Luxoft Korea’s Post

Sopra Steria progresses on its divestment of Sopra Banking Software to Axway with the agreement now signed. The deal is based on an enterprise value of €330m (unchanged). The divested scope is slightly smaller: €335m in revenues (rather than €340m). Sopra Steria had explained that it wanted to use the proceeds from the divestment to reduce its net debt. Last year, Sopra Steria made a significant acquisition with Ordina in the Netherlands for €518m in cash. Beyond the net cash reduction, the divestment of Sopra Banking Software reduces Sopra Steria's risk profile by scaling down its software business. Nevertheless, Sopra Steria will keep its real estate and Sopra HR Software software businesses.

Beyond Bank adopts an iPaaS solution to stay competitive and deliver better experiences. 💡 Learn how integration is helping them navigate the evolving financial landscape and drive meaningful transformation. https://okt.to/OcPVj5

Payment Hub – The Gateway to Seamless Payments How can a global player, with operations all over the world(!), streamline the payment process? This is an exciting challenge that we at Sopra Steria have tackled together with one of our clients, transforming the finance organization for the CFO. Picture a complex payment ecosystem characterized by substantial transaction volumes, different types of payments from cash and checks to digital transactions based on Peppol, and involving various legal entities across borders, using a variety of different IT-systems and banks. This process, often reliant on manual procedures and lacking uniformity, places a significant strain on resources. Moreover, it exposes businesses to risks like manual errors, duplicate payments, delays, and potential of fraud. Collaborating with Aksel Trygstad Lamache, Gustav Jebsen and Marius Gulbrandsen, we have assisted a client in addressing these challenges while evaluating their payment landscape. The insights derived from our analysis have been instrumental in addressing strategic value, optimizing efficiency, ensuring compliance and control, while accounting for different system infrastructure. By engaging with the global market for payment platforms, we’ve charted a new strategy with potential for: 💰 Increased profitability: By ramping up automation and standardization 🚀  Competitive Edge: Through new identified investments with payment capabilities 📈  Strategic Agility: By positioning for substantial scalability I`m happy to share that last week we entered the next phase of the project – identifying the right partner and global service provider of payments and treasury. The next step is implementing and realization of the objectives and business values. #AI #modernCFO

𝐂𝐚𝐬𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞𝐬 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 💼💵 𝐆𝐞𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 @  https://lnkd.in/dyw28A3T Cash management is a critical aspect of financial operations for businesses of all sizes. Efficient cash management solutions aim to streamline the handling, monitoring, and utilization of cash to ensure liquidity, reduce risks, and maximize financial performance. Cash management solutions are indispensable for businesses seeking to optimize their financial operations, ensure liquidity, and mitigate risks. As technology continues to advance, businesses have access to increasingly sophisticated tools that empower them to make data-driven decisions and navigate the complexities of modern finance. Whether it's forecasting, payment processing, or risk management, robust cash management solutions contribute to the overall financial well-being of businesses. 💼💵 Applications: Banks Retail Non-banking Financial Operations Commercial Enterprises Market Verdors: Sopra Banking Software, ALVARA Cash Management Group AG, National Cash Management Systems, ORACLE FINANCIAL SERVICES SOFTWARE LIMITED, Glory Global Solutions, Giesecke+Devrient, SAGE Intacct Software, NTT DATA EMEA Ltd., Aurionpro, Ardent Leisure Group. #CashManagement #FinancialOperations #BusinessFinance #TreasuryManagement #FinancialTechnology #RiskMitigation #SopraBanking #ALVARACashManagement #NCMS #Oracle #GloryGlobalSolutions #GieseckeDevrient #IntacctCorporation #NTTDATAEMEA #AURIONPRO #ArdentLeisureGroup #ra #researchallied 

𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 1.75 billion in 2023 and is projected to grow from USD 2.01 billion in 2024 to USD 6.44 billion by 2032, exhibiting a CAGR of 15.7% during the forecast period. The Bank Reconciliation Software Market focuses on solutions that automate the process of reconciling bank statements with financial records, ensuring accurate financial reporting and operational efficiency. This market is driven by the increasing complexity of financial transactions, the demand for automation in accounting processes, and the growing adoption of cloud-based technologies. These tools are widely used by businesses of all sizes, financial institutions, and accounting firms to streamline reconciliation, minimize errors, and improve compliance. 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞, 𝐓𝐨 𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://lnkd.in/efwpJgbw Key Market #Drivers Increasing Transaction Volumes and Complexity The rise in global trade, e-commerce, and digital payments has led to a higher volume and complexity of transactions. Bank reconciliation software helps businesses efficiently manage and reconcile these transactions, reducing manual errors. Demand for Automation in Financial Processes Manual reconciliation processes are time-intensive and prone to errors. Automation streamlines workflows, enhances accuracy, and allows businesses to focus on strategic tasks, driving adoption in the market. 📈 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧𝐬: Global Bank Reconciliation Software Market: By #Company ReconArt SmartStream Technologies BlackLine Adra Fiserv SAP Flatworld Solutions iStream Financial Services Aurum Solution AutoRek Xero Unit4 Cashbook Limited Trintech RIMILIA HOLDINGS LTD Fiserv Open Systems Technologies Fund Recs Oracle Global Bank Reconciliation Software Market: By #Type Cloud-Based On-Premise Global Bank Reconciliation Software Market: By #Application Banks Insurance Retail Government Others 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐆𝐞𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://lnkd.in/emQTYDjW ✅ 𝐅𝐨𝐥𝐥𝐨𝐰-Stringent Datalytics - Information Technology #BankReconciliation #FinancialSoftware #Automation #CloudSolutions #AccountingTools #FinTech #SMEs #DigitalTransformation #AIinFinance

