Sopra Banking Software (SBS) has become a participant in the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program. This initiative is designed for AWS Partners offering software solutions that either operate on or integrate with AWS, facilitating co-selling opportunities.
The ISV Accelerate Program aims to boost business growth and expedite sales processes by linking participating ISVs directly with the AWS sales team. Since 2016, SBS has collaborated with AWS to enhance its digital, cloud-native banking platforms for financial institutions globally. This strengthened partnership will foster ongoing innovation in SBS’s banking solutions and financial services on AWS, assisting banks in adapting to a digital landscape increasingly driven by AI.
The banking sector’s expanding AI aspirations are prompting a shift towards cloud-based infrastructures, with public cloud service spending projected to rise by over 20% in 2024. Many financial entities that initially transitioned a single business area to the cloud are now aiming to migrate more, if not all, of their services. As AI becomes integral to banking operations, adopting comprehensive cloud-based systems is essential for transforming extensive historical data into business growth.
By leveraging AWS for its Sopra Banking Platform and Sopra Financing Platform, SBS empowers banks of all sizes—retail, commercial, and corporate—as well as financing entities across various markets to adopt a Software-as-a-Service (SaaS) model for cloud migration and digital transformation.
SBS’s AWS-powered solutions streamline operations across the banking and financing spectrum, including:
Digital & Open Banking: Facilitates customer onboarding, daily banking, and open banking, enabling secure access, analysis, and management of customer data to enhance financial well-being with personalized, predictive insights.
Core Banking: Supports everyday retail banking functions such as deposits, lending, payments, and compliance for all customers, across all locations, through a unified digital platform.
Payments: Allows banks to seamlessly integrate new functionalities covering the entire payments process, including instant payments, requests to pay, open banking payments, fraud monitoring, and payments reporting.
Risk Management, Regulation, and Reporting: Ensures compliance with market-specific regulatory changes and improves communication with stakeholders.
Wholesale Finance: Converts traditional, manual processes in wholesale asset financing, like loan processing and client onboarding, into automated digital functions.
Eric Bierry, CEO of Sopra Banking Software, stated: “As banks and financial institutions advance in their digital transformations, they increasingly recognize the necessity of large-scale, cloud-based architectures for success.
“Our intensified collaboration with AWS addresses this need, enabling us to extend our banking and lending solutions to a broader market segment.”
SBS’s parent company, Sopra Steria Group, has been working with AWS since 2016 to accelerate enterprise transformation with innovative, scalable data and AI solutions.
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