SAP Eyes Banking Sector for HANA Growth
SAP announced a number of Rapid Deployment solutions assembled specifically for the banking and financial services industry, an area that the company is also targeting with its HANA in-memory analytics platform and other products. These latest offerings bring together hardware, software and services in pre-set packages that individually target different areas.
SAP is offering two of these Rapid Deployment solutions under the title Loan Management: one is a regular configuration that sets up the infrastructure that would manage this part of operations, and the second also covers migration from an existing environment. There’s also SAP Deposit Management, and a couple other new additions to the company’s portfolio that leverage HANA.
Deposit Management is also offered with capabilities to analyzed historical actively using the BI firm’s big data platform, and Bank Analyzer makes use of the same technology but for reporting and ad-hoc instead of account holder metrics.
SAP promises a deployment of less than 90 days, which according to a release can trim the overheads associated with this process by up to 40 percent.
‘Rapid-deployment solutions represent a new pinnacle for revitalizing banking systems,” said Falk Rieker, global head, Banking Industry Business Unit, SAP. “They combine our business process knowledge with best practices we have honed in the banking industry. Customers can better navigate the transformation process and implement our solutions in a highly efficient manner.”
The banking industry is one particular sector that is opening up to big data analytics at a very rapid pace compared to other industries. And that involves a lot of things: the software that processes the data and, among other things, the hardware that’s used to store it. Dan Marbes, a system engineer at Associated Bank, talked about his organization’s relationship with Compellent over the years during last week’s Dell Storage Forum. As with other financial institutions, big data analytics is an area of interest and top vendors, from SAP to Dell, are coming out with more solutions specific to the industry’s needs.
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