SAP Fioneer Announces New Vertical Product Strategy

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SAP Fioneer, a global provider of financial services software solutions and platforms, announced the launch of a new vertical product strategy to meet the needs of banking and insurance customers.

According to SAP Fioneer, taking a vertical approach is significantly reshaping its offering to customers.

Using three platforms to deliver IT solutions tailored to specific market and customer needs will enable them to navigate an increasingly complex financial landscape.

SAP Fioneer CEO Dirk Kruse made the announcement at the SAP & SAP Fioneer Financial Services Forum in Amsterdam.

The event took place just over ten months after the launch of SAP Fioneer, a financial services division of global technology leader SAP.

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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 “off the shelf” solutions tailored to specific verticals and customer needs, a explained SAP Fioneer.

According to the announcement, customers will also be able to “co-innovate” by being able to customize and design solutions in partnership with SAP Fioneer.

SAP Fioneer products such as “Cloud for Banking” (C4B), used by leading banking and payment technology organizations including the Bank of London and COMO, are part of the verticalized product portfolio and are available as part of the of the platform, the company added.

Kruse commented, “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 core solutions. , configurable and open.

“By prioritizing the customer experience, our vertical approach allows them to stay ahead of the game. Our unparalleled product portfolio, combined with the expertise of SAP Fioneer, gives customers the breadth and depth they need to achieve their ambitions.

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