Our 7 Convictions for the future of banking

 

In October 2022, Forrester Consulting delivered a study commissioned by Sopra Steria, entitled “The Future Of Digital Banking, Revisited”. This study was part of our annual DBX report, where we provide a holistic view of the financial services industry, drawing on surveys conducted with nearly 800 leaders from the banking sector, as well as 12,500 customers. 

Each year, we condense our findings to align and support our “seven convictions for the future of banking,” a grouping of key tenets that we believe are fundamental to the future of our industry. Here, we outline eachof these Convictions, along with key statistics from Forrester’s study to support them.

Digital banking maturity assessment

As part of our report, Sopra Steria and Forrester uncovered and grouped banks’ respondents into five different categories of readiness: Explorer, Technologist, Strategist, Specialist and Pioneer. The table opposite shows some key stats about each category, as well as a brief description.

Throughout the following pages, we will consider how each category of digital banking readiness relates to our seven convictions.

 

Download our 7 convictions document:

The fields marked by an asterisk (*) are required

 

“In this year’s DBX report, we find that nothing is ‘business as usual’ for banks. Global shifts in geopolitics, wars, regulatory developments and economic headwinds weigh heavily on the finance industry. As such, banks are under sustained pressure to future-proof their business models by increasing resilience, shoring up existing revenue streams and developing new ones. Confidence in existing models – particular digital ones – and the future may be low, but by relying on tried-and-tested strategies, such as collaborative business models, many banks will be able to weather the storm. Our seven convictions for the future of banking are more relevant than ever, and provide banks with a blueprint on how to push forward into a prosperous and profitable future.“

Eric PASQUIER

Chairman - Sopra Banking Software

Related content

Sopra Steria, Leader in End-to-End Cloud Infrastructure Management Services

Sep 10, 2024, 10:36 AM
Title* : Sopra Steria, Leader in End-to-End Cloud Infrastructure Management Services

Sopra Steria ranked among the leaders in the 2024 NelsonHall NEAT analysis of the End-to-End Cloud Infrastructure Management Services market segment. 

Paris, September 10, 2024 – Sopra Steria, a major player in the European tech sector, announced today that its practices have been ranked among the "leaders" in the 2024 NelsonHall NEAT analysis of the End-to-End Cloud Infrastructure Management Services market segment.  

NelsonHall’s NEAT report assessed twenty companies across the globe and analyzes the performance of vendors offering end-to-end cloud infrastructure management services. The NEAT tool allows strategic sourcing managers to assess the capability of vendors across a range of criteria and business situations and identify the best performing vendors overall, and with specific capabilities around cloud management, cloud orchestration, Microsoft Azure, AWS, and GCP 

Sopra Steria's cloud services approach leverages its end-to-end capabilities, assets, and its own experience. The recognition of Sopra Steria is based on the following strengths: 

  • Strong European delivery footprint. 
  • Strong consulting capabilities through Sopra Steria Next, driving business case development and technology adoption, and a broad set of cloud-certified employees. 
  • A portfolio of innovative IP and accelerators, including RightCloud, SolidCloud, and SovereignCloud, as well as a wide range of managed cloud services. 
  • Expanding Cloud Centers of Excellence (CCoE) and Data Centers of Excellence (DCoE) capabilities, enhancing skills to support various geographies and vertical sectors. 
  • Increasing capabilities in ESG and sustainability, notably through its partnership with OVHcloud. 
  • Dedicated cybersecurity resources and a Security Operations Center (SOC) supporting cloud services. 

Olivier Tarrit, CEO Digital Platform Services of Sopra Steria Group, said: “At Sopra Steria, we are committed to empower our clients with cutting-edge cloud solutions that drive their digital transformation journey. This recognition from NelsonHall validates our strategic approach to end-to-end cloud infrastructure management. By leveraging our innovative IP, expanding our Centers of Excellence, and focusing on sustainability and security, we're not just managing cloud infrastructures – we're shaping the future of digital business. Our global Digital Platform Services team is fully committed to support Infrastructure and Cloud business stakes, with the goal to continue delivering tangible value to our clients, helping them navigate the complexities of cloud adoption and optimization with confidence and agility” 

John Laherty, Senior IT Services Analyst, NelsonHall, said “Sopra Steria was identified as a Leader for its consulting-led approach to cloud services with its Sopra Steria Next practice, defining business value and targets, business cases, and technology adoption. It also brings extensive IP and accelerators, all supported by a substantial managed services product portfolio. Another key differentiator includes its dedicated Cloud Center of Excellence with multiple cloud SMEs and hyperscaler sub-units supporting verticals and business units across Sopra Steria.”     

Tags :
vEng_2024 CP NH Cloud MSP