Bangalore — Banking Decision Sciences pioneer iCreate today announced its plans to deliver enhanced enterprise information management capability to the global banking sector. In collaboration with SAP, iCreate will be able to integrate its banking solutions with the business intelligence technology from SAP. This initiative is aligned with the shared vision between iCreate and SAP to help banks run their businesses faster and better with informed decisions.
Banks worldwide have been attempting to find the right solutions to address rapid growth and increasing compliance challenges. The changes in banking industry are driven by fluctuating customer needs and evolving regulatory environment globally, which urges the banks to leverage technology to make timely decisions through fast and accurate data.
With its acclaimed banking decision enablement and risk & compliance expertise, iCreate intends to roll out innovative solutions spanning across the spectrum of Banking Analytics, MIS, Data Management and Risk & Compliance. Through the agreement, the solutions will integrate with SAP’s proven technology portfolio for banking and financial services to deliver a compelling value proposition to progressive banks. The portfolio mainly includes SAP Sybase IQ enterprise edition, SAP BusinessObjects Business Intelligence platform and SAP Crystal Reports.
“It is part of our mission to provide banks worldwide with a superior decision making capability and this collaboration sets a new benchmark for the banking fraternity,” said Vivek Subramanyam, CEO, iCreate. “I am delighted that we can leverage SAP’s industry leading technology platform and R&D prowess to co-innovate best-in-class banking solutions. As a result of both companies’ leadership and focus in the banking domain, I am sure banks globally can now expect better information management and faster insights.”
“Our innovative partnering models open up new opportunities for partners to leverage SAP’s strengths with their own core competencies to create new, compelling, and innovative products,” said Elbert Bailey, VP of Strategic Initiatives, Ecosystem and Channels, SAP Asia Pacific Japan, “Through their solutions embedding our proven technology platforms, we will work closely with iCreate to serve our joint banking customers – partnering to increase their customer-centricity, reduce cost and complexity, and better manage regulatory and risk compliance.”
Headquartered in Bangalore, India with offices in Asia Pacific, South Africa, the Middle East and Europe, iCreate is a global Banking Decision Sciences leader that works with banks worldwide to enable faster, better decision making. iCreate’s enterprise-grade BI, Analytics and Performance Management solutions integrate seamlessly with Banking systems and delivers a fully functional Decision Enablement System running in a fifth of the time when compared to conventional alternatives, at the lowest TCO and with advanced solutions in areas such as Retail Banking, Corporate Banking, Analytics 360, etc. iCreate currently has over 35 progressive financial services institutions across 11 nations as customers. iCreate is funded by venture capital majors Sequoia Capital and IDG Ventures to accelerate market expansion and boost product innovation efforts. www.icreate.in
SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.
Business Objects, BusinessObjects, Crystal Reports and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.