According to Banktech blogger Art Gillis, SAP is faced with a three-pronged challenge. While Fiserv and FIS have been in the core software business for 43 years, SAP has been invested in core for only a couple of years. Now, though, Gillis says it appears that SAP is gearing up for a five-year plan that will overturn its “past five-year dud.”
“This situation and its corresponding plan could look very appealing or very risky depending on who is managing the pro forma spreadsheets, and the rationale behind the business case,” writes Gillis, adding that every vendor wants a piece of the IT pie in banking.
Read the article: “SAP Finally has a Plan for Core Banking“.