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.
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.
Digital transformation: 3 formative steps
Digital transformation is everywhere; it has become a true container concept. Beyond the dogmas, however, there is a way for companies to structure this transformation in order to build a future in the new economic order.
Engaging employees for a successful Group transformation
Societe Generale has fully leveraged digital media to transform the banking relationship and is banking on its employees to drive this change. A massive project to provide employees with collaborative tools, development of in-house digital expertise, efforts to attract new employees with solid IT skills, new working methods, etc. Human Resources are the very heart of the group's digital strategy to expand each employee's digital skills and experience, reinvent banking relations and build the bank of tomorrow.