The centralization of financial services is gaining ground in business

Giving birth to “Europe’s first truly unified financial hub, designed to eliminate complexity for millions of businesses”. By announcing their merger a few weeks ago, the neo-bank Shine – which had just merged with the Danish fintech Ageras – and the Lyon-based software publisher Cegid did not hide their ambitions: to make the new group a European champion of financial services, capable of providing a clientele of professionals, small businesses, of SMEs and accountants, from a single entry portal, a wide range of solutions covering banking products such as credit, electronic invoicing, payroll management, taxation and even the preparation of reports.

A search for simplification

A vehicle for accelerating growth for both entities, this strategic operation is part of a broader movement, marked by the rise of digital platforms, financial or not, which will seek to aggregate as many financial services as possible. In the case of Cegid and Shine, as with other players such as the major providers of treasury management solutions (Kyriba, Diapason…), the unicorn Pennylane, Tiime, Agicap or even Indy, the objective pursued consists of offering management teams and/or the finance function simplified access to financial services integrated, without changing interface. Services offered either directly by these all-in-one platforms directly, or by partners…