Latest SAP News: Finextra Research

CBA selects SAP for core banking overhaul

Commonwealth Bank of Australia (CBA) is moving its core banking operations to the SAP for Banking platform under a four year, A$580 million programme to overhaul its legacy systems.

28 April 2008

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Nationwide switches to SAP for Banking

The UK's Nationwide Building Society is migrating its banking, savings and mortgage operations to the SAP for Banking platform as part of a £300 million business transformation programme.

17 March 2008

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SAP shakes up management at TomorrowNow unit

German software firm SAP says senior managers at its TomorrowNow subsidiary, which is embroiled in a corporate spying scandal involving arch rival Oracle, have resigned and it is now considering selling the Texas-based unit.

20 November 2007

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Eurozone banks say payments business on the brink of upheaval

Over 60% of payments professionals expect their business to have changed out of all recognition by 2010, according to a comprehensive survey of almost 100 Eurozone banks conducted by Finextra Research on behalf of enterprise resource planning outfit SAP.

02 October 2007

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SAP admits to "inappropriate" Oracle downloads; denies espionage

German software firm SAP has admitted that its subsidiary TomorrowNow carried out "inappropriate downloads" of protected documents belonging to archrival Oracle but denies that it accessed the material itself.

03 July 2007

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TietoEnator's German banking and insurance group divests SAP teams

Nordic technology firm TietoEnator has transferred its SAP business in the German banking and insurance group to specialist firm Resco. It has also agreed to a management buy-out from its SAP Human Capital Management consulting team.

25 April 2007

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Oracle accuses SAP of Web espionage

Oracle has filed a lawsuit against ERP rival SAP that accuses the German software firm of hacking into its customer support systems and stealing its protected software.

23 March 2007

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SAP redesigns ERP package for integration with SwiftNet and Sepa compliance

Business software vendor SAP is to upgrade its mySAP ERP package to help businesses and banks worldwide achieve compliance with the upcoming Single Euro Payments Area (Sepa) and provide direct interfaces to the SwiftNet financial messaging network.

09 October 2006

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Banco Sabadell signs with SAP and IBM for e-procurement platform

Spanish banking group Banco Sabadell has signed a contract with IBM and SAP for the development and implementation of an electronic system to automate and streamline its procurement processes.

19 June 2006

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IT vendors push for more Sepa consultation

Responding to gripes from technology firms about limited consultation in the development of the rulebooks and schemas for new pan-European payment types, the Euro Banking Association (EBA) is reviewing how it works with the IT community to progress the vision of the Single Euro Payments Area (Sepa).

06 June 2006

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Leading banks collaborate with SAP on Web Services definitions

ABN Amro, Barclays, BBVA, Credit Suisse, Deutsche Postbank, ING and Standard Bank are collaborating with SAP in an effort to define bank-specific business processes for delivering an enterprise-wide service oriented architecture.

07 December 2005

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Service quality blights bank relationships

Whether it's cynicism from service quality breakdowns or the desire to "play the field" with banking options, nearly seven in 10 banking customers say that having a relationship with their banking institution is low on their priority list, according to a study presented at the BAI Retail Delivery Conference in Florida.

18 November 2005

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