Friday, May 18, 2018

Societe Generale Invites Fintech, Technology Startups and Universities to Join Forces in Digital Transformation

Societe Generale Global Solution Centre (SG GSC) announces the 2018 edition of Catalyst and calls for Fintech, Technology start-ups and Universities to take part in the digital transformation of the banking industry. Catalyst, a 10-week accelerator program, aims at connecting innovation experts and enterprise-relevant technology startups with Societe Generale business leaders, to deliver actionable solutions and insightful research, in areas of strategic interest to the banking industry.

Hosted at SG GSC premises, from 22nd June to 31st August, the 2018 edition of Catalyst will provide participants with over 250 global business cases, spanning 16 countries. A collaborative platform, Catalyst will provide participants with the required operational skillsets, infrastructure and application to test, iterate and scale their products on real business scenarios and data volumes. 

Rathnaprabha Manickavachagam, Head of Innovation, SG GSC says, “Catalyst is an excellent platform to realise innovation ambitions and design disruptive solutions which can benefit end customers. From the past editions, over 35% of the recommendations have already been adopted. SG GSC has signed commercial contracts with the selected startups to further develop their solutions to the required scale for global implementation within the bank.”

Vijay Nadadur, Co-Founder & CEO, Stride.ai (www.stride.ai), and previous beneficiary of Catalyst says “The Catalyst program by Societe Generale was a defining moment in our journey. At the end of the program, we had the ultimate joy of signing up, Societe Generale as our customer. This has led to our business grow leaps and bounds, and today we have more than 10 large financial services organizations, as our customers. Without Catalyst, this wouldn't have been possible."

In line with its commitment to anticipate the fast-changing customer demand, Societe Generale is developing its innovation strategy by experimenting with disruptive technologies and stepping up its interaction with the digital ecosystem in a spirit of open collaboration. The Group is notably dedicating €150 million euros over three years in an innovation fund to finance internal and external start-ups strategically aligned to digital transformation.

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