La Fabrique by CA, Innovate with a Corporate Venture Builder Qorus Banking Innovation Awards 2023

Submitted by

Crédit Agricole S.A.

Premium

19/09/2023 Banking Innovation

In the ever-more competitive landscape of the banking sector, Crédit Agricole has ingeniously fortified its position as a leader: introducing La Fabrique by CA, a startup studio exploring innovative models within the financial industry. Traditional approaches to large-scale projects often fall short in enabling major banks to compete with emerging digital counterparts. La Fabrique by CA takes a different approach by creating a series of startups. This strategic move ensures the successful launch of new ventures, leveraging industry best practices and pooling critical resources. What sets La Fabrique by CA apart is its ability to merge the strengths of a banking behemoth like Crédit Agricole with the agility and autonomy of startups. These companies not only enjoy the advantages of being part of the banking group but also have the freedom required for their rapid development.

Innovation details

Country
FranceCategory
Future WorkforceKeyword
Innovation, HR & New ways of working, Open Finance & New FS players, Strategy & Business model, Retail bankingTotal Cost
$1M-5M

Innovation presentation

La Fabrique by CA, an innovative startup studio affiliated with the Crédit Agricole group, is on a mission to contribute to the Group's strategy by creating startups that address emerging needs and changing consumer behaviors that were previously underserved by Crédit Agricole. Built on an entrepreneurial culture, La Fabrique by CA enables the rapid and agile launch of solutions. The startup studio collaborates closely with the Group's banks to co-create solutions, leveraging the Group's strengths while granting significant autonomy to the startups. As a startup studio, La Fabrique by CA relies on a trio of talents: - Executives with high-level experience, capable of steering digital projects in the banking sector; - Experienced entrepreneurs and motivated CTOs who form the core of the startups; - Experts in essential support functions, including finance and legal affairs. Over the past five years, La Fabrique by CA has given birth to more than 10 startups. This approach allows us to test groundbreaking innovations without disrupting the broader corporate ecosystem.

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