Vendor Analysis
published on Oct 16, 2019
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.