Emmanuel Sardet

Artificial Intelligence: the BNP Paribas European Mediterranean IT teams in Motion Last week we were pleased to bring together representatives of the IT teams of BNP Paribas European Mediterranean: BNP Paribas Bank Polska 🇵🇱, TEB 🇹🇷, UKRSIBBANK BNP Paribas Group 🇺🇦, BMCI Groupe BNP Paribas 🇲🇦, BNP Paribas El Djazaïr 🇩🇿, TEB Sh.A. 🇽🇰, and EM Head Office 🇫🇷. The highlights of this seminar were dedicated to Artificial Intelligence with dynamic exchanges, innovative ideas, and inspiring perspectives for the future of our banks. Artificial Intelligence, with all its promises and challenges, has been explored from various angles. We had the chance to listen to experts, share their valuable experiences and perspectives on how AI is transforming the finance industry. We discussed how we can leverage these technologies to improve our projects, processes and client experience. AI ambition is a strategic commitment from the group to promote adoption, fostering cross-value creation to capitalize on the most relevant artificial intelligence experiences. This was an opportunity for me to provide some perspectives: ✅ AI is a true Game Changer ✅ AI is no longer Optional ✅ AI is a real Change A highlight of the seminar was the presentation by Francois BENAROYA, who introduced EM’s strategy and ambitions in the field of AI. His vision and ideas have inspired us and strengthened our commitment to staying at the front of technological innovation. We also had the privilege of having Marc CAMUS participate, who shared the IT ambitions of the BNP Paribas, emphasizing the importance of production quality, cybersecurity, and transformation towards the cloud, while delivering customer-centric solutions. Thomas Courtois (President of Nickel ) gave us the pleasure of coming to speak about the success of Nickel and to share his vision of the contribution of AI in the development of the business. In addition, we also had other speakers : Vincent D. ( EM AI Leader ), Kristof Meganck ( Chief Data Officer of BNP Paribas Fortis ), and Xuan-Son NGUYEN ( CTO AI & Innovation of BNP Paribas ). Each of them brought enriching perspectives on the future of AI and technological innovation. This seminar has strengthened our resolve to explore the infinite possibilities offered by AI. We are in motion to put the acquired knowledge into practice and to see the positive impacts. Stay connected and keep moving forward together towards an exciting future with AI. #Innovation #ArtificialIntelligence #AI #TechTalks #WeArePioneer

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European payment sovereignty is moving forward. After unveiling their cooperation in June, the EuroPA | European Payments Alliance (Bancomat, Bizum, MB WAY, Vipps MobilePay) and EPI Company are pleased to report that the exploratory phase of their partnership, to interconnect their solutions through a central technical hub, based on European standards and infrastructure, is approaching its successful completion. 🎯 The ambition: enabling more than 120 million combined customers across 13 markets in Europe, to send and receive money instantly with friends and family and to make purchases online and in-store, with seamless cross-border reach across Europe, while continuing to use their preferred solutions. A key milestone toward a truly sovereign and integrated European #payments infrastructure, serving both consumers and merchants. An ambition BNP Paribas is proud to support. 🤝

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🚨 𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: Revolut has appointed former Societe Generale CEO Frédéric Oudéa as chairman for its new Western Europe operation, as it ramps up its effort to displace bricks-and-mortar banks across the region. “I had no intention of returning to work for a traditional bank,” Oudea told Bloomberg News in an interview: https://lnkd.in/dHcSeRAx The role is a “good opportunity to take part in a new venture” in a firm that has the technological and financial means to succeed, he added. Oudea ran one of France’s largest bank for 15 years following the 2008 financial crisis, outlasting most other European bank CEOs during a turbulent time for the industry. He also led the expansion of BoursoBank, SocGen’s own online lender which Revolut is directly targeting in its bid to double its French customer base to 10 million by next year. Oudea is the latest high-profile hire Revolut has poached from SocGen, after appointing the former board member Beatrice Cossa-Dumurgier as the new Western Europe Chief Executive Officer. The company is also applying for a local banking license as it eyes an expansion across the continent, and is hiring up to 200 staff for the Paris office as part of a €1 billion investment: https://lnkd.in/dymWcay2 The French license is in addition to Revolut’s existing EU-wide banking permit from Lithuania’s central bank. This and more news in my newsletter! Sign up here: https://lnkd.in/dzj26JSZ Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀! RBI is fully prepared for the new era! From tomorrow on, 2 major changes will reshape payments in the EU. It will make transactions faster, safer and more transparent: 🤝 Verification of Payee (VoP) ⚡ Instant Payments (IP) above €100k The VoP confirms that the name & IBAN match before a transfer is made. This significantly reduces fraud and errors, ultimately providing a safer and more reliable payment experience. IPs are already available 24/7 all year long, but now even for amounts above €100,000. This gives customers more flexibility and supports faster, larger transactions, especially beneficial for businesses. What this means for our customers: 🏦 Funds available within seconds 🏦 More security through name checking 🏦 24/7 service all year long, no cut off times 🏦 Higher efficiency in Cash Management and Liquidity Planning Raiffeisen Bank International AG is fully prepared for both, VoP and IP. As a leading Cash Management Bank, we’ve enhanced our digital infrastructure to offer our clients a seamless, secure and real-time payment solutions across all our markets. Simply said, we make it happen. #MakePaymentsHappen #InstantPayments #VerificationOfPayee #CashManagement #Innovation #Raiffeisen #CEE

