SAP said it’s Banking services 9.0, designed to help banks to digitize their business, is now available.
This platform enable banks to complete the shift to a real-time, fully digital business model and merge previously siloed functions, SAP said in a statement.
The 9.0 release of banking services uses the SAP HANA platform. It will help banks join data streams, conduct real-time analysis and create new products to meet customer needs.
“With mounting demands to run their organizations more efficiently, achieve new product innovations faster and provide more personalized service to customers, banks are in need of a new technology backbone that can support all of these tasks simultaneously,” said Falk Rieker, global head of the banking business unit, SAP.
Rieker added that banking services 9.0 create a digital core, unifying the entire banking lifecycle and setting banks up to be more agile in their business transformation.
Further, he said banks can go beyond traditional transaction processing and drive end-to-end digitized processes based on a single source of information from planning and execution to prediction and analysis.