking branch, mobile, Internet). 

A bold vision of the future of banking

To safeguard your position as a go-to player in your market both now and the in the future, our teams help you to get the most out of data and to develop new partnerships to unlock the benefits of the best technological breakthroughs whilst sharing and controlling your costs. Our goal is to help you develop a more consumer-centric approach to offer ever more personalised services while preserving margins.

Building a new banking model together

Through our subsidiary Sopra Banking Software, we offer and implement powerful and agile software solutions. Our biggest customers include Société Générale, BNP Paribas, La Banque Postale, HSBC, Crédit Agricole, RBS, Huyndai Capital, Bank of China, etc.

We use our sector know-how spanning over 40 years and our end-to-end offer to work on your projects to create value through innovation, digitalisation, security, compliance and managed services.

A results-driven value proposition for the banking sector

Our teams combine proven software packages with a hard-hitting offer combining strategic advice, systems integration, software publishing and infrastructure management, to help you successfully complete your transformation. By designing and industrialising tailored solutions for each banking ecosystem, we act as a "transformation booster". We facilitate and accelerate transformation to optimise your existing model.

 

More information about Sopra Banking Software

 

Digital banking experience report by Sopra Steria & Forrester

Master Ecosystems To Be Future-Ready In Banking: Digital banking experience report by Sopra Steria & Forrester

What are the current priorities and future trends of the banking sector in terms of innovation & digital transformation? Sopra Steria commissioned Forrester Consulting to evaluate banks’ strategic focus and future-readiness in digital banking and ecosystems. Read more.

Sopra Banking Summit - Watch the replay

Cryptocurrency – How to mitigate the risk for the financial sector?

Nov 16, 2021

Can a bank add crypto services and remain compliant?

Cyber attacks on Banks: a guide to survival

Nov 16, 2021

In this session, our experts discuss the reality of cybersecurity threats that exist today, as well as what's at stake, the real risks involved and what banks can do to protect themselves.

Enhance existing back-office process through AI

Nov 16, 2021

According to a recent study, up to 75% of executives believe that their business will be at risk in the next five years if they don’t scale AI. Actually, the time for AI prototypes and their promising results is over. The move to scale towards industrial and trusted AI solutions is essential to deliver value to our customers and make AI a competitive advantage.

How banks are involved in fighting climate change?

Nov 16, 2021

How can you measure how eco-friendly your bank is? What are the programs that can help make your bank greener? Can you differentiate through sustainable finance? Come and hear opinions from some of the world's leading experts.

The digital landscape in Europe: financial sovereignty

Nov 16, 2021

Europe's sovereignty is a question of both finance and technology, and Fintech is the next battle for Europe to gain its independence. This is a battle with multiple fronts: it's against the GAFA companies and the control of EU citizens' data, against the rise of China, against the supremacy of the USD and the US financial system.

The new paradigm of customer interaction

Nov 16, 2021

Trust in banking. Banks as a trusted partner. How to build the new relationship model for the future with customers? What is the role of transformation? Bank as a service, outsourcing, bank as a platform, CRM, customer platform, data platforms…where are the best levers?

Press release