the likes of C&W. This then morphed into an independent body, the Banking Industry Architecture Network (BIAN), three years later. All definitions by BIAN were now published and freely available via its website,
www.bian.org. BIAN is financed by its members. The initial BIAN banking members comprised Credit
Suisse, Deutsche Bank, German service bureau FinanzIT (which was merging at the time with Sparkasse Informatik), ING, Postbank Systems AG (the IT subsidiary of Deutsche Postbank), Standard Bank of South Africa, and Zürcher Kantonalbank, with Swift the other notable financial member. The supplier members were SAP, Temenos and Microsoft, together with existing SAP partners, C&W and Sungard. And the service members were SAP partners Axon Global, Steria
HANA
Pertinent to SAP’s banking story is its cross-vertical, Sybase- derived high performance platform, HANA. Unveiled in 2011, it includes in-memory features and compression facilities. SAP and partners can build applications on top of this, with suggested areas of attention in financial services being liquidity management and fraud management. SAP is also seeking to encourage third parties to populate the platform, with potential for venture capital for this, and users might build their own applications. Of the 500 sales in the first year, apparently 20 to 30 were in banking. At SAP’s Sapphire user group meeting in Madrid in mid- November 2012, it launched SAP 360 Customer Experience, which combines CRM, cloud, HANA, analytics and elements of social media. While the CRM offering is also cross-vertical, banking is one target market. SAP is also taking existing banking applications and moving them to HANA, with Bank Analyzer on the roadmap. There had been questions about the ability of Bank Analyzer to scale, said UK financial services head, Laurence Leyden, but these would go away with this development. He foresaw a potential return to bringing together
finance and risk for consistent, consolidated
reporting, potentially with business applications feeding into Bank Analyzer and this then feeding the GL, rather than the business applications connected directly to the GL. Falk Rieker, global head of the International Banking Unit
(IBU) at SAP, also saw partners such as Accenture, Ernst & Young and Deloitte building out functionality on HANA for areas such as anti-money laundering (AML), fraud detection, credit and market risk. Banks cited by SAP as at different stages of adopting or assessing HANA for accelerated analytics and/ or reporting included Aareal Bank in Germany, Deutsche Bank, Commonwealth Bank of Australia (CBA), and Nordea, plus two of the Canadian clients, ATB Financial and Home Trust. In-
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Mummert, Ifb and Syskoplan. The first deliverables were published later than anticipated, in June 2009, and BIAN has experienced some difficulties particularly attracting active participation from the banking community. By 2012, BIAN housed 14 bank members and 17 vendors, with IBM a notable addition. IBM has its own data and process models for the financial sector, namely the Financial Services Data Model (FSDM) and Information Framework (IFW). These have evolved over many years and are mainly used by tier one banks but the IP from these, to date, had not been ‘donated’ to BIAN. Erste Bank, Bangkok Bank (the first Asian participant), TCS Financial Solutions and Switzerland-based SAP specialist, Axxiome, followed in late 2012.
memory computing isn’t new but the coming together of this with SAP’s business applications looks intriguing. SAP’s senior director of industry marketing (and ex-
Business Objects), Andy Hirst, saw four potential initial areas for HANA. These were for calculation-intensive activities, predictive tasks such as sales forecasts and planning offers for customers, ‘descriptive’ areas such as risk management, and ‘turbo-charging management information’. Moving forward, there would be the challenge of unstructured data. He felt banks were in ‘monitoring’ mode with this by the end of 2012, ahead of more proactive use for areas such as sales and marketing. The core banking system sales have continued, sometimes with the risk and collateral management pieces as well. A wide-ranging deal in the later part of 2013 at Macquarie Bank in Australia was for the full SAP for Banking suite, plus the collateral management competent. There was another Australasian success at around this time, at Kiwibank in New Zealand. The deals could be construed as a reflection on the successful cutover at CBA.
Commerzbank went live with a set of finance and risk
solutions powered by the SAP Hana platform. The German bank is working with SAP to digitally transform its operations for connected line-of-business transactions, simplified closing processes and regulatory compliance. In 2015, SAP launched the next generation of enterprise
software with a new business suite, SAP S/4HANA, that was fully built on the SAP HANA platform. This was soon followed by SAP S/4HANA, cloud edition, and SAP HANA Cloud Platform for the Internet of Things (IoT). Ever since its launch, S/4HANA has been the company’s flagship offering. As per company’s statement, in FY2017, S/4 adoption grew to more than 7,900 customers, up around 46% year over year. This included some prominent names in the banking industry such as Standard Chartered.
Risk Management Systems & Suppliers Report |
www.ibsintelligence.com
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