France-based Sopra Banking Software (SBS) has launched a fully redeveloped AI-enabled core banking system, designed to help banks scale their digital services.
SBP’s cloud-native Core Platform encompasses key domains, including deposits, payments, lending, compliance, and regulatory reporting. The Software-as-a-Service (SaaS) solution integrates with the firm’s Digital Engagement Platform and is being targeted at banks seeking a full end-to-end banking platform.
In recent months, banks globally have been upgrading their platforms as part of ongoing digital transformation in the industry. Earlier this month, Dubai Islamic Bank (DIB) completed the integration of the HPE GreenLake edge-to-cloud platform, becoming the latest bank in the Middle East to enhance its core banking system.
According to SBS, a key benefit of its platform is its pre-configured Model Bank, which allows customers to quickly adopt the solution whilst reducing Total Cost of Ownership (TCO).
Eric Bierry, CEO at Sopra Banking Software 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.”
Michel De Bolle, CPO at Sopra Banking Software added: “A few years ago, we pioneered the introduction of a component-based core banking platform. Today, we aspire to be at the forefront of integrating AI into essential banking systems. This is not a future vision; it’s our current reality. And we are dedicated to making it accessible to everyone through significant and ongoing investments in the years to come.”
