RBS is to invest in core banking solutions from the SAP for Banking portfolio.
It will replace an in-house legacy system with a deposits liquidity engine for the corporate bank, offering sales operations a better view into customers’ deposit accounts. The aim is to help sales representatives to offer the products and services that best meet the individualised needs of their customers.
The deal was signed in September with plans to go live in 2012. “Royal Bank of Scotland is a fantastic global brand in the banking industry and we are thrilled that they are taking their business to the next level with SAP,” says Don Trotta, global head of financial services industry, SAP. “Core banking systems are at the heart of a bank’s operations and with our solutions we are offering major banking customers such as RBS the most flexibility and agility in this mission-critical part of their environment. We look forward to making this a very successful project and the start of a long-term, strategic relationship."
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