Sopra Banking Software (SBS) has recently become a part of the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program. This program is designed for AWS Partners who offer software solutions that either run on or integrate with AWS.
By participating in the ISV program, AWS Partners like SBS can enhance their business opportunities and speed up sales processes by directly engaging with the AWS sales team. SBS has been collaborating with AWS since 2016 to develop digital, cloud-native banking platforms for banks and financial institutions worldwide. This extended partnership will facilitate continuous innovation in SBS’ banking and financial services on AWS, particularly in navigating the evolving digital landscape driven by AI.
The increasing AI ambitions of banks are prompting a shift towards cloud-based architectures, with a projected rise in spending on public cloud services by over 20% in 2024. Many financial institutions that initially adopted cloud technology for specific business areas are now considering transitioning more, if not all, of their services to the cloud. As AI becomes integral to banks’ operations, a complete shift to cloud-based infrastructures is essential for leveraging historical data for business growth.
Through its collaboration with AWS to power the Sopra Banking Platform and Sopra Financing Platform, SBS enables banks of all sizes and financing entities in any market to embrace a Software-as-a-Service (SaaS) approach to cloud migration and digital transformation.
SBS’s suite of AWS-powered capabilities covers various aspects of banking and financing operations, including:
- Digital & Open Banking: Facilitating customer onboarding, daily banking, and open banking services to enhance customer financial well-being with personalized insights.
- Core Banking: Providing essential retail banking services like deposits, lending, payments, and compliance through a unified digital platform.
- Payments: Offering secure and flexible payment solutions covering instant payments, open banking payments, fraud monitoring, and more.
- Risk Management, Regulation and Reporting: Ensuring compliance with regulatory changes and optimizing stakeholder communication.
- Wholesale Finance: Automating processes related to wholesale asset financing such as loan processing, client onboarding, and risk management.
Eric Bierry, CEO of Sopra Banking Software, emphasized the importance of large-scale cloud architectures for the digital success of banks and financial institutions. He highlighted the collaboration with AWS as a strategic move to expand the reach of SBS’s banking and lending solutions.
SBS’s parent company, Sopra Steria Group, and AWS have been partnering since 2016 to accelerate enterprises’ transformation through innovative data and AI solutions.
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