French bank BFM to use SAB’s tech solutions for digital transformation



French banking major Banque Francaise Mutualiste (BFM) has partnered with SAB AT in a bid to upgrade the former’s information system.

SAB AT, which offers highly customizable technological solutions to financial institutions, will offer the company with solutions related to customer management, the origination phase up to the management of consumer loans, the management of passbook accounts, amicable and contentious collection and treasury operations amongst others.

Henri Assaf, General Manager of SAB said in a statement that, “We are proud to have won this contract, which is a sign of the confidence that Banque Française Mutualiste has placed in us in this major transition. In addition, working together with Banque Française Mutualiste and all the stakeholders involved in this project has proven to be extremely rewarding.”

Through the partnership, SAB AT will also help manage the French lender’s exchange flows with market and distribution partners and ensure the accounting of all operations, besides the associated regulatory reporting production, all in multi-establishment mode.

The 30-year-old software solutions provider has helped over 230 banks globally with their digital transformation processes so far.

“We were looking for a technological partner capable of perfectly understanding and comprehending our business and the challenges of its digital transformation. SAB’s recognized expertise in the field of Co-Banking software has become established,” said Michel Coudrais, Managing Director of Banque Française Mutualiste.

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