Sopra Banking Software and Particeep are joining forces to simplify online subscription to financial services in France and internationally. The vision behind this strategic alliance in our article.

Particeep and Sopra Banking Software: a unique vision for the benefit of online distribution of financial products

In a press release published on February 16, 2021, Particeep announced the entry into its capital of Sopra Steria, one of the European leaders in consulting, digital services and software publishing, and of Truffle Capital. Through Sopra Banking Software, it will now be possible to offer online subscription to financial products to 1,500 client financial institutions by integrating Particeep’s turnkey solutions.

Particeep and Sopra Banking Software share the same desire to boost the digital sale of banking products in France and abroad.

Particeep aims, through this strategic alliance, to democratize the online distribution of financial services and to position itself as a benchmark player in this segment.

In this context, a common go-to-market strategy is being studied between the Sopra Banking Software and Particeep teams in order to accelerate the international deployment of the Particeep Plug and Particeep Finstore solutions in the European, American and African markets. and Asian.

In addition, on February 11, Sopra Banking Software announced the launch of its Marketplace, which includes several fintechs including Particeep. Driven by the same ambitions to modernize and platform banking systems, Particeep is convinced that the future of banking depends on solid strategic partnerships like the one forged with Sopra Banking Software.

Steve Fogue, President and Co-founder of Particeep, said: “The democratization of the distribution of financial services on platforms is underway. Particeep will be able to position itself as a leader in this digital transition. We are delighted with this strategic alliance with Sopra Steria and Sopra Banking Software, which will enable us to accelerate the international deployment of our solutions to financial institutions. “

Guillaume Blot, Chief Digital & Innovation Officer – Senior Vice-President of Sopra Banking Software, concludes: “We are proud to support Particeep and to allow them to benefit from our strong presence in the European, American, African and Asian markets. Our Group’s commitment alongside Particeep is part of our desire to contribute alongside FinTechs to shaping the finance of tomorrow. “

Discover the article on the democratization of finance on the Sopra Banking Software blog. He looks back on the key moments of digital banking and on partnerships with fintechs in the context of open banking.

Focus on online subscription to financial products: the market today

The market for the online distribution of financial products has experienced unprecedented acceleration over the past year. A “boost” that comes in a context where the watchword is to limit physical movement.

According to a study published by Ailancy and Suricats, French banking customers are keen on multichannel and digital. 90% use the internet for online banking. Already 21% of French people subscribe 100% online to insurance products, 15% apply for loans online and 21% subscribe to investment products independently on the Internet.

In the latest barometer published by Deloitte “The French and new financial services”, the firm states that the banking and insurance universe is continuing to digitize. The Internet, whether fixed or mobile, is still largely preferred for day-to-day operations: 9 out of 10 French people bank online.

At Particeep, as a fintech that offers solutions for the online distribution of financial products, we have seen during the covid-19 period a 70% increase in demand for our Plug and Finstore solutions. We also recorded a 25% increase in subscriptions through our white label solutions.

Towards an open banking world

Shaping an open banking world, where end customers can subscribe to banking, insurance and investment products with just a few clicks from any web or mobile interface is the core mission of Particeep. Used by a hundred financial institutions in France and abroad, Particeep’s patented technology aims to create new models of open distribution of financial products.

The uses are multiple and meet the needs of online customers to equip themselves with financial products very simply. According to an SAB and CGI report, 80% of customers want digital subscription channels for banking products.

To learn more about our solutions, contact our team.

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