The banking and financial sector is under tremendous pressure to introduce profound changes in its business models and thereby revitalise its growth strategy.
Banks are facing greater demand for transparency in liquidity and risk management (Basel II, Basel III, IFRS9), permanent regulatory reforms and new strict regulations imposed by the European Union on payments (Single European Payments Area - SEPA).
They need to respond to increasingly demanding and volatile customers.
Economic constraints are forcing financial services to increase transaction volumes and reduce back-office costs by setting up shared specialisation centres, and credit and payment factories in which Sopra Banking Software solutions constitute a key element.