Crédit Mutuel Arkea Harnessing APIs Powered by Apigee to Help Grow its Online Financial Services Business

 

The cooperative banking and insurance company using Apigee API management software to help improve access to its online services

 

SAN JOSE, Calif. –  Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that Crédit Mutuel Arkea, a leading mutual, cooperative banking and insurance company in France, has selected the Apigee Edge API management software to help it harness the power of APIs (application programming interfaces) for its online banking and insurance solutions.

With APIs at the center of Crédit Mutuel Arkea’s online development strategy, the banking and insurance company selected Apigee software in order to unlock new efficiencies and help drive customer growth on Web and mobile platforms.

“We are seeing banking and insurance companies at the forefront of digital transformation.  Apigee’s intelligent API platform can help Crédit Mutuel Arkea use APIs in a coherent and sophisticated way to help securely share data and services across devices,” explained Denis Dorval, vice president, EMEA, Apigee.

To meet its increased need for responsiveness and flexibility, Crédit Mutuel Arkea plans to expose APIs for both partner applications and internal applications. Acceleration of customer acquisition by improving the user experience of its retail information system is a key priority. In response to this strategic challenge, the company is implementing a modular and flexible IT architecture, and it is leveraging APIs to help its transformation, deploying a "mobile first" approach, and developing marketing operations with major players.

“The acquisition of the Apigee Edge API management software will help Crédit Mutuel Arkéa to improve the online access of its new services for  its clients and partners. This is in line with Arkéa’s strategy to grow its online banking market and digital financial services,” commented Marc Chéreau, Director of Computer Studies, Crédit Mutuel Arkéa.

 

Apigee’s intelligent API platform helps businesses use APIs to securely share data and services across devices to serve customers and use data to continually improve the customer experience. Apigee’s platform today includes Apigee Edge, its flagship API management software; Apigee Insights, an advanced predictive analytics product; and Apigee Link, an API-first product for the Internet of Things (IoT). Most recently, Apigee introduced Apigee Sense, an intelligent API security product.

                                                                                                                                   

About Crédit Mutuel ARKEA

Crédit Mutuel ARKEA is a retail banking and insurance cooperative mutual bank, not listed on the stock exchange. Crédit Mutuel ARKEA is entirely owned by its customer-members. Crédit Mutuel ARKEA is composed of three regional federations representing three main French geographic zones (Brittany in the West, the South West and Massif Central in the middle of France). Crédit Mutuel ARKEA also has a presence across the country thanks to its corporate and online subsidiaries (Fortuneo, Monext, Financo, Federal Finance, Suravenir, CFCAL...). Crédit Mutuel ARKEA employs nearly 9,000 people, counts 3,700 administrators, and has a total of 3.6 million members and customers. The bank has 110 billion Euros in total assets. Crédit Mutuel ARKEA ranks among the leading banks with headquarters in region. For further information, go to www.arkea.com.

                   

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and opportunities between Apigee and Arkea. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on December 8, 2015. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

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