Sopra Banking Software launches marketplace for FinTech offerings

By Sunniva Kolostyak

Sopra Banking Software has announced the launch of a marketplace for partner FinTechs, hoping to consolidate offerings from its ecosystem to accelerate the modernisation and platformisation of banking and financial systems.

The marketplace will enable banks and financial institutions to leverage innovative use cases while using the power and richness of Sopra Banking Software’s products.

The solution provider said the marketplace demonstrates its aim to deliver modernisation and digital transformation for banks and institutions. Convinced that the future of banking and finance lies in the strength of a diverse ecosystem, Sopra Banking Software is combining its business expertise and technological strength with the innovative and digital capacities of FinTech.

The launch is also the next step of its platformisation strategy, which included the acquisition of Fidor and its marketplace at the start of the year, according to Guillaume Blot, Chief Digital & Innovation Officer – Senior Vice-President at Sopra Banking Software.

Blot explained: “To differentiate themselves, banks must offer their customers interconnected, integrated and invisible financial services. This insight is driving all of Sopra Banking Software’s teams who are working every day to build a technological ecosystem combining our robust solutions with open and specialised banking technologies provided by increasingly innovative FinTech.

“We are combining this ecosystem in our new Marketplace so that our customers can develop unique customer experiences,” he said.

Banks and financial institutions can thus leverage the full digitalisation chain and use cases linked to Open Banking, security, customer knowledge and engagement, data management and visualisation, documentary management, and even electronic signature.

Furthermore, Sopra Banking Software aims to continue developing innovative use cases for its customers across the world to enable partner FinTech to access new, either business or geographical, markets.

Today, Sopra Banking Software’s new Marketplace integrates solutions from numerous FinTech partners who are recognised in their domain; this panel that will constantly evolve in order to adapt to banking and financial usages and the challenges that lie ahead for business in the sector.

In order to provide the best possible experience and offer to banks and financial institutions, Sopra Banking Software selects FinTech based on several criteria: value-add for customers, reliability, and the speed at which their services are implemented and integrated into Sopra Banking Software’s platforms (Sopra Banking Platform et Sopra Financing Platform).