Open Innovation: a Key Driver of Societe Generale

Societe Generale‘s website reported on the bank’s outlook: “The digital era is changing how the Bank innovates: from ‘product’-oriented innovation to a relationship-focused innovation based on the customer experience, from inward innovation to open innovation in order to capture changes around the world by remaining open to the outside world, from incremental innovation to groundbreaking innovation….Societe Generale has opted for a differentiating approach and system in terms of open innovation and relations with ecosystem players: rather than limiting itself to a corporate venture initiative, Societe Generale favors active equity investments and partnerships with ecosystem players, dividing up its presence across several locations and prioritizing operational cooperation. This approach relies on cooperation with service providers, partnerships and acquisitions.”

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