SAP Positioned as a Leader in the Gartner Magic Quadrant for Global Retail Core Banking
For the ninth consecutive year, SAP has been positioned by Gartner, Inc. as a leader in the Magic Quadrant for Global Retail Core Banking report. SAP is recognized as a market leader for both its “ability to execute” and “completeness of vision.”
“In today’s fast-paced consumer environment, banks must operate in real time and efficiently 24×7. One very powerful way to achieve this is through the adoption of in-memory computing technology,” said Falk Rieker, global head of the banking business unit, SAP. “With the in-memory computing power of SAP HANA, banks can analyze operations, markets and client activity simultaneously, generating deep insights that enable faster decision making. Core banking software from SAP enables banks to make their business more agile and customer-centric.”
The Gartner report highlighted the SAP Transactional Banking package because it provides a modular architecture based on a service-oriented architecture. This module can be implemented either as a complete package or as single components in a stepwise approach. Another noted strength is the ability of SAP to provide real-time in-memory analytics with dedicated levels of country-specific regulatory support for up to 27 countries. In addition, the report points out how SAP helps its customers take advantage of the banking industry architecture network (BIAN). As a result, SAP and its community of banking customers are creating IT architecture trends and driving future standards.
More than 14,100 banks in 150 countries rely on the SAP for Banking solution portfolio to become more customer-centric, reduce complexity, and more easily manage regulatory and risk compliance. With the flexibility of cloud adoption and powerful analytics of the in-memory SAP HANA platform, SAP gives banking customers real-time insights on key performance indicators such as market trends, customer behavior, and risk patterns.
To learn more, visit www.sap.com/banking and the SAP Solution Explorer.
The 2015 Gartner Magic Quadrant for Global Retail Core Banking report can be accessed here.