Digital Transformation specialist scoops accolade for its partnership with the FCA
London - 17 May 2019 – Sopra Steria, a European leader in digital transformation, today announced its success at the UK Cloud Awards, scooping Best Digital Transformation Project for Public Sector/Third Sector Project of the Year.
The award was in recognition for Sopra Steria’s partnership with the UK’s financial regulator, the Financial Conduct Authority (FCA) to help it respond to new European MiFID II guidelines. These new regulations demanded that trade and investment firms rapidly submit market data to regulators, helping to prevent banking irregularities.
In order to comply, the FCA needed to update its current systems and install a new market data processing platform that was capable of enormous data analysis. Sopra Steria answered the call and worked with the FCA to help it embrace digital transformation by proposing a cloud-based project that would suit its requirements.
Supported by a team of 200-strong developers, both in the UK and offshore as well as utilising state of the art technology within an Amazon Web Services environment, Sopra Steria shaped, developed and deployed its platform which processed six billion transactions by the end of its first year.
The platform continues to drive the FCA and now processes over 30 million transactions a day, benefiting financially regulated businesses by making it simpler and faster to submit financial trades for audit and archive.
David Strong, Digital Director of Cloud Transformation, said: “We are extremely proud to have been recognised by the UK Cloud Awards for our work with the FCA. This was the first time the FCA was looking to deliver digital transformation on this scale and while it hadn’t considered a cloud approach before, we knew our expertise and technology could help it achieve its stated mission of protecting individual consumers against fraud.”
Other shortlisted companies in the category included Cloud Fundamental, Ensono, Amido, and UKCloud Ltd. For more information, visit ukcloudawards.co.uk
About Sopra Steria
Sopra Steria is a European leader in digital transformation providing one of the most comprehensive portfolios of end to end service offerings on the market: Consulting, Systems Integration, Software Development, Infrastructure Management and Business Process Services. Sopra Steria is trusted by leading private and public organisations to deliver successful transformation programmes that address their most complex and critical business challenges. Combining added value, innovation and high-quality services, Sopra Steria enables its customers to make the best use of information technology. With more than 44,000 employees in 25 countries, Sopra Steria generated revenue of €4.1 billion in 2018.
Sopra Steria Group (SOP) is listed on Euronext Paris (Compartment A) - ISIN: FR0000050809
For more information, please visit our website www.soprasteria.com
Sopra Steria: Emma Morgan, email@example.com
Agency: Alistair Scott, firstname.lastname@example.org