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Sopra Steria - Transforming Core Banking Services

Vendor Analysis

by Andy Efstathiou

published on Oct 17, 2024

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Report Overview:

This NelsonHall vendor assessment analyzes Sopra Steria's offerings and capabilities in core banking services

Who is this Report for:

NelsonHall’s ‘Transforming Core Banking Services’ profile on Sopra Steria is a comprehensive assessment of Sopra Steria’s offerings and capabilities for the core banking sector, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for core banking services in 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 Sopra Steria’s BFS-focused core banking service offerings and capabilities and market and financial strength, including:

  • Identification of the company’s strategy, offerings, 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 Sopra Steria service components
  • Analysis of the company’s delivery organization including the location of delivery centers.

Key Findings & Highlights:

Sopra Steria has been delivering technology services to the banking industry since its inception, when it started offering managed services to a global bank. In 2012, Sopra Steria started Sopra Banking Software (SBS) to deliver solutions and managed services to the financial services industry. The intent was to develop a single platform to enable interoperability across silos. In September 2024, Sopra Steria agreed to sell SBS to Axway Software. Axway is a publicly-held French-American information technology company. Sopra Steria owns 11.1% of Axway’s shares. Sopra Steria agreed to sell SBS to focus its activities on digital services and solutions. The separation of the two businesses was completed September 2024.

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