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24.01.18

Societe Generale’s Global Transaction Banking activity rewarded by Global Finance for its Western Europe and Emerging Markets expertise

The Global Transaction Banking activity of Societe Generale has been awarded prizes of ‘Best Trade Finance Provider’ in Western Europe and ‘Global Best Bank for Trade Finance’ in Emerging Markets by Global Finance magazine.

 

Societe Generale has also been named ‘Best Trade Finance Provider’ in France, its domestic market, for the fourth consecutive year, as well as in Algeria, Cameroon, Ivory Coast, Senegal and Tunisia.

 

In an always evolving economic and political environment for international trade, these awards recognize the expertise developed by Societe Generale’s teams on providing advice and financing to accompany the international development of both importers and exporters. In addition to the know-how developed by the specialized teams from the support of a strong international network and key investment in technological innovation.

 

Pascal Augé, Head of Global Transaction & Payment Services at Societe Generale, commented: “These awards acknowledge the expertise of our teams and their commitment to accompany our clients in their development all over the world in a changing, and sometimes difficult, environment.”

 

With a broad range of international trade products and services, Societe Generale has a leading position in trade finance in its core markets. Societe Generale Global Transaction Banking activity’s network spreads across more than 50 countries and includes business experts, product managers, as well as transaction processing and customer service specialists with in-depth knowledge of international trade financing.

 

Press Contact: Inti Landauro – +33 1 42 14 61 11 – inti.landauro@socgen.com – @SG_presse

20.10.17

Societe Generale wins 11 awards from EMEA Finance and Global Finance

Global Transaction Banking arm of Societe Generale (SG GTB) has won eleven awards in many categories in EMEA Finance and Global Finance Magazine’s latest annual industry awards. 

 
“The high number of awards underscores our commitment to develop solutions for our clients in a changing and challenging environment, said Pascal Augé, Head of Societe Generale’s Global Transaction & Payment Services. “Our vast network of local teams and transaction banking experts have allowed us to be up to the challenges and be recognized as a leading player in these markets.”
 

The awards granted to Global Transaction Banking’s teams show the activity is growing fast and is strengthening in all the areas where it operates.
 

For its Treasury Services awards, EMEA Finance has named SG GTB as:
 

• Best Cash Management Services in EMEA

• Best Factoring Services in EMEA, Africa, Europe

• Best Trade Finance Services in EMEA, CEE and North Africa

• Best Transactional Bank for Financial Institutions in Europe

• Best Treasury Services in Africa
 

In its 2017 Treasury and Cash Management Awards, Global Finance Magazine has awarded SG GTB in the following categories:
 

• Best Bank for Liquidity Management in Western Europe

• Best Treasury and Cash Management Provider in France
 

Press Release

17.10.17

Digital Trade Chain Consortium launches we.trade, announces Joint Venture and welcomes Banco Santander

Since January 2017, a group of seven banks (Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit), together with IBM, have been developing the Digital Trade Chain platform, a ground-breaking shared platform that aims at making domestic and cross-border commerce easier for European companies by harnessing the power of distributed ledger technology.

 

Recently, Banco Santander joined the consortium as a founding partner.

 

The eight founding banks intend to establish a Joint Venture company (JV) before end of 2017 that will own, manage and distribute the Digital Trade Chain platform. The intention is to incorporate the new legal entity in the Republic of Ireland.

 

Because of the expansion and the further internationalisation of the platform, the consortium has decided to rebrand the Digital Trade Chain platform to the more appealing , stronger brand name we.trade. From today we.trade will replace Digital Trade Chain as the name of the platform.

 

The enlarged consortium will continue to develop we.trade as a platform that can seamlessly connect the parties involved in a trade transaction i.e. the buyer, buyer’s bank, seller, seller’s bank and transporter. The platform will be accessible from any connected device.

 

This new product will simplify trade finance processes for companies by addressing the challenge of managing, tracking and securing domestic and international trade transactions. Companies can easily and efficiently trade with more trust.

 

The commercialisation of the platform is expected in Q2 2018. From February 2018 test clients of the founding banks will be able to use the platform.

 

We welcome other banks to join the platform as member of the consortium. Interested banks can contact the we.trade onboarding team.

 

we.trade video

 

we.trade onboarding team:

 

9.10.17

SIBOS 2017: Meet us in Toronto from 16 to 19 october

 

Societe Generale is exhibiting at SIBOS 2017 in Toronto, from 16 to 19 October, to showcase its broad range of commercial banking, prime brokerage and securities services. The Societe Generale delegates will provide insight into the Group’s growth ambitions and the various innovation projects underway.

 

SIBOS, organised by SWIFT, the global provider of secure financial messaging services, is an annual conference for the financial industry and brings together some 7,000 decision makers and experts from financial institutions, market infrastructures, multinational corporations and technology partners. SIBOS is the place to do business and collectively shape the future of the financial industry.

 

Attending for the 26th consecutive year, the Group is presenting products and services for corporate clients, financial institutions and brokers which include:
• Cash clearing services
• Trade services
• Cash management services
• Factoring
• Forex linked to transactions
• Global securities clearing services
• Execution to custody services
• Global and local custody
• Collateral management programs
• Brokerage

 
Societe Generale delegates have been invited to address current issues during dedicated conference sessions:
 
Banking/technology stream – 16 October, 9.30am (conf. room 1): “What does the future hold for banks – evolution or extinction?” with our Head of Interbank relationships, Frantz Teissedre.

Securities stream – 16 October, 3.30pm (conf. room 3): “How can middle and back-offices make use of artificial intelligence?” with Matthew Davey, Head of Business solutions at Societe Generale Securities Services

Banking stream – 18 October, 1pm (Standards Forum, Exhibition): “The new frontier of digitisation in global Corporate treasury” with our Global Head of Global Transaction Banking, Benoit Desserre

Banking stream – 19 October, 12.30pm (Conference room 4): “Digital Trade Chain : A unique collaboration initiative amongst banks” with our Global Head of Product Management & Innovation – Trade Services & Finance, Anne-Claire Gorge.

 
Societe Generale’s delegates and solution experts will be present at booth H10.

 
Visit our dedicated website: sibos.societegenerale.com

 

Press release

29.09.17

Societe Generale named Best Cash Management Provider in France by the Euromoney Survey

Societe Generale is pleased to announce it won the award of ‘Best Cash Management Provider’ in France by Euromoney as part of its annual cash management survey.

 

Historically 2nd or 3rd, it is the first time Societe Generale’s Global Transaction Banking unit has ranked top in the Euromoney survey in France.

 

“This is a great achievement and we are honored Euromoney’s survey shows our clients recognize our efforts to provide the highest standard of cash management services,” said Pascal Augé, Societe Generale’s Head of Global Transaction & Payment Services. “France is central to our corporate strategy and we aim to continue to develop our offering in the region”. 

 

This performance comes with improvements in other geographies. In the UK, for example, the bank registered a strong progression, jumping three places to rank third.

 

“We are pleased to see our global strategy comforted by our great progression in other key regions such as Central and Eastern Europe and Africa where we ranked in the top 3,” M. Augé said.

 

More than 300 cash management providers participated in this year’s Euromoney cash management survey, which covers Western Europe, Central & Eastern Europe, North America, Latin America, Asia, the Middle East, Africa and Australasia. Respondents were financial and non-financial institutions, who were asked to indicate the banks they use most for cash management services and to rate their leading cash management provider.

 

This year’s annual survey of the world’s cash management industry registered a response base in excess of 30,000, making it one of the most authoritative and comprehensive rankings available.

 

Press Release

21.08.17

Discover our GTB Offer in a 2 minutes video

16.05.17

Societe Generale Global Transaction Banking reinforces development strategy in the UK

To strengthen its presence in the country, Societe Generale Global Transaction Banking (SG GTB) has appointed Eric Bayle as Head of Global Transaction Banking in the UK. 

 

Previously Head of Payments & Cash Management in the UK, Eric Bayle’s main responsibilities will be to further develop Societe Generale’s transaction banking services in the country, offering non-banking financial institutions and corporates a wide range of banking services to optimise and manage their daily financial transactions and commercial operations. Services available to a domestic and international client base in the UK include cash management and payment services, trade finance and factoring.

 

In addition, Merel Josseaud is appointed Head of Trade Finance in the UK. Reporting to Eric Bayle, she will be responsible for expanding Societe Generale’s trade and import/export finance offering for clients based in the UK and the Nordics, covering Denmark, Finland, Iceland, Norway and Sweden. International trade finance products such as letters of credit and international trade guarantees will be available, as well as bespoke structured solutions.

