Societe Generale ranked No.1 for digital maturity
After ranking fourth in 2014 and 2015, then third in 2016 and second last year, Societe Generale Group has been recognised most advanced company in terms of digital transformation, across all evaluation criteria: digital culture, technological expertise, relationships with the innovative ecosystem, security, external communication.
The 5th annual eCAC40 Awards, organised by the editorial team of Les Echos Executives and Gilles Babinet, France’s Digital Champion at the European Commission, reward the French top 40 companies for their digital maturity.
No.1 company for digital transformation in the French eCAC40 Awards
After ranking 4th in 2014 and 2015, 3rd in 2016 and 2nd in 2017, Societe Generale group has been recognised as the most advanced company in terms of digital transformation, across all the award's evaluation criteria: digital culture, technological expertise, relationships with the innovation ecosystem, security and external communication.
Frédéric Oudéa, Chief Executive Officer of Societe Generale Group
This first prize and our constant progression in the rankings since the 1st edition of eCAC40 reflect the strategic and coherent nature of our digital transformation in all its dimensions. This is the result of the extraordinary mobilisation of all our teams, which is not only technological but also - and above all - cultural.
Innovations serving our clients
For a number of years now, Societe Generale has been pursuing an in-depth digital transformation involving all of its staff. Discover our Connected Bank strategy through practical innovations that benefit our clients.
Launch of Global Markets Incubator
Societe Generale Corporate & Investment Banking (SG CIB) is inviting applications from market-dedicated Fintechs to be part of its innovative Global Markets Incubator. The incubator is seeking to co-build high-performance offerings, and will be aiming to work with the most innovative Fintechs that add value to services for clients. The selected Fintechs will benefit from SG CIB’s recognised market expertise, as well as the backing of Le Swave incubator based in La Défense, Paris.
Acquisition of Treezor, one of France’s pioneering Banking-as-a-Service platforms
Treezor is one of France’s pioneering Banking-as-a-Service platforms, providing services across the entire payment chain through API to many innovative financial-sector companies. This acquisition is part of Societe Generale Group's “Transform to Grow” strategy. It will enhance the Group’s capabilities to deliver innovative services and products to its clients with increased time to market. It reinforces Societe Generale’s position as one of the leading partners for Fintechs and financial institutions.
komgo: using blockchain to transform commodities trade finance
Fifteen of the world’s largest institutions, including banks, trading companies, an inspection company and a major energy firm have formed a new venture known as komgo SA, that seeks to digitalise the trade and commodities finance sector through a blockchain based open platform.
Intrapreneurship to boost innovation and agility
The Internal Start-up Call is the big intrapreneurship programme launched by Societe Generale to boost innovation and agility. The dynamism of internal start-ups like Moonshot-Internet, Elyxir and Step 31 has confirmed the strong entrepreneurial spirit on which the Group has decided to focus. These intrapreneurs’ journeys should benefit everyone, first and foremost the Group’s 30 million clients.
Societe Generale nurtures and accelerates innovation in order to better serve its clients, integrating all the potential avenues offered by digital. For new uses, new services: the bank is committed to anticipating the needs of its clients and to inventing new banking solutions to meet them.