About Bpifrance

Bpifrance stands as a key player in the French economic landscape. Established in 2012, it’s a public investment bank that serves as the “one-stop shop” for entrepreneurs. Bpifrance fulfills a critical mission: to finance and foster the development of businesses across France. Their focus lies on supporting small and medium-sized enterprises (SMEs), intermediate-sized enterprises (ETIs), and innovative companies.

By acting as a bridge between public and private resources, Bpifrance offers a wide range of solutions tailored to each stage of a company’s lifecycle. These solutions encompass financing options like loans and equity investments, as well as advisory services to guide businesses through strategic challenges. Their extensive network of regional offices ensures Bpifrance can provide local expertise and personalized support to entrepreneurs throughout France. In essence, Bpifrance serves as a catalyst for French business growth and innovation.

Overcoming IT and Compliance Hurdles

Before implementing SBS (ex-Sopra Banking Software) solutions, Bpifrance faced significant challenges in both IT systems and regulatory compliance. Managing reports such as AnnaCredit, AnnaTeach, Evelyn, and FinRep was a time-consuming task, with four annual updates that had to be manually handled. This manual approach required substantial effort and resources, which could have been better spent focusing on Bpifrance’s core mission: providing loans, guarantees, equity investments, and support to entrepreneurs and SMEs.

The complexity of adapting to regulatory changes and ensuring data quality added to the burden, making it difficult for Bpifrance to maintain efficiency and innovation. These challenges hindered their ability to deliver the best possible service to their customers and partners, demonstrating a clear need for a more streamlined, automated solution to help them keep pace in the competitive fintech market.

“Using BPI, we have the Sopra Banking Solution menu reports. For example, we provide AnnaCredit, AnnaTeach, and Evelyn reports, FinRep reports using this kind of Sopra solution. And it will save us quite a lot of time because we do not have to manage all the changes that should be done every year.”

Lionel Chaine, CIO at Bpifrance
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SBS

Solutions used by Bpifrance