As part of the Group's digital transformation and thanks to its open innovation procedure, employees are increasingly developing innovative ideas, in a context of co-creation and in startup mode. In July 2017 during TechWeek, the Bank put the spotlight on its 6 technological innovation hubs, based around the topics of Cybersecurity, Big Data & Artificial intelligence, Cloud, Emerging Tech, Digital Workplace and Digital Process.
Séverin Cabannes Deputy Chief Executive Officer
The need for transformation goes beyond digital technology. The challenge is to evolve in line with the world around us, adapting not only to technological changes but also to the new expectations of our clients, current and future members of staff and society as a whole.
Data, a strategic asset for Societe Generale
Today, data is central to customer relations and the Societe Generale Group organisation. In a digital environment, the Bank improves its services to its clients, its risk management, and its operational efficiency, thanks to data use while ensuring its quality, security and protection.
Open source development to encourage innovation
As the embodiment of collective intelligence, open source development is an important driver of innovation for Societe Generale's information systems. It is a strategic commitment that has already produced results, as 80% of the Group's development technologies are open source. Use, Contribute and Attract: learn about the three components of Societe Generale's open source strategy.
New technologies for stronger cybersecurity
Digital accounts for 86% of our incoming contacts, with 700 million logins per year, mostly from mobile devices. Mobile has been the most-used medium since the end of 2012. This profound change in the bank’s customer relations has heightened the security challenge, which Societe Generale will address by more than doubling its IT budget for cybersecurity and investing in new technologies.
Blockchain is revolutionising the trading process
Technological advances in the trade finance sector are accelerating rapidly, notably with Blockchain technology in particular. Societe Generale is at the forefront of this trend, working on numerous projects such as We.Trade or Easy Trading Connect, developed together with its European partners. Societe Generale is aiming to build an entire ecosystem for trade finance and these tools are a fundamental part of this ambition.
FinHACK, a 36-hour FinTech hackathon in Hong Kong
To help promote innovation and the development of Hong Kong’s FinTech ecosystem, Societe Generale and WHub Ltd jointly launched a hackathon on 7-9 July, 2017 at Campfire Creative, a co-working space at Wong Chuk Hang in Hong Kong. The aim was to design and develop innovative solutions addressing business challenges in four main areas: Blockchain / Artificial Intelligence and ChatBots / Big Data / RegTech, InsureTech and WealthTech. Students, entrepreneurs, coders and developers worked together to invent and develop new ideas.
The spotlight will be on innovation from 3 to 6 July 2017 during TECHWEEK, a major event taking place at our technological hub in Val de Fontenay, Les Dunes. Over 4 days, we will discover 6 pillars of innovation through various stands, conferences, workshops, the Hub showrooms established in the Dunes.
Societe Generale takes 2nd spot in the Digital Champion rankings
Societe Generale has once again been recognised as one of the CAC 40’s top performers in advancing its digital transformation. At the 2017 edition of the eCAC40 Awards, Societe Generale was ranked second among the French top 40 companies that are managing the digital transformation challenge most effectively.
Find out our innovations Read the press release