Both appointments are based in London and effective immediately.

 

“The UK represents an important location in our global network,” confirms Benoît Desserre, Global Head of Global Transaction Banking. “With Eric’s leadership, our aim is to further expand our local client base by combining experience, know-how and innovative capabilities with our international expertise as a major banking group.”

 

Active in more than 50 countries with over 20 years’ experience, SG GTB offers a wide range of commercial banking services for non-banking financial institutions and corporates, including multinational corporations as well as large- and medium-size companies, who conduct business internationally.

 

 

BIOGRAPHIES

 

Eric Bayle 

 

Eric Bayle began his career in 1995 at Bank of America as Customer Service Officer. In 2000, Eric joined Mizuho Bank as a relationship manager responsible for a large portfolio of French CAC 40 corporates. He then joined the Societe Generale group in 2001 as a Relationship Manager responsible for local French SME’s and mid-caps and went on to become Senior Cash Management Sales Manager in 2005 in charge of American and Asian corporates implementing domestic and pan-European cash management products and solutions. In 2010, he moved to London and was appointed to his previous position as head of Payments & Cash Management.

 

Eric holds a Bachelor’s Degree in Economics from the University of Angers and a Master’s Degree in International Finance and Banking from the Faculty of Foreign Affairs at the University of Le Havre

 

Merel Josseaud 

 

Merel Josseaud began her career at Societe Generale in Amsterdam in 1989 and has held various positions in Trade Finance over the past 20 years covering a portfolio of large Dutch and international clients in Benelux, the Nordics and the UK out of Amsterdam.

 

Merel Josseaud studied at Hogere Economische School in Amsterdam and is a member of the Dutch Banking Association.

 

PRESS RELEASE

11.04.17

Societe Generale named ‘Distinguished provider of Transaction Banking Services’ by FImetrix


For a fifth consecutive year Societe Generale’s Global Transaction Banking (SG GTB) arm has been named “Distinguished Provider of Transaction Banking Services” for the quality of its Euro transaction service by FImetrix*.

 

The award identifies key service attributes for determining overall customer satisfaction among the world’s largest banks, taking responses directly from 650 senior executives from 98 countries.
Those surveyed include the most significant banks within their respective countries, and uphold important cash and trade activity both domestically and internationally.

 

FImetrix’s CEO David Burnett commented: “Our Distinguished Provider accolade, now in its fifth year, provides an annual benchmark based on dependable data and thorough analysis in an understandable and usable format. The foundation of the model comes from direct customer feedback about their provider network,”

 

Benoit Desserre, global head of global transaction banking and deputy head of global transaction and payment services at Societe Generale commented: “The dynamism of our teams, the solidity of our networks and the diversity of our products have played an important role in making Societe Generale the only French bank to receive this distinction.”

 

* FImetrix is dedicated to market research (both qualitative and quantitative) and consulting in the field of international financial services

 

Press Release

31.03.17

Societe Generale selects HPD software to support its international factoring expansion -Bank to roll-out commercial finance technology

Bank to roll-out commercial finance technology across banking network

 
Societe Generale, one of the largest financial services groups in Europe, has partnered with HPD, the global leader in working capital finance solutions and invoice finance, to further implement its Aquarius operating platform for the bank’s international factoring activities.
 
Designed to encourage business growth by securing client/supplier relationships, the receivables finance solution simplifies and standardizes processes, increases efficiencies
and minimizes risk for all counterparties. The solution provides a scalable end-to-end processing platform with multi product, location, language, currency and time-zone capabilities to facilitate automated cash allocation, real-time reporting and analysis, as well as workflow management.
 
Societe Generale has been working with HPD Software since 1993, rolling-out its solutions across the bank’s entities in France, Norway, Serbia, Bulgaria, Morocco, Russia, Germany, Cameroon, Ivory Coast and the Reunion Island with implementation currently underway in Romania. Over the recent years, factoring has experienced steady growth and is playing an increasingly important role in short-term business finance. This growth is characterized not only by a steady increase in the volume of transferred receivables, but also by a diversification of the offering. With the technical support provided by HPD, Societe Generale has gained a strong global foothold in this industry which its plans to pursue by progressively rolling-out the platform to its international entities.
 
Eric Frachon, Global Head of Factoring and Supply Chain Finance at Societe Generale, commented: “Present in 66 countries, the timing is right to further develop our international factoring activities to support the short-term financing needs of our clients, who range from small businesses to major corporations. The bank has worked with HPD for many years and as our trusted technology partner we feel confident in the team’s ability to support and underpin this activity with its market leading Aquarius platform.”
 
Kevin Day, CEO at HPD, added: “We are proud of our long-standing and close relationship with Societe Generale. This agreement is the start of a new chapter in our relationship and we are very excited about Aquarius being the platform to support the bank’s ambitious plans. “We look forward to our continued corporation with Société Générale, and helping the organisation to develop receivables finance globally.”
 
Presse Release

17.03.17

Societe Generale Global Transaction Banking strengthens its global payments and cash management team

As part of its development strategy to provide a clientele of corporations and financial institutions with a complete and competitive offering, Societe Generale Global Transaction Banking (SG GTB) has made the following appointments in Germany, Switzerland and the United States to strengthen its Payments and Cash Management team globally:

 

  • Gabriele Schnell has been appointed Head of Payments and Cash Management in Germany. Joining from HSBC Trinkaus & Burkhardt, she is based in Frankfurt.
  •  

  • Bart de Boer becomes Head of Corporate Cash Management in Switzerland. Previously Head of Payments and Cash Management in Germany, he is based in Zürich.
  •  

  • Jess Villarina has been appointed Head of Payments & Cash Management in the United States. Joining from Barclays Bank PLC, he is based in New York.

 

These appointments are effective immediately and report globally to International Payment & Cash Management within Global Transaction Banking, headed up by Aurélien Viry.
With an international network of more than 3,000 specialists in 50 countries supporting over 6,000 major corporate clients, SG GTB has gained a leading position with over 20 years experience in cash management worldwide. Backed by a strong presence in both Europe and mature and emerging markets worldwide, the Cash Management team provides a broad range of solutions which include multi-country and multi-currency accounts, payment processing and collection methods, domestic and international account statements and reporting, international e-banking and domestic and international cash pooling.

 

“These appointments will play an important role in developing our payments and cash management banking activities internationally in line with our clients’ needs to optimise cash flow and commercial and financial transactions,” comments Aurélien Viry. “Our ambition is to offer corporations and financial investors a wide range of banking services so they can get the most value from our product expertise, our global network and our in-depth knowledge of local markets.”

 

Press Release

31.01.17

Societe Generale named Best Trade Finance Provider in Western Europe and Emerging Markets by Global Finance

2017 Trade Fin Provider RedNThe Global Transaction Banking arm of Societe Generale (SG GTB) has been awarded ‘Best Trade Finance Provider’ in Western Europe and Emerging Markets as well as ‘Best Trade Finance Provider’ in Algeria, France and Romania by Global Finance magazine* at the Global Annual BAFT Forum in Madrid.
 
In a climate of economic and political uncertainty which can sometimes pose barriers to trade, these awards are recognition of the expert guidance provided by Societe Generale’s domestic teams to importers and exporters developing their businesses internationally, supported by a strong international network and continuous investments in new technologies.
 
Pascal Augé, Director Global Transaction & Payment Services, Societe Generale, commented: “We are honoured that our strong and long standing commitment to supporting our clients has been recognised. Trade Finance is an ever-changing environment and we are committed to continuing to offer our clients innovative products which support their businesses, in particular digital innovation with initiatives such as our recent Digital Trade Chain partnership to help European SMEs increase trade.”
 
With a broad range of international trade products and services, Societe Generale has gained a leading position in trade finance in its core markets. With around 800 employees supporting clients worldwide, SG GTB’s global network spreads across 56 countries and includes business experts, product managers, marketing specialists, and transaction processing and customer service officers with in-depth knowledge of international trade financing.
 
More information about Societe Generale’s solutions can be found at: https://import-export.societegenerale.fr/en.
 

*Global Finance is a monthly publication providing news and analysis about companies and financial institutions since 1987. Its audience includes Chairmen, Presidents, CEOs, CFOs and Treasurers across 163 countries.
 
Each year Global Finance selects the best financial institutions around the world. These awards have become a recognised and trusted standard of excellence.
 
