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Sopra Steria - Digital Bank Transformation

Vendor Analysis

by Andy Efstathiou

published on Oct 16, 2019

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Report Overview:

This NelsonHall assessment analyzes Sopra Steria's offerings and capabilities in Digital Bank Transformation. 

Who is this Report for:

NelsonHall’s Digital Banking Services Vendor Assessment for Sopra Steria is a comprehensive assessment of Sopra Steria’s Digital Banking Services offerings and capabilities designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of capital market process outsourcing and identifying vendor suitability for Digital Banking Services RFPs
  • Vendor marketing, sales and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Digital Banking services offerings, capabilities, and market and financial strength, including:

  • Identification of the company’s strategy, emphases and new developments
  • Analysis of the company’s strengths, weaknesses and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

Key Findings & Highlights:

Sopra Steria has been providing consulting, IT services, and software to the banking industry for many decades. Sopra Steria has built its practices via acquisition, including:

  • December 2003, Inforsud Ingénierie from the Credit Agricole Group
  • July 2008, acquisition of CIBF, an independent company specialized in portfolio and risk management software development for the banking sector
  • October 2011, acquisition of 100% of the share capital of Delta Informatique, an independent company offering financial software solutions
  • February 2012, Callataÿ & Wouters, a Belgian company specialized in banking software
  • July 2012, Sopra creates Sopra Banking Software from the acquisitions of Callataÿ & Wouters and Delta Informatique
  • February 2014, COR&FJA Banking Solutions a German company
  • February 2016, Cassiopae a global vendor of specialty finance and property management software
  • Oct. 2018 Sword Apak a developer of specialized lending solutions for car loans and asset finance
  • April 2019 SAB a vendor of IT solutions for banks and financial institutions.

It has been working since 2002 with bank startups when it supported a Netherlands headquartered bank in setting up digital banks in multiple countries. It formally set up its digital services in 2015, as part of its banking software unit.

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