SAP Third-Party Integration Certification – Banking
Axxiome has established itself as a synonym for high value transformation services in banks, insurance and captive finance companies and extended its footprint to serve customers all over the world. The company strives to provide high value for customers in the financial services industry through proven global expertise.
SAP and Axxiome enjoy a long-standing partnership having delivered several projects across the globe for clients in banking, insurance and captive finance. Axxiome recently achieved “SAP Certified – Integration with SAP Applications” for their banking solution “Axxiome Digital V1.4” from SAP Integration and Certification Center (SAP ICC).
It was my pleasure to interview or ask “five” interesting questions to Nicolas Grilli, Global Product Manager, Axxiome about their product and what certification means for Axxiome and beyond. Thanks Nicolas, for answering those questions and sharing this valuable information with us.
Q1) Could you give us bit of a background about Axxiome?
Axxiome is a global solutions provider focused on providing best in class digital solutions, consulting and IT services to the financial services industry. Axxiome excels in bridging the gap between legacy systems and modern solutions, driving superior business performance for clients. Having been at the forefront of all things digital in financial services since its inception in 2009, Axxiome, through its flagship products – Axxiome Banking and Axxiome Digital – helps banks deliver unmatched omni-channel experiences, increase speed to market for new products and portfolios, run automated operations and establish a flexible IT infrastructure that enables end-to-end digitalization. Complementing Axxiome products and those from other technology providers are a host of Axxiome IT services that clients can leverage to efficiently manage their businesses. Powered by a global partner ecosystem, Axxiome drives innovations in data and analytics, open APIs, AI, robotic process automation, voice-first and many other areas, so clients remain competitive in the digital age. Head quartered in St. Gallen, Switzerland, Axxiome has operations in Europe, North America and South America. Click here to learn more about Axxiome.
Q2) What is this integration all about? Why was it important for Axxiome to apply for the SAP integration certification?
Axxiome Digital V1.4 has been certified for integration with SAP Applications. Certified functions include Business Partner Origination, Business Partner Servicing, Account Origination and Account Servicing, Teller, and Payments. In fact, this certification is not a first of its kind for Axxiome products in relation to SAP. Axxiome’s previous generation products such as PROGVS and JKassa have enjoyed SAP certification for over a decade now. Axxiome Digital has modernized some of the core functionalities from its predecessor products to serve the needs of clients todayand this new certification from SAP continues the legacy.
Axxiome helps banking clients with strategic, digital transformation initiatives. A crucial aspect for banks aiming end-to-end digitalization is having a core banking platform that truly supports the transformation – digital-ready, connected, scalable, flexible yet robust enough for decades to come. SAP addresses all the aspects through its core banking platform, SAP Banking Services, that offers the best in class back-end technology for banks. Axxiome Digital completes the digitalization puzzle in the front-end. A tight integration of Axxiome Digital with SAP Banking Services therefore became important, so we can offer clients a ready-to-run, end-to-end banking platform.
Q3) What does the Axxiome Digital V1.4 technically consist of?
Q4) What does the integration mean for customers? What benefits does it offer?
The seamless integration of Axxiome Digital with SAP Banking Services combines the best of back-end technology and a digital core in SAP Banking Services and an intelligent platform for omni-channel, customer engagement and digital innovation in the front-end with Axxiome Digital. The pre-integrated, ready-to-deploy solution helps banks easily address changing customer needs, deliver previously unimaginable digital customer experiences, exploit modern technologies, digitize and automate operations reducing costs and improving user experiences, increase speed to market for new products, leverage data in real or near real-time and choose a business model that is best suited to their strengths.
Integration between the front-end and back-end systems, from our vast experience in banking, is one of the more crucial aspects in any transformation projects. It can be time-consuming, ambiguous and at times risky and disruptive too. With Axxiome and SAP solutions, the integration has already been achieved and is certified too, which directly translates into cost benefits and rapid deployment efficiencies for banking clients.
Q5) Could you expand on Axxiome’s relationship with SAP?
SAP and Axxiome enjoy a long-standing partnership having delivered several projects across the globe for clients in banking, insurance and captive finance. Axxiome’s proximity to SAP particularly in core banking, data and analytics, finance, accounting and risk among other areas has allowed Axxiome the opportunity to gain expertise in the SAP technology stack over the years. Axxiome, thus, is well positioned to help clients achieve maximum value from SAP’s robust technology while minimizing risks and optimizing cost during implementation. Further, to help clients achieve quick time-to-market and address real-world problems in banking, it was imperative that we pre-integrate Axxiome Digital with SAP Banking Services. This certification adds an important feather to the Axxiome-SAP partnership. We are also looking to leverage this integration to work with some of the other solutions from SAP including SAP C/4HANA, SAP S/4HANA and the SAP Cloud Platform to provide even more value through our offerings.