SAP HANA for Finance

As an IT consultant to the finance industry, Reply Deutschland, one of SAP’s Special Expertise Partners for banking, knows all about the increasing reporting and risk management requirements in the finance sector. Reply consultants Thomas Zachrau and Christian Hadders share their insights and predictions.

SAP.info: Banks are not exactly pioneers when it comes to adopting the latest technology. Are banks showing any interest in SAP HANA or in-memory technology in this relatively early stage?

Thomas Zachrau: Of course! Banks handle millions of customer and transaction records. Anyone who can process them in fractions of a second has a clear competitive advantage. And this is precisely where SAP’s in-memory technology comes in. SAP HANA not only speeds up today’s reporting and risk management use-cases, but it also makes new processes a reality that till now seemed impossible. That saves money and makes more business possible. We are talking to a lot of IT managers, identifying reliable business-cases and carrying out the proof of concept.

SAP.info: Which scenarios are these?

Christian Hadders: Basically where big data analyses need to be accelerated. Take calculations for liquidity risk and the sale of loan portfolios, or for banks’ capital and liquidity, as required by Basel III. Banks have to trawl through millions of data records to get the metrics they need. And that is without thinking about getting a 360 degree view of customer processes or time-dependency of master data. Until now, system performance has kept banks back from doing this. One important aspect is how SAP HANA can be connected to their current business intelligence or business warehouse infrastructure.

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