Societe Generale Opts for Axefinance#s ACP Solution for Multi-entity Retail Lending Digitalization

Stocks and Financial Services Press Releases Tuesday September 17, 2019 11:00
AMSTERDAM--17 Sep--PRNewswire/InfoQuest

Societe Generale decided to embark on a retail lending transformation journey across multiple African affiliates through its SG ABS entity. With the aim of harmonizing, consolidating and improving their existing credit processes, this project is a key pillar of SG's international growth strategy.

After a careful selection process, Societe Generale selected axefinance in part because of its ability to provide a multi-entity end-to-end Lending Digitalization solution combined with an innovative implementation approach.

Many factors tipped the scale in axefinance's favor: the flexibility and scalability of ACP, impressive functional coverage, proven expertise, strong partnership with the SG Group, and a successful track record in EMEA region.

Karim Rekik, Executive partner at axefinance says:

"It's a pride that Societe Generale is renewing its trust in us after previous ACP's successful implementations (such as in SG Bulgary, SG Moldavia, SG New Caledonia, SG Senegal etc.) We aim to go the extra mile to strengthen our partnership with SG and its international subsidiaries to fully ensure our role as an enabler of their lending digital transformation."

Youness NFISSI, Retail Manager at Societe Generale ABS confirms:

"Societe Generale Group is growing business very rapidly and successfully in around 20 African countries. In order to support its development and fully catch the continent's growth potential, we were looking for a cutting-edge credit granting tool, adjusting to multibank setup and allowing for digital, reliable and fast processing. We are very confident that axefinance's technology will significantly contribute to making our clients' experience even more unique."

About axefinance:

Founded in 2004, axe finance is a global software provider focused on lending automation for financial institutions looking for an edge in productivity and customer service for any and all client segments: retail, SME, corporate, etc. ACP is axe finance's solution available either as a locally hosted or SaaS and trusted by well renowned banks.

About SG

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of the world. Societe Generale ABS is part of the Corporate & Investment Banking Division of SG Group, SG ABS delivers Innovative IT Services to SG African subsidiaries.

Photo - https://mma.prnewswire.com/media/974248/SG_ABS_signature.jpg
Contact:
Imen Jgham
Chief Marketing Officer
imen.jgham@axefinance.com

Latest Press Release

Despite Global Pandemic and Recession - 4ARTechnologies is the First Start-up to Fulfil Its ICO Promises With Innovative Product Release and Exchange Listing

Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the art innovation that already has customers in over 60 countries, and has now successfully placed its cryptocurrency...

SET welcomes leading latex gloves producer STGT on July 2

The Stock Exchange of Thailand (SET) will list Sri Trang Gloves (Thailand) pcl, Thailand’s leading latex gloves manufacturer, on July 2, under the ticker symbol "STGT". The company has a market capitalization at its initial public offering (IPO) of...

Majority of customers likely to stick to existing primary banking relationship after opening digital bank accounts, PwC study

- 71% of Singapore customers have at least one pain point with their bank today and those with more than three pain points are more likely to open a digital bank account. - Customers still look for the human touch when it comes to more complex...

KTC partners with VISA in offering new Tap & Go with KTC VISA credit cards payment experience and earn up to 1,000 Baht credit cash backs.

“KTC” or Krungthai Card Public Company Limited, by Mr. Tosapong Rangkawara, Vice President – Credit Card Business, jointly with Visa International (Thailand) Limited, by Mrs. Angsumalin Fordham, Head of Business Development, offer a...

KTC partners with 9 beauty brands offering value for all beauty items.

“KTC” or Krungthai Card Public Company Limited, lets credit cardmembers glow beautifully with value with 9 leading beauty alliance brands through qualifying purchases of beauty items via online channels, as follows: L'Oreal Luxe brands...

Related Topics