Société Générale rolls out Finacle platform in China

Source: Infosys Technologies

Infosys Technologies Ltd. and Société Générale today announced the successful implementation of Finacle core banking, CRM, wealth management and consumer e-banking solution at Société Générale (China) Limited, the first French bank offering a wide range of corporate, private and retail banking services in China.

With Finacle, Société Générale's customers in China will have the convenience of Internet banking along with real-time access to account balances, and an expanded range of products and services online.

The state-of-the-art Finacle solution implemented across all branches of Société Générale (China) Limited has enabled the bank to embark on its ambitious retail growth and innovation agenda, with a highly scalable and flexible technology engine. With the solution, Société Générale (China) Limited is able to offer its customers a wider range of banking products and services. A central repository of customer data has enabled bank staff to see a single, 360 degree view of the customer. Further, all channels of communication of the bank - Internet, mobile, ATM, branch - are integrated to provide customers more convenience.

Haragopal Mangipudi, Global Head- Finacle, Infosys Technologies Limited, said, "We are delighted that Finacle has gone live at Société Générale (China) Limited and we are committed to supporting the bank achieve its objective of becoming the preferred retail banking services provider in China. China is strategically important for us with seven leading global banks operating in the country already powered by Finacle. We look forward to continue partnering with Société Générale on their future innovation and growth plans."

According to Jackson Cheung, Chief Executive Officer, Société Générale (China) Limited, "The right technology backbone, with the scalability and flexibility to match our growth pace, is important for us at this juncture to achieve competitive edge in the Chinese retail and corporate banking market. We are confident that our partnership with Finacle from Infosys will help us to grow our business and provide our customers with an innovative banking experience."

Société Générale (China) Limited is now using FinacleTM to create more innovative wealth management products and also plans to use the solution to enhance its customer acquisition strategy. As a leader in banking transformation, FinacleTM has a global footprint across 64 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner and Forrester. FinacleTM is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge's Special Award for "Innovative Use of IT".

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