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It would have been possible for AFL to go to multiple
providers to achieve its required core banking
system. However, with the model they chose, they
didn't need to, with SAB providing all the services
under one contract.
This single contract establishes AFL's and SAB's
commitments to each other – especially with regard
to outcomes, control, audit, exit provisions and
performance conditions. Which is exactly why the
project was such a resounding success for both
parties.
T I M E L I N E
February 2014
January 2015
February 2015
March 2015
April 2015
December 2015
SAB AT Core Banking IT project launch
Agence France Locale obtains its ACPR
accreditation
SAB AT Core Banking IT goes live
Inaugural issue (€750 million raised)
Initial loans granted
Having been up and running for nine
months, AFL delivered 508 million euros in
loans, bringing its market share to 3%
