SAP announced the global launch of Sap Fioneer’s operations, the joint venture for the financial services sector (FSI) between Sap and Dediq GmbH (specialized in digital business) set up last April.

As Sap’s CEO Christian Klein said, • Fioneer will help meet the needs of fast, scalable and cost-efficient FSI companies through digital business innovation, cloud technology and solutions that cover banking

SAP Fioneer expands Sap’s financial services software solutions and develops new solutions to support customers in the banking and insurance sectors.

Sap Fioneer will focus on accelerating innovation in core banking, core insurance and FSI-specific financial solutions and to extend the portfolio of Sap for Banking and Sap for Insurance solutions to cover banking and insurance processes

Fioneer will operate in more than 10 countries in Europe, Latin America and North America and in the Asia-Pacific region by the end of 2021.

Sap will continue to sell and support Sap solutions for business information management and line-of-business solutions to financial companies and SAP customers will remain Sap customers.

As Sap Fioneer, Dirk Kruse, ics stated, ics will be based on integrated data and will allow customers to move FSI processes to Sap Business Technology Platform in the cloud.

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