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In a statement underscoring the fundamental shift in skills important to financial services firms today, the CEO of Societe General said he is spending time coding in Python. The bank has been focusing on mobile payments and banking recently.
While Oudea declined to say how much Societe Generale planned to invest in technology during the next year, he said the bank would continue to strengthen its position in mobile banking. The company’s Boursorama unit, France’s biggest online bank, has 1.2 million clients and Societe Generale is also planning to launch a new app for smartphones in some African markets. “We are taking the challenge seriously and understanding that there is a need to change the model and culturally embrace new technologies,” said Oudea, 54.
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