Global Finance names the World’s Best Trade Finance Banks in 7 regions, 84 countries and globally in an exclusive survey. The editorial review board of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
 

More information about these awards can be found here: https://www.gfmag.com/media/press-releases/press-release-worlds-best-trade-finance-provider-2017 
 
Press Release

19.01.17

Seven Banks Plan Blockchain Platform to Help European SMEs Increase Trade

Award winning innovation will significantly simplify international trade transactions
 
A group of seven banks has agreed in principle to develop a ground-breaking shared platform that aims to make domestic and cross-border commerce easier for European small and medium-size (SME) businesses by harnessing the power of distributed ledger technology.

 
Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit signed a Memorandum of Understanding in Brussels under which they intend to collaborate on the development and commercialization of a new product called Digital Trade Chain (DTC).
 
This product is based on a prototype trade finance and supply chain solution originated by KBC and tested to ‘Proof of Concept’ stage. DTC, which won the Efma Accenture Innovation Award for “best new product or service of 2016” in October, is intended to seamlessly connect the parties involved in a trade transaction (i.e. buyer, buyer’s bank, seller, seller’s bank and transporter), online and via mobile devices.
 
This new product will simplify trade finance processes for SMEs by addressing the challenge of managing, tracking and securing domestic and international trade transactions. Larger companies use documentary credit as a way of reducing the risks involved in doing business, but documentary credit is not always suitable for SMEs or for companies that prefer open account solutions.
 
By maintaining secure records on a digital distributed ledger DTC will accelerate the order-to-settlement process and decrease administrative paperwork significantly. The platform’s end-to-end transparency will also give SMEs confidence to initiate trade with new partners in their home market or in other European markets.
 
By pooling expertise and resources the consortium members will jointly explore the development and launch of a scalable version of DTC. They will initially focus on building critical mass for DTC in seven European markets: Belgium and Luxembourg (KBC), France (Natixis, Société Générale), Germany (Deutsche Bank, UniCredit), Italy (UniCredit), the Netherlands (Rabobank) and the UK (HSBC).
 
Press Release

28.09.16

Societe Generale wins 11 awards from Global Finance and EMEA Finance

The Global Transaction Banking arm of Societe Generale (SG GTB) has been awarded in a total of 11 categories in Global Finance Magazine and EMEA Finance’s latest annual industry awards.

 

For its Treasury & Cash Management awards, Global Finance Magazine* has named SG GTB:

  • – Best Bank for Liquidity Management in Western Europe
  • – Best Bank for Financial Risk Management in Western Europe
  • – Best Overall Bank for Cash Management in Central & Eastern Europe
  • – Best Bank for Financial Risk Management in Central & Eastern Europe
  • – Best Treasury & Cash Management Provider in France

 
EMEA Finance** has named SG GTB in this year’s Treasury Services Awards:

 

  • – Best cash management services in EMEA
  • – Best trade finance services in EMEA and in North Africa
  • – Best factoring services in EMEA, in Europe and in Africa

 
Pascal Augé, Director Global Transaction & Payment Services, Societe Generale, commented: “We are honoured that our strong and long standing commitment to supporting our clients has been recognised. Transaction banking is an ever-changing competitive environment and we are committed to continuing to offer our clients innovative products which support their businesses. Key to our ability to do this is our network of local teams of professionals who are well-established within their regions and who have an in-depth understanding of their domestic market.”

 
*Global Finance magazine used a multi-tiered assessment process—which included a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research—to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision. 

 
**EMEA Finance, is a bi-monthly magazine, dedicated to the financial community, its customers, and suppliers across the EMEA region. The Treasury Services Awards 2016 consider various performance and structural factors, such as market share and growth, innovation and corporate strategy. These awards also take into account the results of an online survey of corporate treasury teams across the EMEA region. 

27.09.16

Appointments at Global Transaction Banking

Societe Generale has appointed Benoît Desserre as Global Head of Global Transaction Banking and Deputy Head of Global Transaction & Payment Services (GTPS), replacing Christian Behaghel who has decided to retire. He reports to Pascal Augé, Head of GTPS.
 
Benoît is replaced by Aurélien Viry as Head of Payments & Cash Management for GTB. In his new role, Aurélien is responsible for pursuing the development of the global cash management business line activities.
 
Benoît’s main responsibilities are to continue Societe Generale’s Global Transaction Banking strategic development to accompany its clientele of financial institutions and corporates as part of a broad-based banking relationship. On this basis, he will directly oversee 4 business lines: corporate cash management, cash clearing/correspondent banking, trade finance and factoring and will be supported by Societe Generale’s international network.
 
 
Biographies
 
Benoît Desserre, Directeur Payments & Cash Management
 
Benoît Desserre, who holds a Masters degree in Finance and Business Administration, joined the Societe Generale group in 1989. In 1991, he moved to New York and then Dallas as Senior relationship manager for large US corporates. In 1995, he returned to Paris to join and promote the International Commodity Finance Department before being appointed Director of Commodities and Trade Finance in Australia. In late 2003, he joined the French retail banking branch as Deputy Head of Corporates at the Paris Etoile Entreprises branch, taking over the reins in 2009 after two years at the Saint Germain-en-Laye regional retail banking branch. In 2013, he joined Global Transaction Banking as Head of Payments and Cash Management.
 
Aurélien Viry
 
Aurélien Viry, who holds degrees in Business Administration from ESCP and in Accounting and Finance, joined Societe Generale’s General Inspection department in 1990 and was appointed deputy head for the Group’s subsidiary in Seoul in 1996. In 1999, he became COO for the North Asian region and in 2001 he was appointed COO of SG Securities for Asia. In 2003, he returned to France to join the Global Equities and Derivatives Department as Head of the Middle Office. In 2005, he was appointed General Manager for GENEFIM, the Group’s real estate leasing subsidiary. In 2011, he joined Komercni Banka, the Group’s subsidiary in the Czech Republic, as a member of the management committee in charge of Risk.
 

27.09.16

Jean-François Mazure appointed as Head of Cash Clearing Services

Jean-François Mazure - © SOCIETE GENERALE - Régis Corbet
 
Societe Generale Global Transaction Banking (SG GTB) has appointed Jean-François Mazure as Head of cash clearing services. He replaces Emmanuel de Bouard who has decided to retire in the coming weeks. Based in Paris, Jean-François reports to Benoît Desserre, Head of global transaction banking.
 
Previously co-head of cash clearing services, Jean-François Mazure will pursue the strategic development of the correspondent banking business globally and will actively represent Societe Generale in key interbank organizations.
 
With an international network of more than 50 countries across 5 continents, SG GTB has gained a leading position in correspondent banking worldwide and provides a broad range of cash clearing services, processing international transactions for more than 1,000 banks and financial institutions.
 
“Jean-François’ experience in the Societe Generale group, and more recently as co-head of cash clearing services alongside Emmanuel de Bouard, will play an important role in developing our correspondent banking activities internationally in line with our clients’ needs,” states Benoit Desserre. “Our ambition is to offer financial institutions a wide range of commercial banking services so they can get the most value from our product expertise, our global network and our in-depth knowledge of local markets.”
 
 
Biography
 
A graduate of the ESCEM Tours business school and the University of Ottowa, Jean-François Mazure joined Societe Generale in 1993. He held several managerial positions in the French retail network, primarily working with SME and large corporate clients. In 2011, he was appointed Senior Banker for a portfolio of key agribusiness corporate clients, mainly in the French cooperative sector. In November 2015, he became co-head of Cash Clearing Services, one of the four global business lines within SG GTB.
 

26.09.16

Societe Generale present at Sibos 2016

25ansSociete Generale is exhibiting at SIBOS 2016 in Geneva this year, from 26 to 29 September, to showcase its broad range of commercial banking, prime brokerage and securities services.

 
SIBOS, organised by SWIFT, the global provider of secure financial messaging services, is an annual conference for the financial industry and brings together some 7,000 decision makers and topic experts from financial institutions, market infrastructures, multinational corporations and technology partners. SIBOS is the place to do business and collectively shape the future of the financial industry.
 
