Banking
Digital transformation is paving the way for innovation in banking
Banks that drive digital transformation are using data in the cloud and intelligent technologies to lower costs and maximise speed while improving the customer and employee experience.
Migration to the cloud
Banks are operating in the cloud safely and more nimbly by leveraging intelligent technologies, such as AI and machine learning (ML), for improved speed and accuracy. They can develop new business models in the cloud to avoid being disrupted, gain efficiencies to fund innovation, and transform mission-critical systems while mitigating business risk.
CFO as a strategic visionary
The role of the CFO is evolving and expanding with the use of data analytics and intelligent technology. Moving beyond financial reporting and P&L, CFOs are leveraging advanced data analytics to gain greater insight into strategic planning and help line-of-business heads make better-informed decisions.
Sustainability
Banks are facing increasingly complex sustainability requirements in balancing the needs of the investor, the transition to carbon neutrality, and the advancement of social goals while grappling with regulations and data gaps. Through the use of advanced data analytics and reporting, banks can more easily meet these requirements.
Competition for talent
To attract and retain the top talent needed to drive digital transformation, banks are providing employees with the most advanced digital tools and an overall experience that fosters employee engagement, growth, and satisfaction.
Innovative banking solutions from SAP and our partners
Solutions that address specific banking industry needs help you achieve cost-effective transformation and sustainable growth.
SAP S/4HANA Cloud for finance
Managing risk, complying with regulations, and providing accurate and timely information is essential in banking. Our cloud ERP software can help banks stay compliant, manage financial data, control costs, and reduce risk.
SAP SuccessFactors solutions
Staying ahead means attracting and keeping the right talent. Our responsive workforce management solutions can help banks achieve this with robust human capital management capabilities and in-depth employee experience insights.
SAP Business Network
By improving visibility into spend, banks can identify savings opportunities within their global supplier base. Our solutions can help digitalise and automate procurement and supplier collaboration for greater spend agility.
SAP Profitability and Performance Management Cloud
Get intuitive, cloud-based tools to define, build, and manage sophisticated and flexible business models without IT involvement. You can increase trust by replacing manual, error-prone spreadsheets with robust processes.
SAP Commerce Cloud, financial services accelerator
Manage customer expectations and foster growth with transparency, simplicity, and engagement by creating a streamlined and personalised banking experience while meeting unique requirements.
Cloud for Banking (C4B) by Fioneer
Use a next-generation, wallet-type solution that enables banks to store and manage transactions of all “currency” types, such as fiat, digital currencies, tokens, and loyalty points for your customers.
Discussing AI in the Financial Sector
SAP Experts thinking AI in London- AI’s future in the Financial Sector
See how customers are succeeding with banking solutions from SAP
Financial Services Forum Americas
Presented by TAC Insights. March 6-7, 2024 | Boston, MA
What are industry experts saying about trends in banking?
Why technology is key to growth for midsize financial institutions
Discover how growth-focused financial services companies are accomplishing business goals and becoming more competitive with the help of cloud-based technology.
Transforming finance in growth-focused companies
Learn how you can re-envision the finance function and the value of ERP technology in supporting business growth.
Finance and risk software from SAP can help banks stay compliant and reduce risk while managing financial performance to control costs. By leveraging data and advanced analytics, banks can gain greater financial insight and control through a faster, compliant financial close.
15% time savings during the financial close in organisations that set up real-time financial accounting.
Source: SAP Performance Benchmarking
With spend management software from SAP, you can proactively increase managed spend and integration across spend categories, enabling holistic analytics and significant savings in spend.
Customer experience solutions from SAP use customer data and intelligent analytics to enable omnichannel sales and self-service banking. They can help you provide hyperpersonalised marketing at scale and drive customer engagement, allowing you to become a trusted advisor in your customers’ evolving journey toward financial health and well-being.
66% of banks say data is the most critical challenge for improving the digital customer experience.
Source: Qualtrics
We are very happy that we took this step. I do not know how we could further develop future data-driven sales without SAP software.
Andreas Küchle, Marketing Director, Sparda-Bank Baden-Württemberg
Our comprehensive software can help banks stay ahead of narrowing profit margins by enabling them to drive the lowest unit cost of production and foster agility for mass individualisation, ongoing innovation, and improved margins across the customer relationship.
65% of organisations will have shifted to digital-first through automated operations and contactless experiences by 2021.
Source: IDC
Thanks to SAP, we could begin our transformation journey, truly focus on serving our customers in the digital age, and ultimately help and connect with them at every stage of their financial journey.
Brad Scrivner, President and CEO, Vast Bank