2022 Activity Report

Making digital transformation a central part of our strategy

Crédit Agricole CIB, gold sponsor of the Singapore Fintech Festival for the 7th consecutive year

To strengthen its international presence in the innovative sector, the Bank once again participated this year in the Singapore Fintech Festival. In 2022, the festival’s theme was “Building resilient business models in the midst of volatility and change”. It was an opportunity to communicate the values of the Crédit Agricole and to demonstrate the importance of the business strategy, particularly on sustainable issues. The Group’s representatives were also pleased to welcome on their stand the French Ambassador to Singapore, Her Excellency, Mrs Minh-Di Tang who spoke about the special relationship between France and Singapore in a number of areas, including banking, innovation, sustainability, talent management and technology. Our participation in this festival as a gold sponsor for the 7th consecutive year is a testimony to our continued commitment to build strength in areas such as digital transformation, innovation and sustainability.

Successful results for two quantum computing experiments

In partnership with European technology leaders in quantum computing, Pasqal and Multiverse Computing, Crédit Agricole CIB conducted two experiments on real use cases in the field of finance. The 2 PoCs (“Proof of Concept”), launched in June 2021, were aimed at evaluating the contribution of an algorithmic approach inspired by quantum computing on the one hand, and the potential of quantum computing for finance on the other, in two areas: the valuation of financial products and the measurement of credit risks. Both experiments were successful. These two PoCs demonstrated the potential and reality of quantum computing for finance, even though quantum computing technologies are still in their infancy.