Attending for the 25th consecutive year, the Group is showcasing products and services for corporate clients, financial institutions and brokers which include:
 

  • • Cash clearing services
  • • Trade services
  • • Cash management services
  • • Factoring
  • • Forex linked to transactions
  • • Global securities clearing services
  • • Execution to custody services
  • • Global and local custody
  • • Collateral management programmes
  • • Brokerage

 

Delegates from Societe Generale have been invited to address current issues during dedicated conference sessions:

 

  • • Pascal Augé, Head of Global Transaction and Payment Services, will contribute to Making real time successful in the Eurozone
  • • Mathieu Maurier, Global Head of Sales & Relationship Management at Societe Generale Securities Services, will discuss EU securities markets transformation – Is the glass half empty or half full?
  • • Frantz Teissedre, Head of Interbank Relationships for Global Transaction Banking, will participate in a workshop discussion dedicated to the EBA clearing community’s outlook on its Instant Payments Infrastructure solution: Fast, Faster, Instant
  • • Paola Deantoni, Head of Post Trading Market, Senior Advisor SWIFT at Societe Generale Securities Services, will address Facilitating cross-border investing
  • • Dennis Sweeney, Managing Director, Global Liquidity & Collateral Management, will contribute to Real-time liquidity monitoring and management: Do banks still have the choice? and SWIFT’s intraday liquidity offering, a key service to comply with BCBS 248 and to optimise your liquidity

 
Societe Generale’s delegates and solution experts will be present at booth A36.
 
For more information about Societe Generale at SIBOS visit: sibos.societegenerale.com

23.09.16

Blockchain finance: neither mirage nor reality

Christophe Van Cauwenberghe, Head of Payment Innovation at Societe Generale, speaks about blockchain. (originally published in french here ).
 
Christophe Van Cauwenberg
 
Never has a subject caused so much passion in the world of finance, launching discussions at all levels with FinTechs who have received approximately $1.6 billion since 2013 in venture capital investments*. Despite an impressive concentration of brainpower to imagine the potential uses of this technology, no obvious application is yet to emerge simply because the Blockchain was not originally designed for the financial industry.
 
Bitcoin and its clones, presented by their fans as digital gold, are in fact ‘crypto tokens’ , whose issuing rules, exchange, traceability and safety are governed by a computer code which evolves under the control of a community. Their value varies according to highly volatile dedicated exchange platforms, a jungle in which banks have, for the moment, limited interest to be.
 
No government currently intends to use these crypto tokens, over which they have no control regarding their issue or convertibility, to receive taxes or pay civil servants and suppliers. Traditional currencies will therefore retain their pivotal role, even if some central banks are studying the issue of crypto-currencies to gradually replace banknotes, a disruption whose macro-economic impacts are yet to be measured. In any case, should it happen the economic world will adapt.
 
Marrying new Blockchain concepts with the financial world requires the development of underlying technologies able to cope with the constraints of financial activities, notably the levels of performance and privacy as well as the amount of regulatory information required. There is no certainty at this stage that the necessary efforts will result in a lighter financial system as there is a major dilemma to be solved. Either Blockchain overcomes its most complex attributes – such as the consensus engine to move towards a replicated database, which is resilient but not necessarily more effective or less expensive than a centralised system – or it keeps its original genetics but finds a way to coexist with conventional information systems, which doesn’t bode well for hopes to reduce their complexity.
 
The interesting concept of the Smart-Contract, which has proven popular with Ethereum, is in fact a programmable transactions engine. However, it is an ineffective program which has led to the “DAO”, the crowdfunding project, being hacked. Proof that we are yet to master the intrinsic risks of this technology.
 
For all these reasons, the Blockchain needs to mature further if it is to meet needs of the financial industry. It is still the source of many hopes but also as many questions regarding its ability to go right to the heart of business banking applications. Which is why it is particularly interesting to develop experiments and partnerships with FinTechs and so test the technology with the constraints of the banking sector. In this way we can learn to use it in a cooperative or private context and see whether the technology is able to be cost-effective in making more efficient and resilient transactional systems. Proof of this is yet to come but as the technology is evolving very fast we should remain optimistic. Just keep in mind that it will take time.
 
 

29.08.16

The mysterious potential of the blockchain

Christophe Van Cauwenberghe, Head of Payment Innovation at Societe Generale, discusses the future developments of blockchain within the banking industry and their potential benefits for clients.
 
Christophe Van Cauwenberg
 
While banks are still unsure of how the blockchain will affect their businesses, there is a widely held feeling that it has transformational potential. But it is still early days for the technology, and a lot more work must be done developing the blockchain before it will be clear how it can improve the banking industry.
 
The emergence of the blockchain has stirred considerable debate in the financial community, especially about its implications for banks and other financial institutions. It was quickly identified as a technology with transformational – even revolutionary – potential, and the hype has piqued interest at the highest echelons of the community.
 
Yet blockchain’s intrinsic complexity makes it difficult to understand, and without fully understanding the inner workings of blockchain, it is easy to misjudge its potential. There is a risk that, in some quarters, expectations have been set unrealistically high.
 
Bitcoin is where the blockchain originated and it remains its most well known manifestation to date. It was originally designed by some libertarians geeks to be an asset in itself, and it was never intended to be used by financial institutions, but rather to bypass them and render them obsolete. But some in the financial community itself harbour similarly grandiose visions of blockchain’s power to transform the way banks operate.
 
Bitcoin and its crypto-currency derivatives are sometimes seen as an equivalent to digital gold. Their potential in digital payments is largely overblown at this stage, and they are more commonly used for speculative purposes than commercial transactions. Authorities are monitoring exchanges platforms, where crypto-currencies are exchanged for fiat currencies, to maintain some control.
 
A more pragmatic group sees blockchain’s potential as evolutionary, rather than revolutionary. This technology can complement existing technologies and systems, rather than usurping them, thereby improving the services they provide. “Banks must learn about the blockchain and then decide how best to apply it. But they should avoid seeing the technology as a potential solution to any given problem,” says Christophe Van Cauwenberghe, Head of Payment Innovation at Societe Generale.
 
In essence, the blockchain is a shared database providing a token manager and programmable transactions that can be updated securely by many different actors in a network. All changes made to the blockchain are logged, effectively leaving a complete audit trail of data. This feature is probably the single biggest attraction of the blockchain for banks, because this functionality does not exist in such an integrated and convenient form elsewhere.
 
A token can be used as a digital representation of an asset – like shares or property. But it can also be used for time-stamping or as a programmable transaction in the form of so called “smart contracts”.
 
There are therefore a number of ways banks could potentially use this technology. It could play a role in digitalising and automating trade finance, or improving KYC processes, potentially reducing the compliance burden on individual institutions. But the technology has to be trialled by fire before it will be mature enough to be widely used within the industry.
 
For blockchain to fulfil its full potential it needs to be developed to make it easier to use. It is provided with very basic technical layers, which still require huge efforts to be integrated in industry-class information systems. That is why many software vendors like IBM and Microsoft have begun to join some open-source initiatives, to ensure they are ready to move quickly when the technology matures.
 
For banks, using blockchains internally is now, finally, a viable technological choice. But it remains unclear whether it will deliver cost reductions and processes optimization, since legacy systems would have to coexist for a long time. Industry will find out more about its cost saving potential by testing and learning, and making proof of concepts.
 
But the industry has also a common interest to pursue a cooperative and inclusive approach to the development of the blockchain. R3 in the US and LabChain in France are good examples of a test and learn approach at the industry level. “The blockchain technology has an interesting potential, in partnership with fintech companies, where much of the world’s technological creativity resides,” says Van Cauwenberghe.
 
The industry is still in the early stages of learning about the blockchain. While there is plenty of potential, there are few certainties about how it will evolve, how long its evolution will take or how transformational it will ultimately be for financial services. Its most useful applications may not have even yet been conceived.
 
Banks are conglomerates of independent business lines and blockchain’s impact will be experienced differently by different areas within banks. “Banks must not feel threatened by the potential creative destruction of the blockchain, but should develop their ability to embrace progressively its potential for improving the service they provide to their customers,” says Van Cauwenberghe.
 
As a result, corporate clients will benefit from a simplified relationship with their banks while maintaining a high level of security.

22.08.16

Agnès Joly appointed as Global Head of Trade Services

Agnès Joly
 
Societe Generale Global Transaction Banking (SG GTB) has appointed Agnès Joly as global head of trade services. Based in Paris, Agnès reports to Christian Behaghel, head banking.
  

Agnès Joly replaces Thierry Roehm who has moved to a senior advisory role within SG GTB, focusing in particular on digital innovation in Trade Finance. In addition to his role, he will represent Societe Generale in international trade finance banking organisations.
  

Previously deputy head of trade services, Agnès Joly will pursue the strategic development of the trade finance business internationally, with support from the Societe Generale group network to further establish SG GTB as a leading player in trade services.
  
