Hervé Sitruk, 60, is mainly recognised as a European expert on electronic banking transactions and interbanking payment networks, on smart cards and the security issues involved in the deployment of banking applications and electronic document signature via the Internet.
His university career includes both scientific and technical (post-graduate degree in information technology and a degree in Mathematics) and management fields training (diploma from French Institut d’Etudes Politiques in Paris and post-graduate degree in Management from Paris Dauphine, with a banking and finance special field).
He is now lecturer on Banking and Financial Technologies at French Paris Sorbonne University, for post-graduate degree training.
During his more than forty years of experience, for different industries (banking, manufacturing, insurance …), including more than twenty five years in the field of payment consulting, he has been responsible for consultancy businesses for major French services providers such as Sligos (known today as Atos Origin).
For the last twenty years, he set up it’s own consulting company, and works mainly in the banking area. He has headed up strategic consulting operations for all the major French banks, but also for some European banks, and has a lot of personal links with all the interbank systems in the payment field for small or large amounts. He was then the consultant of the main banking IT managers in France.
He was from 1989 to 1998, the main consultant of the Groupement des Cartes Bancaires, the French banking consortium for the smart cards. Since, he achieves a lot of studies on smart cards, electronic purses …for French or European banks. He was also consultant for the French clearing company, and other interbank systems.
From 1990, he was in charge of several reports commissioned by the French Ministry of Finance and the French National Committee for Credit and Securities:
- A major report on technologies used in the French finance and banking system as we move towards the Single Market (1991), set up with the main Banking IT Managers and IST Industries,
- The first detailed study on payment systems and interbank organizations in Europe, with the support of European central banks and the European banking industry organisations,
- A report on electronic banking in Europe and in US….
In 1995, he acted as consultant to the European Commission on the drawing up of the Green Paper concerning the changeover to the Euro, and defined the euro scenario for the banking and financial industry. He was a member of "GroupEuro" of the European Commission,
A diplomat at heart, he was in charge of some confidential missions or for common projects between banks in France and at the european level, with banking federations, the European Central bank, and the European Commission….
From 1998 to 2001, he was instrumental in the convergence of two French projects for electronic bank card payment on the Internet - CyberCard and e-COMM. And set up a new company, Cyber-Comm for standardisation, development and implementation of a secure signature on Internet with smart card and PKI.
On March 2001, he came back to its traditional business as Consultant in its own company, named MANSIT.
From 2001, he works for banks on various projects about payments and cards systems in France and Europe. And help banks to define their own European strategy and to set up interbank software companies for card management.
He has produced various report on “Positive file for credit bureau in France”, “the new Banking Industry”, “SEPA for cards”,… commissioned by the French Ministry of Finance and the French National Committee for Credit and Securities. He is also moderator of a lot of seminars about payments systems, cards, Internet….
