Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Société Générale    GLE   FR0000130809

SOCIÉTÉ GÉNÉRALE

(GLE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Societe Generale : we.trade available for all Societe Generale clients

share with twitter share with LinkedIn share with facebook
04/18/2019 | 04:43am EDT

Societe Generale announces that we.trade, the first blockchain-based trade finance platform live in production, is now available to all clients in France.

Societe Generale and 12 other European banks began working together in 2017 on a project aiming to make domestic and international trades easier. Previously named Digital Trade Chain, this project led to the creation on the joint-venture company we.trade in February 2018.

In association with IBM , a blockchain-based platform was created to offer clients time and money savings as compared to the previously available solutions based on paper documents exchanges.
Today, Societe Generale announces that all corporate clients based in France have now access to we.trade, the most advanced platform for digitalising, securing and finnacing corporate trades.

After several test phases carried out succesfully by the Bank, W41TP is the first corporate client of Societe Generale to regularly use we.trade. Based in Tours, France, W41TP uses the platform to benefit from payment delays for its purchases of environmental shredders, thanks to the digital payment commitment of the company's bank, while their German supplier obtains financing quickly and simply.

We are completely satisfied with we.trade: an innovative digital solution that is very user friendly. This platform allows us to significantly cut the processing time of our orders, all the while giving us a top-notch service via real-time data exchange with our supplier and Societe Generale.

Patrice Schwartz,Chief Administrative and Financial Officer at W41TP

We are delighted to make the we.trade platform available to all corporate clients in France. This is a first in the French market and an important milestone in its deployment in Europe, where other consortium banks also offer we.trade to their clients. This initiative combines our belief for innovation and our daily commitment to our corporate clients.

Marie-Laure Gastellu,Deputy Head of Trade Services at Societe Generale

About the customer experience on we.trade
By connecting to we.trade, clients of the consortium of banks, both buyers and sellers, agree on the terms of a transaction. Upon agreement by both parties, the transaction is undertaken with every event being tracked on the blockchain. When all conditions are met, the buyer's bank automatically triggers the associated payment.

Thanks to blockchain technology, the we.trade platform facilitates and expands the customer experience notably through:
- A shared buyers/sellers view of every step of the transaction process, secured at each node of the chain;
- the possibility to implement a payment guarantee;
- a payment delay financing service.

For more information: https://we-trade.com/

Press contact:
Thomas Alexandre - +33 (0)1 42 13 34 37 - thomas.alexandre@socgen.com

Disclaimer

Société Générale SA published this content on 18 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2019 08:42:03 UTC


share with twitter share with LinkedIn share with facebook
All news about SOCIÉTÉ GÉNÉRALE
10/22SOCIETE GENERALE : €16.2 million to support the debt funding of the largest sola..
PU
10/21Oman raises $2 bln in first bond deal in over a year
RE
10/19BANCO SANTANDER S A : European Banks Await Green Light for Cash Dividend Payment..
DJ
10/19SOCIETE GENERALE : Goldman Sachs remains Neutral
MD
10/16SOCIETE GENERALE : Barclays remains a Sell rating
MD
10/15SOCIETE GENERALE : 16.2 million euros to support the debt funding of the largest..
PU
10/14FACTBOX-Banks and insurers shun Canada's oil sands
RE
10/13UniCredit picks former Treasury chief Padoan as chairman
RE
10/13NESTE OYJ : Corporation - Notification under Chapter 9, Section 10 of the Finnis..
AQ
10/13NELES OYJ : Notification according to chapter 9, section 5 and 6 of the Securiti..
AQ
More news
Financials
Sales 2020 21 709 M 25 614 M 25 614 M
Net income 2020 -1 145 M -1 351 M -1 351 M
Net Debt 2020 - - -
P/E ratio 2020 -8,55x
Yield 2020 1,84%
Capitalization 10 628 M 12 573 M 12 539 M
Capi. / Sales 2020 0,49x
Capi. / Sales 2021 0,46x
Nbr of Employees 138 000
Free-Float 92,4%
Chart SOCIÉTÉ GÉNÉRALE
Duration : Period :
Société Générale Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOCIÉTÉ GÉNÉRALE
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 16,51 €
Last Close Price 12,51 €
Spread / Highest target 127%
Spread / Average Target 32,0%
Spread / Lowest Target -32,0%
EPS Revisions
Managers
NameTitle
Frédéric Oudéa Chief Executive Officer & Director
Lorenzo Bini Smaghi Chairman
William Kadouch-Chassaing Group CFO, Deputy General manager & Head-Finance
Carlos Goncalves Head-Global Technology Services
Jean-Bernard Lévy Independent Non-Executive Director
Sector and Competitors