The FINANCIAL -- SILCA, an IT subsidiary of Crédit Agricole S.A., has announced the implementation of a transformation program aimed at modernizing its IT infrastructures to enable the digitalization and securing of banking activities. This program is built on a new seven-year partnership with Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services.
SILCA intends to consolidate its infrastructures with a view to increased outsourcing, as well as the industrialization of processes and modernization of its tools. The program should lead to a significant reduction in IT production costs, and the digitalization of Crédit Agricole’s banking activities through a strong focus on innovation, according to Crédit Agricole.
The working model chosen is that of a joint partnership, with a commitment from Capgemini on quality and overall cost control. Capgemini will assist SILCA on two key missions: firstly, it will provide support and consulting services in the areas of innovation and cybersecurity, and secondly, it will manage part of SILCA’s IT infrastructures, through the creation of a joint venture. This new entity will manage the operating and monitoring services for IT infrastructures for both SILCA and its clients, namely Crédit Agricole Group. The services entrusted to Capgemini will be to the value of several tens of millions of Euros per year.
According to Luc Jarny, CEO of SILCA: “This partnership is unique in the banking world in France. It will reinforce our ability to innovate and help us meet the requirements of the growing digitalization within our industry. We have chosen Capgemini for its collaborative approach, as well as its expertise in the banking sector and its strong experience in global transformation projects.”
SILCA will notably leverage Capgemini’s global network of innovation labs and its experience in industrialization and standardization, thanks to an optimized delivery model and high-performing production centers. SILCA will also benefit from Capgemini’s expertise in the cybersecurity field to meet the new requirements raised by the challenges of digitalization today.
Christophe Bonnard, Chairman of Capgemini’s Country Board France1, comments “We are thrilled to take part in such a large-scale project for the Crédit Agricole group. Our ability to generate economies and at the same time bring real added value in terms of digital transformation for this large banking group is in line with the strategy we are leading for an increasing number of large global organizations. This project reinforces our presence in the financial sector where we are already one of the most recognized IT services providers. It also corresponds to our desire to further reinforce our positioning in the infrastructure arena, which today is growing strongly.”