As we busily prepare for the upcoming Sibos conference in Dubai, it’s interesting to note that September also marks the 5 year anniversary of the start of the financial crisis. Although some progress has been made in restoring order and trust in the world’s financial institutions, the industry remains forever changed.
The pace of change has continued to accelerate over the last 5 years. New regulations, new channels, and new customer segments have become the new normal. Perhaps the most revolutionary change is how this “new normal” has forced the evolution of innumerable business models. Disintermediation. New Entrants. Regulation. Globalization. We now find ourselves needing to redefine each of our business models and to redefine what we once thought of as our value chains.
In this video, SAP’s Andy Hirst, Vice President of Commercial Banking discusses the key trends and innovations impacting Commercial Banks around the world. From mobility to in-memory computing and cloud, Andy discusses how SAP is co-innovating with major financial institutions to create solutions to support these emerging business models, to help commercial banks better connect with their corporate customers.
If you are attending Sibos, be sure to check out one of the SAP sessions:
- The Age of Business Networks, Wednesday September 18, 16:15, Open Theater (OT1)
- Welcome to the Age of Big Data, Wednesday 18th September, 9:30, Community Session
We hope to see you in Dubai!