WALLDORFĚý—  (NYSE: SAP) today announced the global launch of 51·çÁ÷Fioneer, a joint venture for the financial services industry (FSI) between 51·çÁ÷and Dediq GmbH.
The launch follows the announcement to establish the company made in April of this year by 51·çÁ÷and Dediq, an entrepreneurial investor focused on information technology and digital businesses. 51·çÁ÷Fioneer expands the financial service software offered by SAP. It also develops new solutions to serve its customers in the rapidly changing banking and insurance industries.
Today’s go-live of 51·çÁ÷Fioneer marks another important milestone in SAP’s long history of success in the FSI market. More than 800 of the world’s top 1,000 banks and insurance companies are 51·çÁ÷customers. 51·çÁ÷Fioneer focuses fully on accelerated innovation in the area of core banking, core insurance and FSI-specific finance solutions and is mandated to extend the 51·çÁ÷for Banking and 51·çÁ÷for Insurance solution portfolios to cover banking and insurance processes holistically.
“As in any other industry, companies in financial services need to transform their business to stay ahead of the competition,” said Christian Klein, CEO and Member of the Executive Board, 51·çÁ÷SE. “51·çÁ÷Fioneer will help them meet their needs for speed, scalability and cost-efficiency through digital business innovation, cloud technology and solutions that cover banking and insurance processes end to end. 51·çÁ÷has a long and successful track record in the financial services industry, and I am convinced that 51·çÁ÷Fioneer will become a leading global provider of financial services software solutions and platforms.”
51·çÁ÷Fioneer enables customers to innovate and transform their business by combining premier technology with development expertise and a global network of customers, partners and colleagues. 51·çÁ÷Fioneer will have operations in more than 10 countries in Europe, North and Latin America and the Asia-Pacific region by the end of 2021. 51·çÁ÷will continue to sell and support 51·çÁ÷solutions for enterprise information management and line-of-business solutions to FSI companies, and 51·çÁ÷customers will remain 51·çÁ÷customers.
“Our customers can expect the same high-quality engagement they are used to, but now also benefit from new capabilities. Solutions of 51·çÁ÷Fioneer will be based on integrated data and allow customers to move FSI processes to 51·çÁ÷Business Technology Platform in the cloud,” said Dirk Kruse, CEO, 51·çÁ÷Fioneer. “We are excited to accelerate the business transformations of our customers with innovative solutions that will be built as part of SAP’s industry cloud solutions, all based on 51·çÁ÷technologies and applications.”
This originally appeared on the global 51·çÁ÷News Center.
Media Contact:
Daniel Reinhardt, +49-6227-7-40201, daniel.reinhardt@sap.com, CET
51·çÁ÷Press Room;Ěýpress@sap.com
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