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SocGen launches payment and transaction banking accelerator programme

SocGen launches payment and transaction banking accelerator programme

(19 April 2022 – Global) Societe Generale has launched the “Payment & Transaction Banking Accelerator” (P&T BAX), its first acceleration program dedicated to startups in the trade finance, factoring, cash clearing and correspondence and banking sectors.

The French bank is inviting startups working on data, client communication interfaces, CSR, and fraud, amongst other topics.

Firms have until the end of May to apply for the six-month incubation period, during which they will get access to SocGen’s expertise and the chance to try out their offerings in real-life business environments.

“In a constantly changing environment, Societe Generale's payment & transaction banking activities are accelerating their digital transformation thanks to their ability to collaborate with startups. By combining our respective expertise and cultures, we are resolutely accompanying our customers into the world of tomorrow,” said Societe Generale Head of Global Transaction & Payment Services Alexandre Maymat.

“Being innovative and pioneering is part of Societe Generale’s DNA. With the ‘Payments & Transaction Banking Accelerator’, we are taking a strong role in supporting the startup ecosystem and in transforming transaction banking activities,” said Societe Generale Chief Innovation Officer Claire Calmejane.

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