WALLDORF — SAP SE (NYSE: SAP) today announced it has been positioned by Gartner Inc. as a leader in the Magic Quadrant for Global Retail Core Banking report* for the ninth consecutive year. 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.”
According to the Gartner report, “Leaders in the global retail core banking GRCB market tend to possess a high-order market understanding – that is, they make it their business to monitor market trends, funneling progressive innovation into their product road maps. About half of this group either possesses software development quality certifications or is pursuing them. Without exception, the leaders are progressively ‘thinking small’ or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation.”
Core banking software from SAP give banks a 360-degree view of the business so they can streamline operations, deliver customer-centric services and efficiently satisfy regulatory mandates. Providing the flexibility of cloud adoption and powerful analytics of the SAP HANA® platform, SAP gives banking customers real-time insights into key performance indicators such as market trends, customer behavior and risk patterns.
More than 14,100 banks in 150 countries rely on the SAP for Banking solution portfolio to become more customer-centric, reduce complexity and manage regulatory and risk compliance more easily. To learn more, visit http://www.sap.com/banking and SAP® Solution Explorer.
The 2016 Gartner Magic Quadrant for Global Retail Core Banking report can be accessed here.
*Gartner, “Magic Quadrant for Global Retail Core Banking,” published April 21, 2016 by Don Free
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