Société Générale to cut IT costs 30% and scale AI with Anthropic

Société Générale plans to cut IT costs by 30% by 2029 versus 2022 and reduce its IT intensity ratio from 15% to 12%. The bank signed a strategic collaboration with Anthropic for access to Claude models and co-development, expecting €500–600 million in AI-driven savings.

• IT costs cut by €900 million between 2022 and 2026
• Supplier base reduced from 650 providers to 4 key partners
• IT incidents down 80%, composite efficiency index up 27%
• AI expected to deliver €500–600 million in savings, €350 million already embedded