Societe Generale is to centralise European payments processing for its London, Madrid and Frankfurt operations through an IT outsourcing agreement with Aleri, the US company which recently acquired international banking systems vendor mpct.
SG has contracted with Aleri to handle all IT activity relating to its Sirius back office application, which is based on mpct’s Atlas software. Also covered by the agreement is Compaq NSK hardware, the Guardian operating system and all non-Sirius components running on NSK.
Under the agreement, IT operations relating to the business of SG Madrid and Frankfurt, as well as the payments and retail banking business of SG London, are to be transferred to a new dedicated processing centre established by Aleri in Woking, UK.
Gilles Leflambe, EVP for global banking services at SG says: “We see potential for further risk reduction and we are demonstrating improved performance. It is proceeding according to prediction.”
Seperately, at the Swift banking show in Geneva this week, Capco is demonstrating an Aleri-based solution designed to meet the reporting demands of operational risk management. Using risk categories from the Bank for International Settlements, the demo is addressing the aggregation of risk data from disparate sources, the ability to assess data on the basis of predefined business rules and real-time reporting.