Case Study: Societe Generale Securities Services achieves OTC processing simplification and lower IT costs with SimCorp

Societe Generale Securities Services consolidates 40+ OTC products with SimCorp and keeps 100% client retention

Societe Generale Securities Services (SGSS) faced operational complexity and high costs from using a separate best-of-breed platform for OTC derivatives processing, which limited its ability to offer a unified cross-asset experience. To overcome this challenge, SGSS partnered with vendor SimCorp to consolidate all OTC derivatives onto the SimCorp platform, aiming to streamline its value chain and enhance data governance.

SimCorp implemented a unified platform architecture, replacing the separate system and consolidating over 40 OTC products alongside listed derivatives. This solution provided SGSS with a single source of truth via SimCorp's Investment Book of Record. The results included significantly reduced IT complexity and maintenance costs, improved operational efficiency through automation, and 100% client retention. The consolidation also enhanced client service quality and provided a more scalable solution for SGSS's CrossWise offering.

Societe Generale Securities Services