to be delivered. SAP was claiming complete accounting from the front office level, including IAS 32 and IAS 39 processing, plus parallel support for multiple GAAPs, comprising local GAAP accounting for Japan, Belgium and Germany. SAP was also claiming complete Basel II risk calculations from the one base data set, plus limit management and reporting on Basel II and other calculated exposure data. Two major releases were planned, the first covering profitability management, asset and liability management, and credit portfolio management. The second was focused on enhancements in the latter area, plus risk-adjusted pricing and pre-calculations. SAP customers included the likes of ABSA, Bank of Ireland (building its risk and compliance architecture with SAP and Accenture), Nordea (for Basel II), Standard Bank, Deutsche Postbank, BNL, Interbanca, National Bank of Greece, Cho Hung Bank and Shinan Bank in Korea, plus a couple of unnamed banks in Japan. The projects apparently spanned short-term compliance through to strategic re-platform initiatives. However, even where a bank is a customer of one of the heavyweights, it might turn to other suppliers for the sub- ledger. An example was Iceland-based Glitnir. Its enterprise transformation


project, One-Glitnir (One-G), had been


taking shape during the second half of 2007 and into 2008 ahead of the crisis which so dramatically hit Iceland. Among the applications to underpin this, the bank selected SAP for financial accounting but Microgen’s Accounting Hub as a single sub-ledger engine to be accessed via the internet. The bank turned to Teradata for an enterprise data warehouse. For master data management it opted for Siperian, as mentioned above. There was to have been a strong outsource aspect to the project, with much of the new infrastructure to be hosted by IBM in Denmark. Talking independently to Oracle and SAP showed how closely they were moving in the same direction; as mentioned, other suppliers, starting from a pure financial services slant,


188 Risk Management Systems & Suppliers Report | www.ibsintelligence.com


can claim a similar type of approach. Where banks have gone their own in-house route, there is also often a similar tack. This could be seen at Bank of New York Mellon, albeit using parts of the Peoplesoft warehouse. ‘The thick GL as the source of all knowledge in a bank has well and truly met its match,’ said SAP’s James Devern, in conclusion.


Standard Bank


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192