NEW RESEARCH: Sopra Steria: working together in Financial Services

The aim of the Sopra and Steria tie-up was to create a business that could be a preferred partner for European corporates, offering integrated and end-to-end capability to deliver digital transformation. It looks to us that the UK Financial Services operation of the merged Sopra Steria provides a good example of how combining the two component parts can drive additional value.

Together the businesses have good relationships with several large financial services customers and a track record in transformation projects (such as the recent work for the Co-operative Group and Royal London) as well as in systems integration and services-led BPO. The company also has a well-established banking software business and is having success with its modular banking solution, selling to newcomer banks as well as helping the incumbents move forward. The company is also actively pushing its utility or shared-infrastructure model. It has also developed a close partnership with SAS which will prove to be of significant value as sector participants look for best-in-class approaches in Big Data.

The Sopra Steria Group has earmarked the Financial Services sector as a source of significant growth and margin and sees substantial potential in the UK. Consequently, it is investing in additional resources here to provide specialist solutions across the wider banking sector. As the financial services sector tries to accelerate its rate of change, Sopra Steria’s wide portfolio of skills, from transformation management to Big Data implementation and the provision of modular, specialist banking software, should be in a strong position.

Subscribers to FinancialServicesViews or our Foundation Service can access this company report here. If you wish to subscribe to our services, please contact Deb Seth of our Client Services team.

Posted by Peter Roe at '09:54' - Tagged: bpo   software   bigdata   banking