In brief: Société Générale relies on Tenemos to complete its digital transformation

Societe Generale has announced its partnership with Tenemos, a global banking software specialist that operates in more than 3,000 banks worldwide. Tenemos offers software based on cloud and AI technologies, enabling banks to offer more digital and connected services. Temenos' core banking already powers some of Europe's leading FinTechs.

Societe Generale will now rely on Tenemos to:

• Modernize its transaction banking platform in Europe and Asia;
• Adopt the ISO 20022 standard for electronic data interchange between financial institutions for payment messaging;
• comply with international payment systems in multiple jurisdictions.

Societe Generale's adoption of Tenemos' services will primarily concern the bank's corporate customers, but this strategy illustrates the profound transformation of the entire French banking group, all targets included, which is managing its digital transformation at full speed (notably via partnerships with innovative players or via the APIsation of its offerings).