FIS Delivers Derivatives Solution to Societe Generale to Power Technology Transformation
FIS announced that Societe Generale has selected its Cleared Derivatives Suite for the transformation of its derivatives clearing back-office system. This extended agreement aims to modernize Societe Generale's trade clearing and settlement technology, enhancing operational efficiency and reducing risks. The suite will be integrated with existing infrastructure, supporting end-to-end post-trade derivatives processing. This partnership is seen as a significant investment in the long-term growth of Societe Generale's Prime Services business.
- FIS selected by Societe Generale for derivatives clearing transformation.
- The Cleared Derivatives Suite offers modern technology for trade clearing and settlement.
- Societe Generale's investment indicates confidence in FIS's technology.
- None.
Key facts:
- As part of the agreement, Societe Generale selects FIS solution for the strategic transformation of its derivatives clearing back-office.
- FIS Cleared Derivatives Suite will provide Societe Generale with a new high-performing and modernized technology platform that handles trade clearing and settlement services.
“The listed derivatives clearing business is a core part of our Prime Services business franchise at Societe Generale. We are recognized by our customers, and the industry, as a market leader in this space. Our decision to select FIS to provide our next generation post-trade clearing technology, represents a significant investment, with a trusted partner, to support the long term growth of this business,” said
“As derivatives clearing firms seek ways to limit risks while reducing operational costs, they are embracing the transformational change of their ecosystem and operating model,” said Nasser Khodri, Head of Capital Markets at FIS. “We’re delighted that a key player in the market such as Societe Generale chose FIS to achieve this journey and strengthen our long-standing relationship.”
FIS Cleared Derivatives Suite is a high-performing and modernized technology platform which will be seamlessly integrated with the existing client’s infrastructure and covers end to end post-trade derivatives processing requirements.
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
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Senior Vice President
kim.snider@fisglobal.com
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