With a broad range of international trade products and services, Societe Generale has gained a leading position in trade finance in its core markets. With around 800 employees supporting clients worldwide, SG GTB’s global network spreads across 56 countries and includes business experts, product managers, marketing specialists, and transaction processing and customer service officers with in-depth knowledge of international trade financing.
  
“Agnès’ career at Societe Generale spans over 30 years and her experience has helped the bank increase its international exposure, open new routes and develop its people. She is a well-proven leader and the natural choice for the position, we are very pleased to see her continuing to lead our trade services division to new successes”, says Christian Behaghel.
  
Biography
  
Agnès Joly joined Societe Generale in 1984, initially working as a junior maths expert for Export Finance and then as a FX derivative sales manager in the newly created Capital Market division. In 1991, Societe Generale created a team to help Western European companies partner with Eastern countries looking for trade and economic development and she was selected to focus on the Czech Republic and Hungary. She then went on to spend four years as human resources business partner for the Capital Market division.  
In 1998, she returned to Export Finance in charge of the desks in Asia and became head of the Export
Finance business unit in Seoul from 2005 to 2009. On her return to Paris, she was appointed
Coverage banker in charge of a portfolio of key clients of the bank before joining the Trade Finance division in March 2016 as deputy head in charge of commercial activities worldwide.
  
Agnès Joly is a graduate from HEC Business School with a master’s degree in International Business.
  

8.07.16

Societe Generale rewarded by Euromoney magazine’s 2016 Awards for Excellence

Benoit Desserre, Euromoney Ceremony

Benoit Desserre, Head of Corporate Cash Management
& John Orchard, Managing Director, Banking Capital Markets Group, Euromoney

The Global Transaction Banking arm of Societe Generale (SG GTB) was named “Central and Eastern Europe’s Best Bank for Transaction Services” at Euromoney magazine’s 2016 Global Awards for Excellence* ceremony held in London on the 6th of July.
 

This is the first time SG GTB has been presented with this award, highlighting Societe Generale’s commitment in providing high quality, efficient, innovative and tailored transaction banking services to corporations and institutions in the region.
 

In Europe, SG GTB’s cash management offer is available in more than 25 countries**. Locally, the teams are composed of experts who are well established within their regions with a good understanding of their domestic markets and benefit from support from both SG GTB’s headquarter operations and Societe Generale’s extensive global network .
“The Euromoney award is very prestigious and we are proud that our strong and long standing commitment to supporting our clients in Central and Eastern Europe has been recognised,” said Pascal Augé, head of global transaction & payment services, Societe Generale. “The region is central to our strategy and we will continue intensifying customer relationships and pursue our innovative strategy, while enhancing commercial and operational synergies between entities.”
 

* Euromoney’s Awards for Excellence cover more than 20 global product categories, best-iclass awards in all regions and the best banks in close to 100 countries around the world.
** Albania, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, France, Georgia, Germany, Italy, Luxembourg, Macedonia, Moldova, Montenegro, Netherlands, Poland, Spain, Switzerland, Romania, Russia, Serbia, Slovakia, Slovenia, United Kingdom.

 

Press release

12.04.16

Societe Generale named “Distinguished Provider of Transaction Banking Services” by Fimetrix

For the fourth year running, the Global Transaction Banking arm of Societe Generale (SG GTB) has been named “Distinguished Provider of Transaction Banking Services” for the quality of its Euro transaction services by FImetrix*, a leader in global financial institution performance measurement.

“This award, which distinguishes the world’s leading transaction services providers, recognises SG GTB as a leading performer in the complex global transaction services industry, providing elaborate and effective banking services to its clients,” said David Burnett, CEO, FImetrix.

Only five banks were selected by FImetrix for their Euro transaction services, with Societe Generale being the only French bank to receive this distinction.

“We are very proud of SG GTB’s recent achievements in Euro cash clearing services and this accolade further confirms our continued excellence and commitment in delivering advanced and efficient transaction banking services to our financial institution clients,” says Christian Behaghel, head of global transaction banking, Societe Generale.

Recipients of the distinction were selected based on interviews with senior level executives at 636 banks in 99 countries across six regions – Asia/Pacific Rim, Central & Eastern Europe, Latin America, Middle East, Sub-Saharan Africa, and Western Europe/North America. Respondents assessed the relationships that they maintain with U.S. and Western European banks to support their international cash and trade transaction service needs. They rated their leading providers on 22 items related to operational efficiency: customer service, technology, product range, and expertise. Each provider was scored on its ability to deliver a high level of customer satisfaction to the banks within the region.


* FImetrix is dedicated to market research (both qualitative and quantitative) and consulting in the field of international financial services

15.10.15

Societe Generale wins five awards in EMEA Finance Treasury Services Awards and one award in Global Finance Magazine 2015

The Global Transaction Banking division at Societe Generale (SG GTB) has been awarded “Best cash management services in EMEA”, “Best trade finance services in EMEA”, “Best factoring services in Europe”, “Best factoring services in Africa”, and “Best treasury services in Africa” by EMEA Finance magazine*. SG GTB has also been awarded “Best treasury & cash management providers 2015 in France”.
These awards are recognition of the commitment demonstrated by SG GTB’s teams towards its clients. Through the support of its strong international network and continuous investments in new technologies, the bank strives to offer an exhaustive and integrated range of domestic and international transactional banking services across the EMEA region, especially in Europe and Africa.
SG GTB’s product range allows clients to transmit orders and manage their cash management throughout the world with the utmost security and efficiency. SG GTB has also implemented successful electronic banking tools to meet its corporate clients’ requirements of highly efficient and secure payment management and reporting.

16.09.15

“Reshaping the future of corporate banking” interview by Pascal Augé

Pascal Augé, head of global transaction and payment services, Société Générale speaks to Daily News at Sibos about the growing importance of transaction banking for corporate customers.

Click here to see the interview

Actu Banking PAuge - page interieure

4.09.15

EUROFINANCE 2015: come and meet our experts!

stand

The 24th EuroFinance conference will be held in Copenhagen from 23 to 25 September, focused on Keeping treasury fit for purpose, fit for growth, fit for the future.

Find our cash management experts at our stand L62-L64.

We would be delighted to talk with you about the different subjects broached at the conferences and how we can help you properly manage your treasury.

You can already send us your questions or make an appointment with one of our experts (see list below) using our email address: contact.cashmanagement@socgen.com.

Find more information and our programme on the EuroFinance website.

 

GTPS_2013-04-29_christian_behaghel

Christian Behaghel
Head of Global Transaction Banking
GTPS_2015-01-05_benoit-desserre-2

Benoit Desserre
Directeur global Paiements & Cash Management
GTPS_2015-07-09_philippe-marcotte-3

Philippe Marcotte de Quivières
Deputy Head of Payments & Cash Management
GTPS_2014-11-24_jean-philippe-pany-180

Jean-Philippe Pany
Head of International Payments & Cash Management
Copie-de-GTPS_2015-07-16_philippe-courcelle

Philippe Courcelle
Head of Large Corporate Market for Payments & Cash Management
GTPS_2014-06-05_alexandrine_faure

Alexandrine Faure
Head of Payments & Cash Management RFP
GTPS_2014-06-30_virginie_labouyrie

Virginie Labouyrie
Head of e.banking solutions
mireillecuny

Mireille Cuny
Global Head, Liquidity & Investment Solutions

 

31.08.15

SIBOS 2015 : Find us in Singapore from 12 to 15 October

As usual, our Transaction Banking experts will be present at SIBOS, the world’s premier transaction banking and securities services event, to share the market’s latest developments with you.

Find us at our stand E45-Level B2.

For more information about the event’s programme,our delegates and our expert views,visit our dedicated SIBOS website.

Actu SIBOS page copie

29.07.15

CGA wins silver medal for best factoring institution in TFR* awards

For the second year running, CGA, Societe Generale’s French factoring subsidiary, has won a silver medal at the 2015 TFR Awards* for ‘Best Factoring Institution’.

This award is a welcome acknowledgment of Societe Generale team commitment to providing the best factoring services to their clients, through the strength and reach of its global network, dedicated local expertise, and state-of-the-art technology. In 2014, CGA grew 41% its receivables purchased as a result of an expanded product range, making it the third ranking factor in France.
The TFR Awards recognise leading performers in the complex global trade services landscape, and the winners are voted for by readers, with input from impartial members of the TFR advisory board.

Societe Generale Rosbank was also awarded a bronze medal for ‘Best Trade Bank in Russia and the CIS’. The two awards highlight both Societe Generale subsidiaries’ continued excellence in delivering efficiency and quality to their customers above and beyond the market standard.

