SAP has introduced real time platform- Banking services 9.0- to help banks digitise their core business and consolidate transactional and analytical processes on one platform.
The platform, powered by SAP HANA, has been designed to help banks shift to a real-time, fully digital business model and unify siloed functions.
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It allows banks to join data streams, carry out real-time analysis and create new products to meet customer preferences more effectively.
The platform meets large-volume environment requirements, phases out data redundancy as well as offers live analytics for business users.
SAP global head of the banking business unit Falk Rieker commented: "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. 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.
"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, all in real-time, providing a superior customer experience."
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