Exploring the Cutting Edge in Machine Learning for Banking and Insurance
In financial services, the near future will see a shift in power toward the customer. That was the general consensus among SAP and the bankers and insurers participating in the first SAP Next-Gen Boot...
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Blockchain Boot Camp: Who Benefits From the New Technology?
Sharing ideas was a core focus at the SAP Next-Gen Blockchain Boot Camp in Zurich. Participants took part in workshops to design and discuss application scenarios for different industries. The bottom...
View ArticleThe Role Of AI In Financial Trading – It’s Not What You Think
The financial industry has been all over artificial intelligence (AI) supporting front-end trading processes, leaving much of the rest of the business in the last century. That won’t be true for much...
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SAP’s Torsten Zube Reveals the Truth Between Extremist Views on Blockchain
Torsten Zube, blockchain lead at the SAP Innovation Center Network, sat down to talk about which blockchain use cases will burst forth from the hype to deliver real business value, why people must...
View ArticleWe Are Underestimating Blockchain’s Value, Despite the Hype
Just when I thought blockchain hype was hitting the over-saturation mark, I had a conversation with Joe Fox, senior vice president of Business Development and Strategy at SAP Ariba. My take now is that...
View ArticleLatest Research: Insurance to Double Spending on Blockchain
Recently surveyed senior executives in the banking and insurance industries plan to more than double their investments in blockchain technology by 2019. The SAP Digital Transformation Executive Study,...
View ArticleChanging Blockchain Talk to Action: Two Steps the Financial Industry Can Take
Blockchain is anything but business as usual for the financial industry. Decision-makers at traditional banks and other financial service providers, along with every organization in their orbit, are...
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Whatever the Question, AI Is the Answer Because Nobody Likes Calling Customer...
“Give us your superstar customer service representative, and we’ll provide an AI application that replicates their behavior, reducing problem resolution time from 10 minutes to one.” Narayana develops...
View ArticleBlockchain and the Future of the Insurance Industry
Blockchain, or shared ledger technology, is gaining the full attention of the financial services industry. Its promise and the potential of a “second Internet,” one with complete accountability and...
View ArticleFintech Startup Helps Banks Get Numbers They Can Trust
It’s the question that can makes the most seasoned bank CFO squirm in their seat: We’re publishing our quarterly income statement the day after tomorrow and need you to explain why our numbers have...
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Banks Explore New World of Customer Convenience With Virtual and Augmented...
Virtual and augmented reality are poised to disrupt modern banking, offering customers an immersive experience in ultra-personalized convenience. I put on a head-mounted device (HMD) at the recent SAP...
View ArticleReimagining Business Models in Life Sciences
Highly regulated and strictly adherent to predictable, validated outcomes, the life sciences industry is now facing a unique disruption of its own – brought on by an explosion of data, increasing...
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Using Blockchain to Build Your Dream House
Distributed ledger technology, otherwise known as blockchain, can significantly simplify bank guarantees and guarantees of insurers, reducing paperwork while providing time-saving transparency for...
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IBM and SAP Combine Efforts to Accelerate SAP S/4HANA Implementations
Pre-configured SAP and IBM industry accelerators for SAP S/4HANA pave the way to digital transformation. IBM and SAP have been working together to drive the modernization of clients’ systems and...
View ArticleClick Here to Add Blockchain to Your Order
Ordering a gift online takes seconds, setting in motion a highly complex dance among manufacturer, shipping company, banks, and regulatory authorities to deliver that item to the consumer’s front door....
View ArticleSAPPHIRE NOW: Insurance Sector Wrap Up
With world-renowned industry leaders, incredible music from Justin Timberlake, and all of the show floor events, anyone who attended SAPPHIRE NOW this year took home great memories and incredible...
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Blockchain Makes Used Car Salesmen the Most Trusted People on the Planet
Former rental cars are at the top of every buyer’s wish list. Car accident histories can’t be faked. No, it’s not an alternate universe. It’s our infinitely safer, trustful future with blockchain, IoT,...
View ArticleSAP and Swiss Re Financial Reporting and Business Steering Co-Innovation...
WALLDORF — SAP SE (NYSE: SAP) today said it has completed the first phase of the co-innovation project with reinsurer Swiss Re that supports multi-GAAP accounting processes for financial instruments...
View ArticleEmbrace the Insurance Industry Transformation with SAP S/4HANA
The rapid pace of change in the insurance industry is providing organizations with more information and better insights to meet consumer demands. Insurers need to embrace data and technology to adapt...
View ArticleRethinking Risk and Loss: How Digital Technologies are Disrupting the...
The traditional relationship between insurance companies and customers pivots on loss. Customers and insurers interact around major loss events: accidents, property destruction, illness, death. But...
View ArticleSAP Named a Leader in Gartner Magic Quadrant for Non-Life Insurance...
WALLDORF — SAP SE (NYSE: SAP) today announced it has been positioned by Gartner Inc. as a Leader in the Magic Quadrant for Non-Life Insurance Platforms, Europe.* “Insurance companies need to embrace...
View ArticleHow Digital Innovation Is Changing Insurance Procurement with Risk Mitigation...
The insurance industry with its complex regulatory framework has traditionally lagged other industries when it comes to transforming procurement through technology. But in today’s networked economy we...
View ArticleSAP Partner Cuts App Development Time by 50 Percent using SAP S/4HANA Cloud SDK
One year after covering the launch of the SAP S/4HANA Cloud SDK at SAP TechEd, one of my first requests was for an update: Are partners using it and what else has happened since? The answer was simple....
View ArticleHow Subledger Accounting for Insurers Paves the Way for True Financial...
In the insurance industry, digital disruption is creating new opportunities for risk mitigation, product innovation, and business models. New technologies are enabling insurers to help their customers...
View ArticleERGO Mobility Solutions Innovates the Automotive Insurance Business with SAP...
WALLDORF — SAP SE (NYSE: SAP) today announced that ERGO Mobility Solutions has selected the SAP S/4HANA Insurance solution to power a digital IT platform for the automotive insurance business. Using...
View ArticleSAP and Swiss Re Reach Next Milestone in Co-Innovation Initiative for...
WALLDORF — SAP SE (NYSE: SAP) today announced the expansion of its joint co-innovation project with insurance giant Swiss Re, which now provides software that goes beyond accounting to include...
View ArticleIAG and SAP Launch a Diversity Initiative for Purpose-Driven Spending
SYDNEY — SAP SE (NYSE: SAP) and Australia’s largest general insurer, IAG, today announced a business-to-business diversity channel of social enterprises and Indigenous and women-owned businesses. The...
View ArticleThe Intelligent Enterprise for the Insurance Industry
The insurance industry is undergoing a seismic shift, moving from simply managing risk to actively predicting and preventing risk. Disruptions from new insurance and insurtech players are shaking up...
View Article360-Degrees of Experience Management in the Insurance Industry
Leading-edge consumer brands have transformed reactive, legacy service into proactive care-focused experiences, establishing a new consumer expectation benchmark. Now, this transformation is rewriting...
View ArticleSmarter Decisions, More Cost Savings: Total Spend Management in the Financial...
A strategic, intelligent approach to spend management is critical to optimizing spend while increasing business agility in our dynamic, digital global economy. Decisions that were once made over the...
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