*Trade & Forfaiting Review is a leading trade and supply chain finance information resource providing essential updates to professionals all around the globe

27.04.15

Société Générale named ‘distinguished provider of transaction banking services’ by FImetrix

For the third year running, the Global Transaction Banking arm of Societe Generale has been awarded ‘Distinguished Provider of Transaction Banking Services’ for Euro transaction services by FImetrix, a leader in global financial institution performance measurement.

This award, which recognises leading performers in the complex global transaction services landscape, highlights SG GTB’s continued excellence in delivering advanced and efficient transaction banking services to its financial institution clients. Only five banks were selected by FImetrix for their Euro transaction services, with Societe Generale being the only French bank to receive this distinction.

The classification is based on research conducted with senior executives at 636 banks in 96 countries and across six regions. Respondents evaluated the relationships that they maintain with U.S. and Western European banks to support their international cash and trade transaction service needs. They rated their leading providers on 22 items related to operational efficiency, customer service, technology, product range, and the skill sets of their people. Each provider was scored on its ability to deliver a high degree of customer satisfaction to the banks within the region.

* FImetrix is dedicated to market research (both qualitative and quantitative) and consulting in the field of international financial services

1.04.15

Societe Generale launches an integrated security solution for international treasurers to approve payments on the go

Societe Generale has created a new mobile app with a built-in security solution aimed at providing its corporate clients with a secure and simple mobile app for approving payments on Smartphone or tablet.

Secure Access allows Sogecash Web clients to sign their orders with the Sogecash Web mobile app in a secure way wherever they are. The solution is a software app which allows users to confirm their identity and validate orders with enhanced security. The signature process on Smartphones and tablets is thus seamless and simple for clients. This app is available on Apple and Android Smartphones and tablets.

This illustrates the commitment of the cash management teams to supporting businesses thanks to innovative solutions aimed at making daily operations easier. Operating on every continent, Societe Generale’s cash management network has some 6,000 experts and provides cash management solutions in more than 70 countries covering domestic and international services. Its specialised services and solutions are available in more than 130 currencies.

The www.cashmanagement.societegenerale.com website was launched in September 2014 in order to provide treasurers, from SMEs to large multinationals, with information, analyses, case studies and expert opinions.

26.01.15

Societe Generale awarded best bank for cash and liquidity management for Central and Eastern Europe in TMI awards 2014

Societe Generale Global Transaction Banking (SG GTB) has been awarded ‘Best Bank for Cash and Liquidity Management in Central and Eastern Europe’ in this year’s TMI Awards for Innovation & excellence in Treasury Management.

 The Treasury Management International Awards recognizes those banks and practitioners who best understand the challenges facing the global treasury arena. This accolade highlights Societe Generale’s commitment to providing high quality, efficient, innovative and tailored cash management services to corporations and institutions around the world. 

 With an offering that extends across more than 55 countries, SG GTB provides clients with a range of services including trade services, cash management, cash clearing services, factoring and exchange services for transaction banking activities. Societe Generale has also recently had its SWIFT certification for “Bank Ready for Corporate Access” renewed for the third straight year, and it regularly contributes SWIFT’s drive to enhance solutions for Corporates. 

 *Treasury Management International (TMI), is published in association with the European Association of Corporate Treasurers (EACT), and is a global publication. It is focused on the business of treasury and the finance profession, reporting on the latest developments within the banking, treasury technology, and treasury advisory sectors. The TMI awards are selected based on nominations received across the global banking industry, both from banks and corporate treasuries. Final selection is made by a judging panel of treasury experts.

8.12.14

Appointment of Eric Frachon as CEO for CGA

Societe Generale Global Transaction Banking (SG GTB) has appointed Eric Frachon as Chief Executive Officer of CGA. Based in Paris, he reports to Christian Behaghel, Head of SG GTB, and replaces Philippe Lepoutre who becomes head of Global Payment Services.

 Eric Frachon will be responsible for overseeing the development of CGA. His main objectives will be to continue to promote the factoring activity and develop the Supply Chain Finance (SCF) offer.

 CGA offers a wide range of products able to meet the short-term financing needs of many different businesses, from SMEs to large corporations. Currently, CGA serves 5,400 clients worldwide and offers access to a web-based solution featuring multiple countries, currencies, languages, organisations and bank functionalities to manage the need of supply chain finance.

 Eric Frachon’s biography

Eric Frachon graduated from the Institut d’Etudes Politiques d’Aix en Provence with Masters in International Private Law and in Bank and Finance. His career spans 30 years, 22 of which internationally, Eric’s started his career at Renault where he worked for 16 years holding different management positions in France and abroad. In 2000, he joined Volvo, first in the USA as Executive Vice President Finance (Mack Trucks, Inc.) then in France, where he was appointed CEO and President of Volvo Financial Services. In 2006, Eric joined Societe Generale Equipment Finance as Executive Vice President, Head of Network. In this role, he was responsible for the direct supervision of 18 countries and the launch of 6 start-ups.

24.11.14

SG GTB, in partnership with MOCI, will award the prize for the Best Export Growth at the MOCI awards ceremony on 28 November in Paris

 Every year, for more than 45 years, MOCI, International Trade Monitor Magazine, has devoted a special issue to the top 1000 SMEs. Since 2009, the magazine has created an exclusive event around this ranking, the Palmarès des PME leaders à l’International (an award ceremony for France’s top SMEs on the international market). Strongly committed to supporting international companies, Societe Generale has partnered with Le MOCI and sits on the jury for these prizes every year.

 The MOCI awards ceremony will take place on 28 November at the Paris Chamber of Commerce and Industry, as part of the official closing ceremony of the “Encouraging international business” week organised by the Paris CCI, Ile de France. The 2014 MOCI trophies will be awarded to 10 SMEs, including one for Best Export Growth presented by Thierry Roehm, Head of Trade at Societe Generale. These awards are always a major event for the companies that win a prize and Societe Generale is very proud to see, year after year, a good many of its clients among the prize competitors.

 

27.10.14

Appointment of Sonal Priyanka as regional head of Trade for South East Asia, India and the Middle East

20.10.14

SIBOS 2014: Benoit Desserre, head of payments & cash management, invited to participate to the Finextra roundtable

See the video “Enabling real-time payments around the world”

16.10.14

Eurofinance: Come and meet our experts!

Come and meet our experts at Eurofinance in Budapest. Our teams are waiting for your visit at booth L58-L59.

15.09.14

SIBOS 2014: Video message from Pascal Augé, Head of Global Transaction Banking & Payment Services

All details on our participation in SIBOS 2004: sibos.societegenerale.com

2.09.14

Pascal Augé invite SIBOS 2014 visitors to join us at our stand

All informations on SIBOS 2014 Societe Generale participation at sibos.societegenerale.com

24.07.14

Societe Generale wins three awards in EMEA Finance Treasury Services 2014

The Global Transaction Banking division at Societe Generale (SG GTB) has been awarded ‘Best
Treasury Services in Africa’, ‘Best Cash Management Services in EMEA’ and ‘Best Cash Management
Services in Europe’ by EMEA Finance magazine*.


Through these awards, EMEA Finance acknowledges SG GTB’s excellence and leadership in providing
a wide-ranging offering of transactional banking services to its clients both in Europe and EMEA.
SG GTB’s product range allows clients to transmit orders and manage their cash management
throughout the world with the utmost security and efficiency. SG GTB has implemented successful
electronic banking tools to meet its corporate clients’ requirements of highly efficient reporting,
management of payments and security.


Pascal Augé, Head of Global Transaction & Payment Services, commented: “These awards are a very
welcome recognition of the commitment demonstrated towards our clients. Through the support of our
strong international network and continuous significant investments in new technologies, we strive to offer an exhaustive and integrated range of domestic and international cash management services.”


*EMEA Finance, is a bi-monthly magazine, dedicated to the financial community, its customers, and
suppliers across the EMEA region. The Treasury Services Awards 2014 consider various performance
and structural factors, such as market share and growth, innovation and corporate strategy. These
awards also take into account the results of an online survey of corporate treasury teams across the EMEA region.

24.07.14

Societe Generale wins award for ‘Best Factoring Institution’ from TFR

CGA, Société Générale’s commercial factoring unit, has been awarded a silver medal in the ‘Best Factoring Institution’ category in this year’s TFR Excellence Awards.


The accolade, which recognises leading performers in the complex global trade services landscape, highlights CGA’s continued excellence in delivering efficiency and quality to its customers above and beyond the market standard. CGA has enjoyed international expansion through the Société Générale subsidiaries and its membership of Factors Chain International (FCI).


