SAP has announced the general availability of the 8.0 release of banking services, the latest edition of a banking platform for IT innovation from SAP. A comprehensive and fully realized offering, the latest release helps banks face the new realities of compliance, mergers and acquisitions (M&A), real-time transactional banking and advanced risk analysis.
Over 100 banks worldwide successfully run or are in the process of implementing the platform. The announcement was made at the SAP Financial Services Forum North America, which was held in New York in late October.
“The future of transactional banking is service-oriented architecture-based systems,” said Suprakash Chaudhuri, Acting Managing Director, SAP India. “The 8.0 release represents the type of forward-looking platform that today’s banks need to better engage with their customers and drive innovation while reducing costs.”
The latest release of banking services from SAP is the result of a long period of investment and cooperation with customers to deliver a comprehensive, end-to-end platform for key banking processes. It contains a comprehensive suite of financial tools that applies integration and analytics on top of risk and compliance and core banking, supported by over 1,000 trained consultants and experts.
SAP was recently positioned by Gartner Inc. in the leaders quadrant for international retail core banking and was cited as a market leader for both its “ability to execute” and “completeness of vision”.
