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.
Internal Startup Call
Societe Generale has launched a major intrapreneurship programme known as Internal Startup Call. Open to all Societe Generale Group employees worldwide, starting this week, the Internal Startup Call is designed to give everyone the resources they need to invent new disruptive activities that offer strong potential for the Group. February 16th, was held 144 teams, from a number of different countries and entities, defended their projects in front of the members of the Group's Management Committee. This event took place at "Le Plateau" innovation space at The Dunes complex to the east of Paris.
Internal consulting is opening up to startups
SG Consulting operates on a similar business model to that of a consultancy firm. Exposed to the Group’s requirements, it has developed specific know-how and an offer that is tailored to the Group’s needs. It has acknowledged expertise in scoping complex projects, the operational efficiency of organisations, outsourcing and certain banking and regulatory topics.
First Innovation Week in the UK
Running from 7-9 November 2017, Societe Generale held its very first Innovation Week in the UK, bringing together staff, experts from the industry and FinTechs for open discussions to encourage collaboration, the sharing of ideas and emerging opportunities.
As part of the Week, Anthony Woolley, Head of Group Innovation for Societe Generale in the UK, shares his views on the relationship between Fintechs and tech giants.
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
Group Innovation Awards: the winners
As is does every year, Societe Generale is rewarding its staff members’ innovations. During the ceremony that took place on 2 October at the start-up Plateau in the Dunes, 5 awards were presented by Group CEO Frédéric Oudéa and his Deputy CEOs. The Group Innovation Grand Prix award has gone to YUP, Mobile Money Solution and Moonshot-Internet, AssurTech for e-commerce. The winner of the Public award is Crédit du Nord and its voice biometrics technology. The Staff award has gone to Private Banking’s Robo-Advisor. Last but not least, the Special CSR award has been given to the Contactless donations screen
for our partner charity associations.
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.
The Dunes technology hub, located at Fontenay-sous-Bois, is an illustration of the digital adventure Société Générale and its employees have embarked on in recent years. This innovative site, which welcomed its first occupants in September 2016, is where most of the Bank’s IT functions are hosted.
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.
Big Data - the devil is in the detail
In 2015, 8,000 gigabytes of data were collected around the world, and this volume is set to double every two years. Big Data can be defined as “all technologies, methods and practices intended to store and rapidly analyse extremely large data sets”. It is an amazing source of new opportunities for businesses.