Financial technology company Sopra Banking Software (SBS) has introduced an artificial intelligence (AI)-driven core banking system in software-as-a-service (SaaS).
Sopra Banking Software is a subsidiary of European digital consulting company Sopra Steria.
The fully redeveloped, next-generation, modular, real-time, cloud-native core banking platform will support the company’s customer base by exploring the potential of both cloud technologies and AI.
Sopra Banking Software said that the new version of its SBP Core Platform is designed to support the most extensive range of banking services available. The platform covers significant domains, including deposits, lending, payments, compliance, and regulatory reporting.
The SBP Core Platform is said to easily integrate with the firm’s Digital Engagement Platform. This will offer a cost-effective and rapid time-to-market solution for banks looking for a full end-to-end banking platform, said the company.
Besides, the new platform helps to deliver an enhanced experience for both customers and employees, enabling them to concentrate on efficiency and productivity.
Offered as a SaaS solution, the SBP Core Platform features a completely pre-configured Model Bank. It will enable customers to adopt the solution rapidly and benefit from significantly lower total cost of ownership (TCO).
According to Sopra Banking Software, the platform’s architecture from its beginning was designed to offer a cloud-native development and runtime environment customised to address the specific requirements of the financial services sector.
Sopra Banking Software CEO Eric Bierry said: “After years of investments and a successful 18-month beta launch, the new version of the SBP Core Platform is now available to all our customers.
“With its open architecture, high scalability, and integrated AI capabilities, we anticipate this platform will be a game changer for banks. Delivered in Software-as-a-Service, it offers cost efficiency, the highest level of security, and seamless product updates, ensuring our customers can access our latest innovations without lengthy migration projects.”
