No, Societe Generale is not a traditional product based company. It is an international financial services conglomerate and universal bank. Societe Generale primarily offers banking services and financial services. In India, it has SG Global Solution Centre which assists with it in global banking operations technologically and providing back-end services.

The company focuses on enhancing its banking products through technology, however, it does not design to manufacture software products just like a traditional IT product company.

Here is a quick overview of Societe Generale

Company History

Societe Generale originated in 1864 under the second empire of France. The bank was established by a group of industrialists to promote trade and industry. It had a fast growth in France and opened numerous branches.

With time, it got into the world markets including Belgium, UK, Africa, and Central Europe. It also bought a number of financial companies and banks to find better positions. During the 2008 financial crisis, the company was challenged but enhanced its systems and controls.

Current Status

Nowadays, Societe Generale is a universal bank that is divided into three key spheres of business: Retail Banking, International Banking and Financial Services and Corporation and Investment Banking. It provides financial services namely loans, credit cards, insurance, asset management and investment banking.

The bank is very much concentrated on digital banking and internal technology platforms. In India, SG Global Solution Centre is a captive facility that assists with operations over the globe.

Future Outlook

Societe Generale targets to enhance the global presence and the digital banking services. The bank is going to expand at a reduced risk and efficiency. It is dedicated to innovation, customer experience, and good financial performance.