🚀 Don't miss two of our latest blogs, diving deep into the game-changing world of Embedded Finance in ERP Systems and the hot trends shaping Banking Integration today! 🏦✨ 1️⃣ Embedded Finance in ERP Systems: A New Frontier for FIs Unlock the transformative power of embedding banking services directly into ERP systems, empowering FIs to open new business lines, significantly enhance customer experience, and drive unparalleled operational efficiencies. Imagine seamless financial transactions integrated into your daily workflow, courtesy of advanced API technology. With benefits like improved security, reduced costs, and operational efficiency, it's clear that embedded finance within ERPs is not just the future – it's the present. 🌟 Read the blog here: https://lnkd.in/gxFVNhcX 2️⃣ The Hot Topics Shaping Banking Integration Today Stay ahead of the curve with the four pivotal trends impacting banking integration this year. From the critical adoption of real-time APIs, empowering development teams with the right tools and access, to exploring scalable core solutions and unlocking the full potential of business banking through embedded finance – these are the insights you need to navigate the evolving landscape of financial services. Each trend not only presents unique challenges but also opens up exciting opportunities for growth, innovation, and competitive edge. Let’s explore how embracing these trends can accelerate your FI. 🚀 Read the blog here: https://lnkd.in/g24i7szM #FinancialInnovation #BankingIntegration #EmbeddedFinance #ERPIntegration #RealTimeAPIs #FintechTrends

𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: 𝟱𝟬% 𝗖𝗼𝘀𝘁 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗧𝗖𝗢 𝖠𝗌 𝗍𝗋𝗎𝗌𝗍𝖾𝖽 𝗂𝗇𝖽𝖾𝗉𝖾𝗇𝖽𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝗌𝗈𝗋𝗌, 𝗐𝗂𝗍𝗁𝗈𝗎𝗍 𝖺𝗇𝗒 𝗍𝗋𝖺𝗇𝗌𝖺𝖼𝗍𝗂𝗈𝗇 𝗌𝗈𝖿𝗍𝗐𝖺𝗋𝖾 𝗌𝗈𝗅𝗎𝗍𝗂𝗈𝗇 𝗌𝖾𝗍, 𝗐𝖾 𝖺𝗋𝖾 𝖾𝗑𝖼𝗂𝗍𝖾𝖽 𝗍𝗈 𝗂𝗇𝗍𝗋𝗈𝖽𝗎𝖼𝖾 𝗈𝗎𝗋 𝖼𝗈𝗆𝗉𝗋𝖾𝗁𝖾𝗇𝗌𝗂𝗏𝖾 𝖯𝖺𝗒𝗆𝖾𝗇𝗍𝗌 𝖨𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾 𝖬𝗈𝖽𝖾𝗋𝗇𝗂𝗌𝖺𝗍𝗂𝗈𝗇 𝖲𝖾𝗋𝗏𝗂𝖼𝖾 𝗈𝖿𝖿𝖾𝗋𝗂𝗇𝗀𝗌. 𝗣𝗮𝘆𝗫 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 1. Proven Methodology standard covering Assessment, Recommendations, Business Case through to Shortlist & Documented Procurement Process & Selection 2. World Class Payments Experts utilised 3. Solutions vendor agnostic through small IT steps with hybrid tech (customer chosen) alongside existing legacy - No Big Bangs - Risks Managed 𝗣𝗮𝘆𝗫 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 𝘁𝘆𝗽𝗶𝗰𝗮𝗹𝗹𝘆: 1. Cost Reduction of 50%+ on legacy systems Total Cost of Ownership 2. Modernisation delivers fast time to market with lower delivery costs 3. P&L Cost Reduction starting in 6-12 months 𝗟𝗲𝘁’𝘀 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝗼𝘂𝗿 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗰𝗮𝗻 𝗱𝗿𝗶𝘃𝗲 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝘂𝗻𝗽𝗮𝗿𝗮𝗹𝗹𝗲𝗹𝗲𝗱 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵. 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼𝗱𝗮𝘆 𝘁𝗼 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗿 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗼𝘂𝗿 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴𝘀 - info@payxintl.com

Valu-Trac selects Tenemos Multifonds. The selection will replace Valu-Trac’s in-house systems with Temenos Multifonds Global Accounting (MFGA)end-to-end solution https://lnkd.in/eA2txBT4 #fundadmin #Custody

#Fintech M&A deal: Axway Completes €330M Acquisition of Sopra Banking Software 🤝 🇫🇷 🇺🇸 French-American IT company Axway has officially completed its €330 million acquisition of Sopra Banking Software (SBS) from Sopra Steria, marking a pivotal moment in the company’s history. 💰 To finance the acquisition, Axway raised €131 million through a share capital increase and secured an additional €200 million in credit facilities. With regulatory approval now granted, Axway has begun integrating the two entities, with a key ramp-up phase set for late 2024 into 2025. 🌍 SBS, founded in 2012, supports 1,500 financial institutions globally with digital banking, lending, and compliance solutions. Axway’s acquisition will position the company as one of France’s top enterprise software publishers, combining SBS’s financial expertise with Axway's API-driven B2B integration and API management platform, Axway Amplify. 👤 Patrick Donovan, Axway CEO, describes this as “a unique development opportunity,” while SBS CEO Eric BIERRY, soon to be deputy CEO of Axway, views the alliance as a way to “accelerate value creation” for all stakeholders. 🤔 What do you think of this deal for the enterprise software market? Share your thoughts! #DigitalBanking #BankingSoftware #FinancialServices

Valu-Trac selects Tenemos Multifonds. The selection will replace Valu-Trac’s in-house systems with Temenos Multifonds Global Accounting (MFGA)end-to-end solution https://lnkd.in/eWS6t28i #fundadmin #Custody