Sopra Banking Software Launches AI-Enabled Core Banking System
Summary
The cloud-native platform harnesses the power of cloud technologies and artificial intelligence, the global FinTech company said in a Tuesday (Oct. 10) press release. The SBP Core Platform features an open architecture, high scalability and integrated AI capabilities, Eric Bierry, CEO at Sopra Banking Software, said in the release. “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,” Bierry said. This is not a future vision; it’s our current reality.” The SBP Core Platform comes with a pre-configured Model Bank, allowing customers to quickly adopt the solution and benefit from lower total cost of ownership (TCO), according to the press release. With the planned acquisition, Visa will be able to provide its clients with core banking and issuer processing capabilities via cloud native application programming interfaces (APIs).