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Explaining How SAP Creates Value for the Banking Industry

<div id="content"><div class="parentsection"><div class="section"><div tabindex="0"><h3></h3></div><p tabindex="0">This video will equip you with the knowledge and tools to transform products, services, and IT operations while staying competitive. We will cover key trends shaping the Banking industry and SAP's best-of-suite solutions for the Banking industry value chain.</p><div class="note"><div class="noteTitle"><span class="noteIcon"><img title="Note" src="/icons/note.svg"></span><span class="noteTitleText">Note</span></div><div class="noteBody"><p tabindex="0">SAP employees and official SAP Partners can download <a target="_blank" href="https://dam.sap.com/mac/app/search?query=SAP942329&amp;assetUploadOpened=true">the slide deck.</a></p></div></div><div class="kalturaVideoLessonWrapper"><div aria-label="" class="kalturaVideoLessonContainer" data-testid="video" id="1_p0bnxhun"></div></div></div></div><div class="parentsection"><div class="section"><div tabindex="0"><h3>Lesson Summary</h3></div><ul style="list-style-type:disc"><li tabindex="0"><strong>SAP's Strategy and Offerings for Banking Industry:</strong> SAP provides a comprehensive solution portfolio for banks and financial institutions, combining cloud ERP, finance, sustainability solutions, and industry-specific functionalities like loan management and payments through SAP Fioneer. The focus is on enabling automation, operational efficiency, and integration of AI-driven capabilities.</li><li tabindex="0"><strong>AI Integration and Partner Ecosystem:</strong> SAP emphasizes embedding AI into business processes to deliver measurable business outcomes. Partnerships with IBM, Microsoft, Google, and others align with SAP's open ecosystem strategy, offering AI capabilities such as invoice matching, guided selling, and generative AI for enhanced efficiency and customer experiences.</li><li tabindex="0"><p tabindex="0"><strong>Introduction of SAP Datasphere:</strong> Datasphere, the next-generation SAP Data Warehouse Cloud, supports scalable access to critical business data. It serves as the underlying platform for financial planning and reporting, reflecting SAP’s commitment to openness through collaborations with Databricks, Google Cloud, and other partners.</p></li></ul></div></div></div>

SAP Creates Value for the Banking Industry

Introducing the Banking Industry

Unit 2 - Showcasing SAP for Banking - Part 1

Welcome to SAP for banking. In this video, you will hear how to leverage this deck for your very own prospect and customer conversations. Feel free to use the industry trends, customer stories, or value drivers provided in this deck to get your prospects' attention. Let's dive right into it. First, let's talk about some of the most pressing industry trends and pain points we see in the banking industry and then discuss how to overcome those with the use of our SAP solutions. On this slide, you'll see some typical questions we have from customers and keep in mind where they fall into each bucket. For example, how do I get better insight into financials and drive the business forward? That's financial insight and risk control. How do I effectively engage with customers? That's digital customer engagement. How do I attract employees and measure employees' sentiment? That's employee development. How do I ensure customers are seamlessly connected to our services? That's customer experience, but also embedded finance, is a topic here. Can my system support new products and services for my customers? This is all about product innovation and operational efficiency. And last but not least, how do I ensure a compliant in swift financial close? This is all about compliance and risk. Let's talk about some of the trends and challenges. Most of you and hopefully all of you will be aware of the rising customer expectations we are experiencing in banking. This is due to a large extent to the increasing competition but also due to disruptive technologies. Now this goes along with some challenges. Specifically, traditional banks have to deal with like complex heterogeneous IT landscapes and processes and the lack of real-time data information. Taking this current state in place, how do you achieve your growth ambitions? How do you enter successfully new markets, new customer segments, new products, deliver new services, and come up with a data -driven personalized offering? Now, with the current solutions, with the current state, that's hard to achieve. In many cases, the current systems and the technology are not sufficient. IT has to be a key enabler for digital transformation. And this is exactly where we come into the game where SAP comes to the game. Let's spend some time to discuss our strategy for the banking industry. Our strategy in banking is completely in sync with our corporate strategy. SAP provides market leading cloud solutions for cloud ERP for spend management, human capital management, and customer relationship management. SAP Fionier. joint venture for the financial service industries provide solutions that complement our finance and sustainability solution, but also industry -specific solutions for core core business process like loans management, payments, and when you look at the insurance side, policy management, and claims. Together SAP and SAP Fi -O-Nir provide innovative solutions that drive standardization, automation, and operational efficiency. Together with SAP Phi-O-Nir, we provide one of the most comprehensive solution portfolios for banks and financial services institutions. Everyone is talking about AI, so where does AI fit into this picture? AI a key element in our overall strategy. Our strategy can be described as relevant, reliable, and responsible business process-specific AI. What does this meet? We are combining AI with business data and industry expertise. That's how you bring AI to life. not just by providing a tool. You need to put it into the business process to deliver business outcomes. Another key element of our strategy is our partner ecosystem. We have made several AI -related announcements, for instance with IBM, Microsoft, and Google. This is in sync with our open ecosystem strategy. We want to provide a choice of embedding best in class AI into business processes. Now, SAP already offers a wide spectrum of AI, and machine learning capabilities built in SAP's solution portfolio. Let's highlight a couple of these scenarios. When we look at the finance area, invoice matching in the company matching and reconciliation record to report optimizations. When we look at HR, workforce planning, planning, and targeted talent management. We look at sourcing, contract consumption predictions, guided buying in Ariba. And in the CX area, guided selling, intelligent forecast, faster issue resolution with recommendations for next best actions, just to name a few. In addition, we also provide generative AI scenarios. In CX, customer 360 profile summary personalized product recommendations. An HR learning recommendation, job descriptions, and interview question generation. Marketing, product, description generation, and review summaries. Analytics, Natural Language Queries. A BPI and Signavio and Lean IX process model generation and the documentation of these processes. The list goes on and on and on. Bottom line, we have lots of AI scenarios you can start with and be assured that jointly with our partners, we will provide many more AI-related innovations in future releases. The third piece to highlight is Datasphere. the next generation of the SAP Data Warehouse Cloud. It is a comprehensive data service that enables every data professional to deliver seamless and scalable access to mission-critical business data and the data ecosystem. Now we believe in partnering. We believe in openness. Therefore, we are partnering with companies like Databricks, Confluent, Calbra Data Robot, Google Cloud, and many more to give you the best of all worlds. We will make Datosphere also the underlying. platform for our financial planning and reporting. Every customer needs to have Datasphere as part of their target architecture going forward. When we talk about our strategy in banking, we have to talk about SAP Fionir. SAP Fionir is our number one partner for the industry cloud in banking. SAP Fionir will be the backbone of our industry cloud portfolio. The mission of SAP Fionnear in the SAP Fyonir in the SAPE. ecosystem is to provide excellent financial service industry functionality, leveraging the SAP platform to further strengthen the SAP ecosystem in financial services. Fionir will not be the only partner. We will also have other partners. We will continue to onboard various best and class software partners in our industry cloud. However, Fionir will be the number one partner. This concludes part one. Let's look at the business capabilities that SAP can provide along the banking value chain and how customers are using these in more detail in the second part of this session. Thank you for your attention.