SAP Fioneer

Artificial intelligence offers great opportunities for the banking sector. According to research from McKinsey, the productivity gains from using generative AI could bring the industry additional annual revenues of $200 to $340 billion. And most companies already recognize this opportunity, and are considering using AI to detect fraud, assess credit risks, respond to customer inquiries, automate processes, implement regulations, and trade securities automatically. But which use cases do we see already in place? Together with Payment & Banking - PBA Experts GmbH we created an overview of AI projects by the largest banks and fintechs operating in Germany. Find our more about how we are using AI in terms of automation – one of the four strategic pillars of our AI strategy: https://lnkd.in/gJ3jJjjZ (🇩🇪)

The US Federal Reserve’s recent interest rate cuts made waves in the financial world. What does this mean for treasurers and liquidity managers? While it might ease short-term costs, liquidity management must not rely on the interest rate alone. In our latest blog by Joel Feazell, the Head of our Liquidity Management Platform, explains why intelligent, data-driven liquidity strategies are essential for success, regardless of the rate environment. Read his article on our blog: https://lnkd.in/dXihQUTz

In the last few years, banks have significantly increased their commitments to net zero. However, making commitments and creating transparency won’t be enough in the future. Banks need to proactively finance companies contributing to climate mitigation, while ensuring that their customers in high-emitting industries are also making significant steps to reduce their emissions. Read our blog to find out more: https://lnkd.in/eru--jnZ

Last week we were at the KPMG 36th Annual Insurance Industry Conference in Florida. Thank you to everyone who came to our panel discussion “Addressing Challenges in Insurance Finance Operations”, led by Mike Helstrom from KPMG. In our session, Mainak Patel and Ino Vorwerk discussed how our customers approach pressing regulatory and operational challenges in finance using modern technology platforms, and the broadening focus on ESG across a wider range of stakeholders. Through our discussions, it was clear that Chief Sustainability Officers need to align even more closely with finance teams, when it comes to measuring the financial impact of investment decisions that indirectly impact ESG.

Weekend photo roundup 📸 Recently our Transactional Banking and Product Development teams got together in the beautiful city of Heidelberg for an exciting scavenger hunt, followed by a delicious team dinner.

Join us for our upcoming live panel discussion, where experts from the U.S. mortgage industry will deep dive into the challenges that mortgage servicers face, and how modern technology is helping to address these issues. Learn from a former Servicing CEO Karen Bellezza, how modern technology will transform the industry. Featured speakers: Ramesh Lakshminarayanan, Managing Partner, Riskmate LLC Meg Burns, Executive Vice President, Housing Policy Council Karen Bellezza, Executive, Ranieri Solutions Michael Vough, VP, Hedging & Trading Product, Optimal Blue David Officer, Vice President Americas Core Banking, SAP Fioneer Join the conversation: https://lnkd.in/eXCXvUQf

Join us on October 10 for our upcoming webinar where experts Walt Granville, Head of Growth Strategy at Everyware® and Andreas Hofer, Chief Enterprise Architect at SAP Fioneer will discuss how you can leverage request to pay and embedded finance as a service to:    🚀 Speed up payment collection 💡 Simplify invoicing processes 💵 Drive cost savings across your operations   Get paid faster and increase customer satisfaction! Register now to secure your spot: https://lnkd.in/dpD6_krZ

The ESG space is complex, rapidly evolving and speaks its own language with a myriad of terms and acronyms. In our series, the ABCs of ESG, we break down key terms, organizations and frameworks that are commonly used or referenced in corporate sustainability. Download our ESG glossary to see the complete collection: https://lnkd.in/efceFVrP

Understanding the value of a servicing portfolio is the first step toward gaining an edge in pricing and predicting cash flows. However, valuing servicing isn’t always a straightforward process.    Panelist Michael Vough, VP of hedging and trading products at Optimal Blue will share his insights on MSR valuation, and the complexities associated with this opaque, Level 3 accounting asset. Make sure to sign up and be part of the conversation! https://lnkd.in/eXCXvUQf

Last week we were in Frankfurt for the Banking Exchange 2024 - thank you to the Payment & Banking - PBA Experts GmbH community for a fantastic event, and to everyone who said hi to our team! We were amazed by the energy in the room and the open debate about the future of financial services. It was great to meet so many banks and fintechs with an interest in our keynote about behavioral banking. If you want to find out more - get in touch.