By 2025, a significant portion of banking revenue will come from nonbanking services. Banks will be a platform for digital services that reflect a wide range of banking and related nonbanking services. The most successful banks will learn how to weave together formerly siloed processes, intelligent technologies, and real-world data from customers and partners.
Banking provides vital services to society; our impact is poised to grow. But to fulfill this potential, banks need to become intelligent enterprises to respond to increased customer expectations, leverage data, and take a hard look at their own processes. Banking must have the courage to remake itself – or risk being marginalized.
Introducing SAP Fioneer
With the intelligent, sustainable enterprise approach and the significantly changing financial services technology market driven by fintechs in mind, SAP announced in 2021 the launch of SAP Fioneer. This new member of the SAP family is a joint venture for the financial services industry (FSI) between SAP and Dediq GmbH intended to fuel the development of core banking and insurance industry solutions.
SAP Fioneer further expands the financial service software capabilities offered by SAP. It also develops and innovates on new solutions to serve customers in the rapidly changing banking and insurance industries. SAP Fioneer enables customers to innovate and transform their business by combining premier SAP technology with development expertise and a global network of customers, partners, and colleagues.
The vision of SAP Fioneer is to become a leading global provider of financial services–specific software solutions and platforms. Robust core insurance software coupled with innovation centricity is front and center for the team.
SAP Fioneer is in the exciting position of combining the speed and agility of a startup with the stability, experience, and proven capabilities of a world leading enterprise software provider. They help companies in the financial services industry meet their needs for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking- and insurance-specific processes.
“Our customers can expect the same high-quality engagement they are used to, but they now also benefit from new capabilities,” said Dirk Kruse, CEO, SAP Fioneer. “Solutions of SAP Fioneer will be based on integrated data and allow customers to move FSI processes to SAP Business Technology Platform in the cloud. We are excited to accelerate the business transformations of our customers with innovative solutions that will be built as part of SAP’s industry cloud solutions, all based on SAP technologies and applications.”
DYCSI is the leading SAP Fioneer partner in the Americas. Fill the form below and contact us to learn more about our solutions.