{"id":8875,"date":"2018-03-07T08:00:35","date_gmt":"2018-03-07T08:00:35","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8875"},"modified":"2018-08-10T11:23:02","modified_gmt":"2018-08-10T11:23:02","slug":"societe-generale-to-close-300-branches-in-move-towards-digital-banking","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/societe-generale-to-close-300-branches-in-move-towards-digital-banking\/","title":{"rendered":"Societe Generale to close 300 branches in move towards digital banking"},"content":{"rendered":"<p>French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and cut costs. CEO Frederic Oudea refers to the moves as preparation for the coming \u201cindustrial revolution\u201d that European banks will experience in the next 10 years.<\/p>\n<p>The news comes following a previous announcement that the bank will eliminate 2,550 jobs in its retail network. The bank plans on making further changes under its \u201c2020 plan\u201d, most of which are expected to affect the retail sector of the bank.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8875 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How FinTechs are helping refugees and immigrants'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-fintechs-are-helping-refugees-and-immigrants\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/how-fintechs-are-helping-refugees-and-immigrants-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-11019\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11019'>\n\t\t\t\tHow FinTechs are helping refugees and immigrants\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='European payment provider launches open banking platform'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/european-payment-provider-launches-open-banking-platform\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/european-payment-provider-launches-open-banking-platform-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12978\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12978'>\n\t\t\t\tEuropean payment provider launches open banking platform\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Online marketplace for financial services to open in Russia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/online-marketplace-for-financial-services-to-open-in-russia\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/cb-marketplace-russia-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10540\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10540'>\n\t\t\t\tOnline marketplace for financial services to open in Russia\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and cut costs. CEO Frederic Oudea refers to the moves as preparation for the coming \u201cindustrial revolution\u201d that European banks will experience in the next 10 &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,359],"tags":[35,49,81],"class_list":["post-8875","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-france","tag-digital-banking","tag-digital-transformation","tag-operationalefficiency","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8875"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875\/revisions"}],"predecessor-version":[{"id":8995,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875\/revisions\/8995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8876"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}