Société Générale was additionally awarded a silver medal in the ‘Best Trade Bank in Russia and the CIS’ category. The award winners are voted for by TFR’s readers, with input from impartial members of the TFR advisory board.


*Trade & Forfaiting Review is a leading trade and supply chain finance information resource providing essential updates to professionals all around the globe.

15.07.14

2014 SIBOS in Boston: Meet with our experts

SIBOS, the world’s biggest event for transaction banking will be held in Boston Convention & Exhibition Center from 29 September to 2 October 2014.

SIBOS 2014 Ad

As one of the major European player on transaction banking and financial services, Societe Generale takes this opportunity to exchange views, discuss new products and environment evolution with their financial partners.

Meet with our experts at our Stand E18.

More information on our exclusive SIBOS Website: sibos.societegenerale.com

4.07.14

Frédéric Barbu gives his views of SEPA in Belgium

Click here to read the interview on Societe Generale SEPA portal.

16.05.14

Euromoney Cash Management Survey 2014: Vote for Societe Generale!

Through 4 July, you can help pick the top banks for cash management services.

Each May, Euromoney magazine runs a study of a panel of business customers in France and abroad to establish global and targeted geographic rankings of banks which offer cash management products and services.

By taking part in this study, we can assess our position on the market in terms of the products and services we offer our customers.
The results support our work on adjusting and updating our offer in line with the criteria our customers mention in the study.

The study will take just 15 minutes of your time. You can click here to participate. Thank you for your involvement.




23.04.14

Subscribe to Projections, Societe Generale GTB newsletter

Societe Generale GTB launches its newsletter, Projections. Please subscribe by sending an email to gtb.com@socgen.com

16.04.14

Societe Generale named ‘Distinguished provider of transaction banking services’ by FIMETRIX

For the second time in row, the Global Transaction Banking arm of Societe Generale has been
awarded the ‘Distinguished Provider of Transaction Banking Services’ award for Euro
clearing services by FImetrix, a leader in global financial institution performance measurement.

15.04.14

Erica Rizzetto, Head of GTB Italy, shares her first feedback on SEPA in Italy

Erica Rizzetto

In advance compared to the additional transition period voted by the European Parliament (August 1st, 2014), Italy has been the first country to adopt and impose SEPA Credit Transfers. Therefore, all euros, non urgent credit transfer within the SEPA area are since February 1st, 2014 compliant with the End Date regulation.

 

Erica, Societe Generale Milan has passed this first migration step towards Sepa Credit Transfer. What were the main key success factors? 

 

Erica Rizzetto: Over the last months, Société Générale Milan has been fully committed to strongly support each Client throughout his SEPA migration project: regular information provided on SEPA means of payment, taylor-made contacts with Clients to identify their specific needs and propose appropriate solutions, end to end tests carried-out systematically… this last initiative has been highly appreciated by our Clients.
Thanks to this organization, all credit transfers issued by our Clients are compliant with the End Date Regulation.

 

The end for national Direct Debits in Italy is aligned with the transition period voted by the EC, on August 1st 2014. What are the main actions handled by Société Générale Milan to achieve successfully this second step?

 

Erica Rizzetto: Complex IT developments have been realized in order to provide customers with relevant solutions answering their specifications:
– SDD CBI implementation based on ISO 2022 standard including specific features required by Italian market
– SEDA mandate management allows the exchange of mandate data between the Creditor and the Debtor bank when sending the first SDD and during the whole mandate life. This data exchange enables additional controls by the Debtor bank for each SDD received and reduces the risk of a challenge from the Debtor.

 

The migration from national direct debit to SEPA Direct Debit is more complex than the SCT migration. Therefore our approach and support to our Clients have been even more intense and customized. As a result, all our Clients have successfully achieved their migration to SDD CBI. We are therefore confident that no major issue should happen on August 1st.

 

What are the major benefits for our customers of the use of these new SEPA means of payment?

 

Erica Rizzetto: Thanks to the normalisation brought by SEPA regulation, the Corporates can possibly use a single current account in SEPA area for their payments and collections, leading to a rationalisation and economies of scale. Moreover, the use of SEPA standard ISO 20022 XML makes their daily work much easier.

 

Erica, just a few words to conclude? 

 

Erica Rizzetto: The full range of SEPA products and services is available within Société Générale Milan, including optional services such as the SEDA Mandate. This can make a real difference for our Clients, as all banks do not propose them in Italy.
We are more than ever ready and committed to support the development of our Clients both on the Italian market and abroad, thanks to our presence in 76 countries (50 in which we provide Global Transaction Banking solutions).
Italian companies are successful when exporting their products and services and they can count on us!

 

For any further information, please contact:

Societe Generale Milan

Via Olona, 2

20122 Milan

Italia

 

SOCIETE GENERALE Milan Cash Management Sales Team:

4.03.14

CGA launches new supply chain finance platform to support business growth for SMEs

The platform has been developed in response to heightened awareness of the need for larger
corporates to foster economic growth by supporting small and medium-sized companies.

12.02.14

Societe Generale: 2013 results

The Group confirms its soundness with a Group Net Income at 2.2 bn EUR multiplied by a factor of 2.8 vs. 2012.

22.11.13

Société Générale received two awards by Treasury Management International Awards 2013 on its business in Eastern Europe

The Global Transaction Banking division at Societe Generale, has been awarded ‘Best Bank for Innovation’ and ‘Best Bank for Risk Management’ in Eastern Europe in this year’s TMI Awards for Innovation & Excellence in Treasury Management.

*Treasury Management International (TMI), is published in association with the European Associations of Corporate Treasurers (EACT), and is a global publication. It is focused on the business of treasury and the finance profession, reporting on the latest developments within the banking, treasury technology, and treasury advisory sectors. The TMI awards are voted by the readers of the publication – treasury and finance professionals. Last year more than 1,500 votes were polled from Asia, North America and Europe from TMI’s global magazine readership of 8,000 treasury professionals.

6.11.13

Societe Generale receives award for paper on ‘standardization and norms within financial processes”

Societe Generale has received an award in this year’s IFAN* 2013 paper competition, presented at a ceremony in London last month to Pierre Epaillard, interbank relationships adviser, and Martine Brachet, head of interbank relationship, for their submission on ‘Standardization and norms within financial processes’.

14.10.13

Société Générale will be exhibitor at the Eurofinance show

From October 16th to October 18th, the Eurofinance show will take place in Barcelona. This is an opportunity for treasurers to share on their business, capital needs, regulatory change and economic fluctuations.

Meet with Benoît Desserre, Head of Payment & Cash Management, and his team at our stand L20-L22.

 

11.10.13

Societe Generale supports its customers through SEPA migration with a dedicated SEPA website

Societe Generale is continuing to support its current and prospective customers through SEPA migration by providing a dedicated educational and informative website: sepa.societegenerale.com. This change concerns every business that carries out credit transfers and/or direct debits in euros within the SEPA zone. The aim of this new website is to increase awareness amongst economic players of the need to migrate by 1 February 2014.

10.10.13

Appointment

Benoît Desserre appointed Head of Payments & Cash Management

 

10.10.13

Societe Generale launches mobile version of Sogecash Web, Cash Management solution dedicated to international companies

Societe Generale is providing its corporate clients with overseas activities with a mobile version of Sogecash Web, its internet solution enabling users to steer their positions, optimize their cash flow and manage their cash around the world, whichever banks these clients have their accounts with.

19.09.13

Société Générale extends availability of SWIFT’s 3SKEY to 90 countries on Sogecash Web

The Global Transaction Banking division at Societe Generale announced today that it has made SWIFT’s

digital identity solution, 3SKey, available in 90 countries on its international cash management web portal,

Sogecash Web.

3.09.13

Societe Generale Global Transaction Banking is sponsor of SIBOS

SIBOS, the world’s biggest event for transaction banking will be held in Dubai World Trade Centre from September 16th to 19th 2013.

As one of the major European player on transaction banking and financial services, Societe Generale takes this opportunity to exchange views, discuss new products and environment evolution with their financial partners.

Meet with our experts at our Stand C27.

