Mr Thierry Cahn welcomes attendees to the 30th CIBP congress in Paris, noting André Joffre's unfortunate absence. He highlights the 150-year history of Banques Populaires, the merger of the latter with Caisses d'Épargne in 2009 to form Groupe BPCE, emphasizing cooperative values and collaboration. Mr Cahn advocates for the cooperative model, stressing personal interaction in the digital age, and encourages attendees to strengthen CIBP's powers for a successful congress.
Mr Thierry Cahn welcomes attendees to the 30th CIBP congress in Paris. André Joffre, who was supposed to open the 30 th CIBP Congress, is unable to attend due to a fall and sends his regards. The Banques Populaires have been in existence for over 150 years and merged with the Caisses d'Épargne in 2009 to form Groupe BPCE. The speaker emphasizes the importance of cooperative values and the need for collaboration among the Banques Populaires. He highlights the demand for personal interaction in the digital age and demonstrates how the cooperative model is the best of all systems. Mr Cahn encourages attendees to strengthen CIBP's powers and wishes them a successful congress.
André Joffre is an individual who was supposed to welcome the participants of the CIBP congress in Paris. However, he was unable to attend due to an accident where he fell from a stepladder and broke or cracked a few ribs. He has played a significant role in organizing the congress and his absence is regretted.
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn like humans. In the context of banking, AI can be used to automate processes, analyze data, provide personalized recommendations, and improve customer service. It is a technology that is increasingly being adopted by banks to enhance their operations and customer interactions.
Banques Populaires refers to a group of cooperative banks that have been in existence in France for over 150 years. There are currently 14 Banques Populaires, which have emerged through mergers. These banks have demonstrated stability and strength, and they prioritize cooperative values and autonomy while working together under the umbrella of Groupe BPCE.
Caisses d'Épargne refers to a group of financial institutions in France. There are 15 Caisses d'Épargne, and in 2009, they joined forces with the Banques Populaires to form Groupe BPCE. This union resulted in a 50-50 split in the capital and allowed the institutions to maintain their autonomy, brands, and cooperative values.
The CIBP congress refers to the annual congress organized by the Cooperative International Banques Populaires (CIBP). It is a gathering of representatives from cooperative banques populaires from different countries to share knowledge, promote cooperative values, and discuss the challenges and opportunities in the banking industry.
The Cooperative Alliance refers to an alliance or collaboration between cooperative banques populaires from different countries. The purpose of this alliance, as stated in the sixth principle, is to share knowledge, experiences, and cooperative values among the participating banks. The CIBP congress serves as a platform for this collaboration and exchange of ideas.
The cooperative model refers to a business model where the organization is owned and controlled by its members, who actively participate in decision-making and share in the profits and benefits. In the banking industry, cooperative banks operate based on the principles of cooperation, mutual assistance, and democratic governance. The cooperative model prioritizes the interests of its members and the community, rather than maximizing profits for external shareholders.
Digitalisation refers to the process of adopting digital technologies and integrating them into various aspects of banking operations. It includes the use of artificial intelligence, online banking platforms, mobile applications, and other digital tools to enhance customer experience, streamline processes, and improve efficiency in the banking industry.
Groupe BPCE is a banking group that was formed in 2009 through the union of Banques Populaires and Caisses d'Épargne. It operates with a 50-50 split in the capital and aims to promote cooperative values while retaining the autonomy of its member institutions. Groupe BPCE is a strong and stable banking group that prioritizes the growth and recognition of its cooperative values.
Regulators refer to government agencies or bodies responsible for overseeing and regulating the banking industry. They set rules, guidelines, and standards to ensure the stability, integrity, and fairness of the financial system. In the context of the cooperative model, regulators may have varying levels of understanding and support for cooperative banks, as they may be less common or less prevalent in some countries.
SICOOB is a network of credit cooperatives in Brazil, established in 1997, operating on a cooperative model with active member participation in decision-making. SICOOB's credit cooperatives provide a range of financial services, including banking products and credit solutions, primarily catering to farmers and small to medium-sized enterprises.