Vendor Analysis
published on Oct 17, 2024
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.