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Sopra Banking Software launches AI-enabled Core Banking system

By Gloria Methri

October 11, 2023

  • AI
  • Digital Engagement Platform
  • FinTech
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Sopra Banking Software, SBS, FinTech, AI, SaaS, Cloud, Digital Engagement Platform, SBP Core Platform, FranceSopra Banking Software (SBS) has launched its next-generation, modular, real-time, fully cloud-native core banking platform. The fully redeveloped platform is a significant milestone for SBS’s large customer base, unlocking the potential of both cloud technologies and artificial intelligence (AI).

“After years of investments and a successful 18-month beta launch, the new version of the SBP Core Platform is now available to all our customers. With its open architecture, high scalability, and integrated AI capabilities, we anticipate this platform will be a game changer for banks. Delivered in Software-as-a-Service, it offers cost efficiency, the highest level of security, and seamless product updates, ensuring our customers can access our latest innovations without lengthy migration projects,” said Eric BierryCEO at Sopra Banking Software.

Designed to support the most comprehensive range of banking services available, the SBP Core Platform encompasses key domains, including deposits, payments, lending, compliance, and regulatory reporting.

It seamlessly integrates with SBS’s Digital Engagement Platform, delivering a cost-effective and rapid time-to-market solution for banks seeking a full end-to-end banking platform (‘front-to-back’). It helps provide an improved experience for both customers and employees, allowing a sharp focus on efficiency and productivity.

“A few years ago, we pioneered the introduction of a component-based core banking platform. Today, we aspire to be at the forefront of integrating AI into essential banking systems. This is not a future vision; it’s our current reality. And we are dedicated to making it accessible to everyone through significant and ongoing investments in the years to come,” added Michel De BolleCPO at Sopra Banking Software.

The SBP Core Platform is offered as a Software-as-a-Service (SaaS) solution and comes with a completely pre-configured Model Bank, allowing customers to adopt the solution very quickly and benefit from significantly lower TCO (Total Cost of Ownership).

Since its inception, the platform’s underlying architecture was designed to provide a cloud-native development and runtime environment tailored to meet the specific needs of the financial services industry, allowing SaaS operations characterized by high availability and top-tier security.

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