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New Banque de France blog post on “𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆: 𝘁𝗵𝗲 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲.” The rapid digitization of payments poses a dual challenge to the sovereignty of the Euro area: external and internal. The 𝗲𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 stems from our dependence on non-European payment services (the Visa-Mastercard duopoly, ApplePay-type applications, stablecoins linked to the US dollar). This first challenge is easy to understand. The 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 is more difficult to grasp. Today, in the world of legal activities, it makes no difference to me whether I receive a payment in the form of banknotes or a bank transfer. In both cases, “central” currency (issued by the central bank) is transferred: directly via the banknote, or indirectly via the interbank transfer. And I can always convert the money received in my account (commercial money) into banknotes (central money) at a rate of 1 to 1. If my bank does not have enough cash, it can obtain it from the central bank by pledging high-quality assets. In addition, I benefit from deposit insurance up to €100,000. Distributed ledger technology now enables low-cost payments, particularly cross-border payments. This is a great innovation. However, the link with central bank money has been broken: exchange at a rate of 1:1 is not guaranteed by design. There is therefore a risk of monetary fragmentation, as was the case in the United States in the 19th century. Faced with these challenges, the Eurosystem is deploying a two-pronged strategy: on retail payments with the digital euro, and on wholesale payments with the Pontes and Appia projects. The aim is to preserve European monetary sovereignty in a context of accelerated digitization of payments and tokenization of finance, promote the integration of financial markets, and ultimately enable an efficient and sustainable financing of the economy. https://lnkd.in/emF2ShXh

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👁️🐝Ⓜ️ My new banking research is now available! 🥁🥁🥁 💥THE 94% CORE BANKING PROBLEM: What derails modernisation—and actionable insights from CIOs💥 offers a detailed analysis of why most banks' transformation projects fail, often exceeding planned timelines and delivering inadequate return on investments. Drawing from a survey of over 500 CIOs and nearly 200 Chief Data/AI Officers, the study shares key client insights on solving these issues: AI can speed up development by handling application interdependencies, while deliberate hybrid cloud strategies and adherence to industry standards enable successful navigation of modernisation challenges. 💸 WHY do projects fail and go over budget? 94% of banking modernisation projects extend beyond their planned timelines, with morethan 50% of CIOs reporting higher costs than expected. The three main factors are unexpected security considerations (56% of cases), difficulty resolving critical dependencies while changing the core (53%), and ensuring availability of cloud expertise (52%).   🏎️ HOW can AI help accelerate transformation efforts? More than 50% of banks have started utilising AI to speed up IT development processes, with over 90% planning to incorporate it by 2028. AI serves as an “asymmetrical competitive advantage” by converting “implicit knowledge” into “explicit knowledge” to accelerate code translation, automating visualisation of complex system architectures, and addressing interdependencies across application ecosystems.   ☔️ WHAT are the biggest risks when scaling AI? While only 33% of executives see lack of risk management support as an immediate challenge, this will intensify as banks scale AI enterprise-wide. Key risks include unclear accountability for AI use case outcomes, risk of creating “exponential surge in complexity” if AI speeds development without architectural clarity, the need for stress-test simulations, and real-time risk controls. This IBM Institute for Business Value research is further enhanced by perspectives from executives at leading institutions who granted me their time to learn from the voice of the makers: 🇹🇷 Akbank, 🇨🇴 Bancolombia, 🇳🇴 DNB, 🇿🇦 FirstRand, 🇮🇹 Intesa Sanpaolo, 🇧🇷 Nubank, 🇧🇷 Santander GetNet, 🇨🇦 TD Bank, 🇸🇬 UOB, and 🇨🇦 Zafin. --- I have uploaded a quick summary, but you can download the full report here and let me know your thoughts in comments ⤵️ 📥 https://lnkd.in/gzhXm4XQ This study is essential reading, thanks in advance for your time. IBM #IBM

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CRM transformation — five years in. A few reflections. When we began the digital transformation of our Retail business, CRM was one of the core strategic bets — foundational to all three domains of our strategy: acquire, engage, and monetize. For those who have led transformation in banking, the complexity is well known: changing how people work, breaking silos, making data usable in real time, and aligning teams around one view of the customer. At the heart of this is a central, state-of-the-art CRM — the core of how the digital bank with a human touch operates. It keeps us context-aware in every interaction and delivers the kind of experience customers increasingly expect when interacting through mobile. Today, it’s part of how we operate — with measurable impact for customers and teams. A few weeks ago, I shared more in an interview. Iryna Arzner, Jalal Douame, Igor Sopcak, Mariia Komissarova, Mathias Fanschek, Petro Merkulov, Matthias Dekan

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