Sopra Banking Software the global financial technology company announced that it will immediately begin using the brand name SBS as part of a global rebranding initiative.
The change in name offers a nod to the company’s roots as it starts a new chapter with Axway to build an enterprise software group with a focus on integration and financial services software products. SBS will continue as a stand-alone operating company under the leadership of CEO, Eric Bierry.
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Axway completed the purchase of Sopra Banking Software earlier this year.
Founded in 2012 as Sopra Banking Software, SBS powers the end-to-end digitisation of global financial institutions and lenders, including Societé Generale, Santander, KCB Bank, Mercedes- Benz and Toyota FS amongst others.
The company’s Software-as-a-Service (SaaS) and cloud-native technology offers a composable-based approach to digitisation, so financial institutions and lenders can transform at scale without disrupting their existing infrastructures.
SBS remains committed to its mission to make financial services accessible
This includes providing cloud-native and modular core banking systems, curating customer experiences through digital engagement solutions, and embracing open finance and embedded finance with non-banking entities. The transition to a cloud and SaaS model will continue to be a central focus.
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By GlobalDataEric Bierry, CEO of SBS, said: “We’ve been evolving alongside our clients for many years, continuously enhancing their capabilities and introducing them to innovative products. Our commitment to providing the best technology remains unwavering. As we set our sights on future growth, this name change reflects our ambitious plans to stay sharp and focused alongside our partners and customers. We’re now better positioned than ever to support our customers, ensuring they are well-equipped for long-term success.”
SBS will continue to serve its global customers with its headquarters to remain in Paris, France. SBS and Sopra Steria will continue their collaboration as strategic partners.
