Sopra Steria signs SAS Analytics Deal for new Entrant Banks

Largest agreement of its kind in the UK will provide affordable cloud-based analytics for banking entrants

Sopra Steria has today announced that it has become a SAS Managed Analytic Services Provider(MASP). The deal – the largest agreement of its kind in the United Kingdom – will enable Sopra Steria to offer high end analytic capabilities to new entrant banks at a cost-effective price point.

The new cloud-based banking analytic capabilities will form a part of Sopra Steria’s Modular Digital Banking solution. New entrants joining the banking market need to have a deep understanding of their customer base – to achieve this, access to high quality and flexible analytic solutions is essential. Sopra Steria’s new offering will provide these banks with business specific analytic solutions on-demand that will support and develop in line with their business growth.

The new solution includes:

  • Customer Intelligence capability including a real-time decision engine with integrated marketing automation and advanced analytics
  • Advanced Visual Analytics capability that extends from self-service Business Intelligence to creating descriptive and predictive models
  • An enterprise grade model development, deployment, execution and monitoring environment providing the capability to satisfy regulatory compliance requirements such as IFRS9 and GDPR
  • Industry leading data management capability complete with an integrated Banking Analytical Data Model as well as Data Integration, Data Quality and Master Data Management capabilities

Melba Foggo, Sopra Steria’s Managing Director for Financial Services, comments: This agreement cements our position as the forward-looking partner of choice for new entrant banks, and extends our unique offering to the market. Our Modular Digital Banking solution already delivers end-to-end value across all banking operations for both new and established banks. In addition, the announcement builds on our strong partnership with SAS and strengthens our ability to continually shape flexible service offerings that drive value for our clients.”

Rob Spee, Director of Global Channel Programs, SAS says: “We are delighted that Sopra Steria has chosen to become a SAS Managed Analytic Services Provider (MASP). We introduced the MASP programme to help customers increase their ability to be more agile and responsive to market changes. This agreement, combined with Sopra Steria’s financial services expertise, will provide powerful, cost effective analytic solutions for the banking industry.”

Author: Dylan Jones

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