SAPPHIRE NOW Financial Services Recap
Entering the convention center in Orlando for SAPPHIRE NOW, one immediately feels invigorated, awed and inspired. I arrived early and the sense of “something big’s about to go down here” was immediate. Staff still vacuuming the last bit of lint from the carpets spanning the enormous floor space, employees doing last-minute run-throughs of demos and videos, food and coffee for 20,000 being laid out at intervals that would keep you moving through the massive space – it all added to the anticipation. Then – show floor open! Streams of attendees walking around like tourists in New York City – mouth open, looking around in awe.
And for financial services, the anticipation paid off. With over 300 executives from banking, insurance and capital markets in attendance, they were treated to content from the three campuses and the theater sessions, panels, expert tables, microforums and demo theaters that were dedicated to banking and insurance.
Sean Lewis presented the financial transformation project underway at New York Life. He explained how SAP Insurance Analyzer would help them address the regulatory and big data challenges facing the insurance industry and help them gain a single source of truth across the organization and optimize their financial architecture for speed and agility.
Briana Macintyre from BB&T also talked about finance transformation and how SAP was helping to effectively integrate BB&T’s financial and risk architecture into a single, scalable, flexible platform which provides ONE source of the truth for financial data and methodology in support of SEC, regulatory, tax, management and operational reporting and analytics.
There was much buzz generated by the introduction of banking and insurance on the cloud. Panelists from AIG, Visa and Allstate spoke about how their organizations were already taking advantage of the power of innovating in the cloud.
Watch the replays of the sessions described above along with many more here.