SAP Fioneer Announces New Vertical Product Strategy for Banking and Insurance Customers

By Joy Dumasia

July 14, 2022

  • consumer needs
  • Digital Insurance
  • Digital transformation

SAP Fioneer, a global provider of software solutions and platforms for financial services, announced the launch of a new vertical product strategy that significantly reshapes its offering to customers. Adopting a vertical approach, three platforms will provide IT solutions tailored to a specific market and client needs allowing them to navigate an increasingly complex financial landscape.

SAP Fioneer’s banking, insurance and finance and ESG platforms are based on SAP’s world-class technology to deliver end-to-end solutions for the financial industry that are pre-integrated, ready-to-run and integrated seamlessly to existing applications. Packaged solutions, referred to as “editions”, will be an integral part of the platform’s offering and will include flexible and scalable “out-of-the-box” solutions tailored to specific verticals and customer needs. At the same time, customers can “co-innovate” by being able to customize and design solutions in partnership with SAP Fioneer.

The announcement was made at the SAP & SAP Fioneer Financial Services Forum in Amsterdam by Dirk Kruse, CEO of SAP Fioneer. The first flagship event takes place just over ten months after the launch of SAP Fioneer, a financial services division of global technology leader SAP. The conference features a host of organizations from the banking and insurance industries, including Bank of London, Munich Re and Standard Chartered, with experts from SAP and SAP Fioneer joined by the best-selling author, founder of start -up and radio host Brett King for the day. opening speech.

Dirk Kruse, CEO of SAP Fioneer, said, “Many financial services organizations in the banking and insurance industries are facing significant challenges ranging from regulatory change to rapid digitalization, and it has never been more important for them to keep up with the times. rhythm. The launch of our platform strategy strengthens our ability to deliver stability and resilience through robust, world-class financial technology and, at the same time, be agile to developments with a host of scalable, configurable and open core solutions . By prioritizing the customer experience, our vertical approach allows them to stay one step ahead. Our unparalleled product portfolio, combined with the expertise of SAP Fioneer, gives customers the breadth and depth they need to achieve their ambitions.

Recently, IBS Intelligence announced that Bank of London, the purpose-built global clearing, agency and transaction bank, has partnered with SAP Fioneer, a global provider of financial services software solutions and platforms. , to transform and simplify global clearing and transactions. banking.

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