SAP forms strategic partnership to grow in Financial Services
SAP and investment company Dediq want to jointly expand SAP’s financial services portfolio with a significant investment in new solutions developed to better serve the rapidly changing banking and insurance industry. SAP and Dediq will form a dedicated FSI Unit, called SAP Fioneer, which will be jointly owned by SAP and Dediq, pending regulatory approval. SAP and Dediq will provide the FSI Unit with the funding, technology, development expertise as well as a broad ecosystem of partners necessary to rapidly establish it as a major force in the IT market.
Hear from our customers and partners
We are excited and supportive of the SAP FSI Strategy. We believe that this focused approach will deliver best-in-class products and services to customers and will enable agility and simplicity. This bold move will offer an opportunity to customers like us to co-innovate faster and fully realize the immense potential that technology can offer.
Maia Surmava, CIO
Microsoft is invested in speeding our customers’ time to value through industry-tailored solutions, including Microsoft’s Cloud for Financial Services, and our strong ecosystem of partners. Building on our expanded partnership with SAP, SAP’s FSI Unit and its cloud-based capabilities will offer exciting opportunities to accelerate co-innovation for our joint financial services customers, including end-to-end processes for lending (workplace) solutions, core banking solutions, and Microsoft Teams integration for banking and insurance products and cloud services. Together with SAP's FSI Unit, we look forward to delivering the capabilities and trusted platform financial institutions need to rapidly respond and adapt to changing market conditions and ultimately succeed.
Bill Borden, Corporate Vice President
Worldwide Financial Services Microsoft
For Berlin Hyp, SAP is a trusted and strategic partner and one of the key elements of our future IT landscape. We are very excited about SAP’s FSI Unit and the corresponding approach of leveraging SAP`s FSI portfolio as we collaborate to develop credit workplace solutions and more. Through our alignment with SAP and SAP’s FSI Unit, we will identify additional innovations and drive co-developments in the future.
Sascha Klaus, CEO
Berlin Hyp AG
Learn more about SAP Financial Services
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