Société Générale – Digital Transformation Strategies
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Société Générale Digital Transformation Strategies Report Overview
Société Générale has been focusing on using artificial intelligence, cloud, data analytics, and cybersecurity to digitally transform its operations. The annual ICT spending of Société Générale was estimated at $2.7 billion for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Société Générale is a financial services group headquartered in France. The group’s operations include retail banking, private banking, corporate and investment banking, insurance, securities services, and credit. The French Retail Banking division includes Société Générale, Boursorama Banque, and Credit du Nord. The International Retail Banking division offers financial services to corporates in Russia, Africa, and Eastern and Central Europe. The Global Banking arm offers integrated financial solutions and expertise in key international markets. Société Générale’s product offerings include savings accounts, insurance, payment cards, deposits, financing, equities, fixed income and currencies, and alternative investments. The group operates through a network of branch and representative offices and online portals that cater to individuals, commercial organizations, SMEs, high-net-worth individuals, and wealthy family clients. Société Générale operates in Europe, the Americas, Africa, and Asia-Pacific.
Total ICT Spending 2023 | $2.7 billion |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | Artificial intelligence, cloud, blockchain, and bigdata. |
The Société Générale Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, venture arm, investments, and ICT spending among others.
Digital Transformation Strategies
Société Générale is adopting open banking strategy to meet evolving client expectations. This involves partnering with innovative entities and using application programming interfaces (APIs) to open up its IT systems, ensuring security, compliance, and regulations are upheld.
Buy The Full Report To Gain More Insights On Digital Transformation Strategies And Initiatives Of Société Générale, Download A Free Report Sample
Société Générale Technology Theme Focus
Société Générale is utilizing several emerging technologies including artificial intelligence, cloud, blockchain, and cybersecurity among others to enhance its operational and service capabilities.
Société Générale Technology Focus
Buy The Full Report To Know About Other Technology Themes Under Focus For The Company, Download A Free Report Sample
Société Générale Technology Initiatives
Société Générale has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2022, Société Générale partnered with Surecomp (a back-office trade finance operations solutions company) to utilize the latter’s IMEX platform in its Asian operation. IMEX is a cloud-based API connectivity platform that helps with automation and real-time processing while supporting decision-making in the bank’s trading activities.
Buy The Full Report For More Insights On Other Technology Initiatives Of Société Générale, Download A Free Report Sample
Société Générale ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Société Générale ICT Spend by Function, 2023 (%)
Buy The Full Report For More Insights On ICT Spending By Function, Download A Free Report Sample
Société Générale ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Société Générale ICT Spend by Channel, 2023 (%)
Buy The Full Report For More Insights On ICT Spending By Channel, Download A Free Report Sample
Société Générale External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Société Générale External ICT Spend by Segment, 2023 (%)
Buy The Full Report for More Insights on External ICT Spending By Segment, Download A Free Report Sample
Scope
This report provides:
- Insight into Société Générale’s technology activities.
- Insights of its venture arm.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Société Générale’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
ford
goldman sachs
tagpay
backbase
roadzen
addventa
surecomp
mutumutu
moonshot insurance
Table of Contents
Frequently asked questions
-
What was the total ICT spending of Société Générale in 2023?
The annual ICT spending of Société Générale was estimated at $2.7 billion in 2023.
-
Which is the leading ICT spending category by function for Société Générale?
Network is the leading ICT spending category by function for Société Générale in 2023.
-
Which is the leading ICT spending category by channel for Société Générale?
Internal development and maintenance is the leading ICT spending category by channel for Société Générale in 2023.
-
Which is the leading ICT spending category by segment for Société Générale?
Software (including cloud SaaS) is the leading ICT spending category by segment for Société Générale in 2023.
-
What are the key technology themes in focus for Société Générale?
The key technological themes in focus for Société Générale are artificial intelligence, cloud, data analytics, and cybersecurity.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.