SAP updates banking software

SAP has announced the forthcoming release of the 8.0 version of its banking software.

This is planned to include analytics tailored to the latest compliance regulations as well as accommodation of mergers and acquisitions through highly flexible transactional banking.

“Banking services from SAP comprise the most comprehensive and innovative IT platform for banks and financial institutions,” says Gerald Faust, head of industry business unit banking, SAP. “As the industry faces a lot of mergers, we have created a step-wise and flexible approach that will help banks to integrate their systems efficiently and without disruption. In addition, SAP provides the most comprehensive solution to quickly react to the frequently changing regulatory requirements while at the same time focusing on serving the customers with the right products and services at the right time. Our banking services will have all the tools needed to elevate a bank to the top of its industry.”

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