More information on our exclusive SIBOS Website: sibos.societegenerale.com

1.08.13

Societe Generale: 2nd quarter 2013 results

Q2 2013: good business performance, Basel 3 Core Tier 1 ratio of 9.4%

13.04.13

Appointment

Christian Behaghel appointed Head of Global Transaction Banking

8.04.13

Societe Generale awarded “Distinguished Provider of Transaction Banking Services” accolade by Fimetrix

Societe Generale awarded “Distinguished Provider of Transaction Banking Services” accolade by Fimetrix

19.03.13

Appointments

Appointments

13.02.13

Activity and 2012 results

Activity and 2012 results

12.12.12

CGA and Air France sign factoring deal

CGA and Air France sign factoring deal.

20.11.12

Cash Management team participate at “les journées de l’AFTE”

Find our Cash Management teams in stand 11 for “les journées de l’AFTE” from 20 to 21 November 2012 in Paris.

The themes of this year are:
– Financing: the increasing weight of markets
– Financing optimisation
– Workshops : risk management, transaction flow, the treasurer in the crossroad of other businesses
– The treasurer, actor of the globalisation.

Our experts will be on-the-spot to share with you our solutions the best adapted to your needs.

Meet us at Stand 11.

29.10.12

GTB teams are present at Sibos 2012 in Osaka, Japon from October 29 to November 1, 2012

Every year Sibos brings together influential leaders from financial institutions, market infrastructures, multinational corporations and technology partners to do business and shape the future of the financial industry and this year , Sibos addresses three principal themes: regulation, evolving technology and geographic shifts in the balance of economic power.

The GTB businesses most represented are correspondent banking, trade services, cash management and payments. Our experts are at Sibos to share with you our bespoke solutions for your specific needs.

We look forward to welcoming you to our stand 5E13.

25.09.12

CGA publishes its annual report 2011

CGA publishes its annual report 2011.

1.08.12

Societe Generale: 2nd quarter 2012 results

Group net income of EUR 793M.

24.07.12

CGA receives renewal of ISO 9001 and ISO 14001 certification

CGA, Societe Generale’s factoring subsidiary, has received renewal of its ISO 9001 quality certification and its 14001 environmental certification for its customer satisfaction setup and its environmental commitment, respectively.

2.05.12

GTB Teams were present at the Finanzsymposium 2012, Mannheim (Germany)

GTB Teams have participated at the 24th Finanzsymposium in Mannheim, one of the largest financial event in German-speaking region.

The Finanzsymposium took place from May 2nd to the 4th in Mannheim. It’s a strategic corner for financial managers from companies and banks to meet and exchange on current financial issue such as Cash Management, compliance in the Treasury, determination of the optimal cash reserve.

Our teams were spot to present all ranges of GTB services.

22.03.12

GTB has recently obtained the renewal, for the second straight year, of the “Bank Ready for Corporate Access” certification, granted by SWIFT

Societe Generale has recently obtained the renewal, for the second straight year, of the “Bank Ready for Corporate Access” certification, granted by SWIFT*. The certification is awarded to banks that fulfil a list of criteria with regard to providing banking services that use the SWIFT network. It also confirms that Societe Generale’s sales teams have received training in SWIFTNet, and that clients have been given documentation that provides them with easy access to information on the services being provided and on how those services are carried out. For companies seeking banking partners, this certification ensures that the bank will be able to work alongside them to reach their goals.

This recognition was granted to Societe Generale for its Sogecash SWIFTNet solution, which is mainly used by companies that are very active internationally and that seek a single, standardised and highly-secure solution for exchanges with their bank that allows them to manage their cash and sales flows (payments and inflows) and to obtain bank statements.

Societe Generale has offered the SWIFT channel for safely exchanging financial information, since 2004 and is positioned as one of the global leaders with 200 Corporate Groups who use the service.

In addition to cash management, the SWIFT platform also allows Societe Generale clients to receive confirmation of market and securities transactions and, more recently, to digitize their trade finance transactions.

Societe Generale has the opportunity to present these developments to the 600 corporate treasurers attending the Universwiftnet event, the annual “SWIFT for companies” conference, which is held on 22 March at the Palais Brongniart. Pascal Augé, Director of Global Transaction Banking at Societe Generale, participes in the plenary conference at 10 a.m. entitled “The three moments of a modern banking relationship project”, which is open to all companies conducting business internationally, regardless of their size or business.

11.03.12

GTB, co-sponsor of an event that is increasingly the annual rendezvous in Paris for company treasurers

Since its creation by a group of treasurers in 2004, Universwiftnet – Paris attracts treasurers from the French speaking world with current issues concerning the open to companies interbank communications channel, SWIFT (Society for Worldwide Interbank Financial Telecommunication).

On 22 March more than 900 entry badges to Universwiftnet had been distributed for this professional salon, held at the Palais Brongniart.

There to open the event was Robert Le Bourgeois, Deputy Head Cash Management for Société Générale Global Transaction Banking. When asked about the vast transformation programme launched by Societe Generale, Robert Le Bourgeois insisted above all on our goals for providing support to companies: “The support provided by Societe Generale is above all international with the Trade and Cash Management lines of business present in more than 50 countries. In France the strengthening of our regional teams of experts for Trade and Cash has helped us to provide even better support to our customers. We are also right there with our major customers when they work with the Customer Project & Implementation (CPI) Department and, for after sales service, we have more recently set up the International Cash Customer Service (ICCS) to be able to respond to all their questions as quickly as possible.”

Pascal Augé, Head of Global Transaction Banking at Société Générale, made use of the testimony given by Christine Drapier, Director of Financing and Treasury, at our customer Kiabi Groupe to confirm to the SMEs and the major companies attending UNIVERSWIFT just how right we had been about our new structure, GTB.

In fact, Kiabi Groupe is the leader in France in the market for children’s clothing and number 2 in the total clothing market. 20 % of its revenues are generated outside France and most of its items of clothing are produced abroad. Kiabi Groupe had to move rapidly from a strictly French universe, with traditional, controlled cash management, to an international, complex and changeable universe, and all of this against a background of the arrival of SEPA, the end of the ETEBAC protocol, e-banking.

Christine Drapier therefore represented a concrete example of why it is a good idea to put Cash Management and Trade together in the same department and to bring in FOREX services. Christine Drapier insisted on pointing out the importance of a partner bank by emphasising the reactivity and professionalism of the teams at Societe Generale.

Later on in the morning, Philippe Blanchet, Head of the Cash Management range in France, hosted a workshop for a gathering of almost 115 treasurers, who were famished but very interested in the topic “All XML migration”. Some even remained standing for an hour to hear everything that Philippe Blanchet had to tell them about the new formats of XML files in ISO 20022.

15.02.12

GTB team rewarded at a ceremony hosted by TMI magazine

On January 26, Societe Generale GTB received the “Best Cash Management Bank – Eastern Europe” for the third year running at a ceremony hosted by TMI magazine.

This award reflects the Group’s commitment to the region. In the “Best Bank Awards 2011” special edition published by TMI magazine in January 2012, Alain Grugé, Global Head of the Corporate Cash Management Division, explains: “Each year we aim at improving the quality of our relationship management, our products and services. Empowered with a shared Cash Management strategy, we underline the importance that all local teams are working hand in hand with global business line management at Societe Generale Paris to ensure the products and services are meeting standards in 54 countries where Societe Generale proposes Cash Management solutions.”

6.12.11

The 8th seminar was held by Societe Generale’s Cash Clearing and Trade Services

The 8th seminar was held by Societe Generale’s Cash Clearing and Trade Services targeting current and prospective clients in China. The seminar took place on 2-5 Nov 2011 in Tengchong, China.

In all, 30 guests representing 14 banks attended the seminar.

The annual seminar has become an event that banks in China cannot afford to miss. It is an effective means of improving our visibility, as well aspicking up new clients and increasing business among our existing ones.

Most of the guests confirmed that they now knew more about the Societe Generale Group and our expertise in Cash and Trade services.

23.11.11

GTB teams attend the AFTE Days

This year, the AFTE meeting, an event for French company treasurers, was held at Palais Brongniart to celebrate the 35th anniversary. GTB held its own stand at the event in order to meet with clients.

The event, which included 50 exhibitors and nearly 450 registered attendees, provided the cash management teams the opportunity to make around fifty noteworthy contacts. During the Cash Management workshops, certain clients discussed the use of solutions recently brought in by Societe Generale.

3.10.11

Societe Generale attended the SIBOS Seminar ( S.W.I.F.T. International Banking Operations Seminar) on 19-23 Sep 2011 in Toronto, Canada

This is the 18th time Société Générale Group has attended the event which brings together all banks and financial IT service providers.

This year the subjects spolight at SIBOS was :
– Regulation
– Geographic shifts
– The changing landscape of the financial industry
– How emerging technologies will impact our industry

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