SAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of a new vertical product strategy to cater for banking and insurance customer needs.
According to SAP Fioneer, the adoption of a vertical approach significantly reshapes its offering to customers.
By using three platforms to provide IT solutions tailored to specific market and customer needs it 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 carve-out from global tech leader SAP.
SAP Fioneer’s Banking, Insurance and Finance & ESG Platforms are built on SAP’s world-class technology to deliver end-to-end solutions for the financial industry that are pre-integrated, ready to run and seamlessly integrated with existing applications.
Packaged solutions, known as ‘editions’, will form an integral part of the platform offering and feature flexible and scalable ‘out-of-the box’ solutions tailor-made for specific verticals and customer needs, SAP Fioneer explained.
According to the announcement, customers will also be able to ‘co-innovate’ by being able to customise and design solutions in partnership with SAP Fioneer.
SAP Fioneer products such as ‘Cloud for Banking’ (C4B), used by leading banking and paytech organisations including The Bank of London and COMO are part of the verticalized product portfolio and are available as part of the platform editions, the company added.
Kruse commented: “The launch of our platform strategy reinforces our capability to offer stability and resilience through rock-solid, world-class financial technology, and at the same time be agile to developments with a host of scalable, configurable and open core solutions.
“By putting customer experience first, our vertical approach enables them to stay ahead of the curve. Our unrivalled product portfolio, coupled with SAP Fioneer’s expertise, offers customers the breadth and depth they need to achieve their ambitions.”
