based network’ between these and the banking sector for payments, based on a small monthly fee for corporates, potentially with some form of transaction-based charges as well. General availability was scheduled for Spring or Summer 2013. There looked as though there would also be an e-commerce aspect to the plans, potentially through SAP’s acquisition of buyer-seller collaboration network, Ariba, for $4.3 billion, with this closing in October 2012. There was a roundtable at Swift’s Sibos show in Osaka at the end of October 2012 and notable was the number of major banks lined up behind SAP’s initiative. Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi (BTM), Citibank, Deutsche


Partnerships


In mid-2007, there was a tie-up with Sungard. This envisaged Sungard’s risk solutions being brought into SAP’s compliance suite. The first focus was on Sungard’s Bancware asset liability management (ALM) offering. SAP’s partnership strategy also saw Callataÿ & Wouters


(now Sopra Banking Software) sign as the first core banking systems partner for what SAP was now calling its ‘outbound OEM’ strategy. As a result, C&W planned to gradually incorporate SAP components into its Thaler solution (now known as Sopra Banking Platform), thereby leveraging SAP’s investment in a number of areas, including SOA. The work was initially focused on bringing Bank Analyzer into the Thaler suite, followed by SAP’s general ledger components, as well as making Thaler compatible with Netweaver. A first taker for ‘Thaler on SAP’ was Belgium-based Banca


Monte Paschi Belgio but this fell by the wayside when it was put up for sale by its parent, Monte dei Paschi di Siena. Next to sign, in mid-2008, was an existing Thaler user, the Belgium operation of Delta Lloyd Bank. Within an extension to its contract, the bank acquired Bank Analyzer and SAP FI (to be used as a general accounting tool), as well as SAP Business Intelligence as a data warehouse and reporting tool. Thaler on SAP was also the focus for a project at Banque de la Poste and


Takers of Deposits Management


After a relatively quiet 2003 with the new core system, while the focus was on the implementation at Postbank, sales efforts were ramped up in 2004, with SAP seeking to take a consultancy-led approach based on an overall architecture and bank-wide


re-engineering. Early gains came from


Ukrsibbank in Ukraine and Iceland-based Kaupthing Bank for its Nordic operations. Both deals were broad. The former was centred on Deposits Management and CML, the latter on BCA and CML. At Kaupthing Bank, by May 2005, BCA was live for Finland, Sweden and Iceland, with CML live in Finland and Sweden.


2005 also saw the start of a long-term project at Standard


Bank in South Africa, which signed for Deposits Management and CML for its domestic retail operations, involving the overhaul of its domestic core systems over a five year period.


Bank, Nordea, RBS and Standard Chartered went public on their intentions to support FSN. SAP announced the general availability of a new release to help banks digitize their core business and unify transactional and analytical processes on a single platform. Banking services 9.0 will enable banks to complete the shift to a real- time, fully digital business model and merge previously siloed functions. The 9.0 release of banking services uses the SAP HANA platform to help banks join data streams, conduct real-time analysis and create new products better tailored to customer needs.


at another postal-related recruit, signed in 2008, Entreprise des Postes et Télécommunications (EPT) in Luxembourg. Another success came in late 2009, at Malaysian lending specialist, Sabah Credit Corporation. The deal included Islamic finance with support from a newly-developed Islamic banking module for Thaler. C&W has since been acquired by French vendor, Sopra, but the Thaler business remains fairly much intact, within a new banking systems division. At around the same time as the initial tie-up with C&W,


SAP also partnered with Misys. This was similar to the C&W arrangement but centred on Misys’ emerging Bankfusion system, which would now be ported to run on SAP’s Netweaver. In addition, SAP started to market Misys’ Trade Innovation trade finance system. In fact, it seemed nothing came of this partnership. First Data and SAP joined forces in 2016 to create a new B2B payments system that aims to make transactions smoother. The resulting AribaPay solution, announced at Davos in Switzerland, looks to make the procure-to-pay process faster using a cloud-based model across a business network. Delivered through the Ariba Network, the solution will be available across Europe and Latin America. Users, it is hoped, will be able to exchange purchase orders, invoices and payments with lower processing costs and better remittance advice.


Accenture and IBM were partners in this project, both of which were already well entrenched at the bank. By mid-2012, this project was still ongoing.


HVB decided on a similar strategy but then came the announcement, shortly after SAP’s selection, that the bank was to merge with Unicredit. One further win that occurred in 2005 was at China Minsheng Banking Corporation (CMBC), which at that time had 20 branches and over 200 outlets. The bank signed with SAP and Accenture in an 18 month deal encapsulating deposits and loans, treasury management, and general ledger. Implementation at CMBC was still not finished as of 2010, although by then Accenture was no longer involved. A local firm, Giantstone, had picked up the reins from Accenture, although this was then acquired by China- based software developer, Longtop Financial Technologies, in early 2010. However, a year later, Longtop was the victim of an accounting scandal and its shares ceased trading. The number of signings for SAP banking applications


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