SAP Fioneer

Ever wondered what our Bangalore office looks like? The team will show you around! 🎥 If you're interested in joining our dynamic team, check out our job openings at https://lnkd.in/dnyePgCY

At the recent SAP NOW Korea event, Country Manager Snow Won showcased the transformative impact of SAP and SAP Fioneer technologies in the banking and insurance sectors. Using real-world examples, including a long-term core banking solution project, she emphasized the importance of partnering with clients to co-develop solutions for sustainable growth and success, while demonstrating how these technologies streamline processes, minimize risks, and drive business expansion. Exciting times lie ahead as we continue to innovate and lead in the financial sector!

We are pleased to announce that General Insurance Corporation of India (GIC Re), India’s largest reinsurer has chosen SAP Fioneer’s technology to implement state-of-the-art solutions for compliance to the International Financial Reporting Standard 17 (IFRS17). IFRS17 will be implemented as the local accounting standard equivalent called Indian Accounting Standard 117 (Ind-AS 117) and after successful implementation of SAP Fioneer’s FPSL solution, GIC Re will be the first Indian reinsurer to comply with the new IndAS 117 regulation. Read more: https://lnkd.in/e72Y7nm4

How is embedded insurance changing the insurance industry? Holger Rabe, our Managing Director for DACH region spoke with Sebastian Langrehr and Alexander Bernert on the Insurance Monday Podcast, where they discussed embedded insurance use cases, industries with the biggest potential for embedded insurance, technology-related challenges for insurers and much more. You can read a short summary of some of the questions that Holger answered below. Listen to the full episode here (in German): https://lnkd.in/egZ_dP6K  

Weekend photo roundup 📸 We organized our first table tennis tournament at the Bangalore office as part of the employee sports club initiative. A total of 14 teams participated, and the winners were Sunil Hubli and Ranjan Kumar 🥇 followed by the runners-up, Rishu Kumar and Tharun Chiramel.🥈 Congratulations!

We recently launched our new graduate program 'LIFT' (Level up in Fioneer technology). A lot of time and dedication has gone into putting this together by our Global Head of Talent Acquisition Shaleni Shabla, Christian Kohnle and many more. Our very first group of graduates participating in the European program of LIFT has started their journey this week! 🚀 We wish them a very warm welcome and look forward to seeing their development in the months to come. 🌟   We are always on the lookout for more talented individuals to join our next group. Apply today! https://lnkd.in/eVs-CkDG

Nearly 1.5 billion people worldwide are unbanked and lack access to traditional banking services such as savings or checking accounts with a bank or financial institution. This limitation restricts their ability to save money securely, access credit, or engage in the broader financial system, significantly impacting their financial stability and opportunities. Banking-as-a-service (BaaS) initiatives have the potential to change this. By democratizing access to banking services, promoting innovation and enhancing financial literacy, they can empower underserved populations and create pathways to economic resilience. Valmina Prezani, Head of Retail Banking at SAP Fioneer, shared her insights on this in a recent Finance Derivative article. You can read a summary of it below, and access the full article here: https://lnkd.in/eExYAWzg

What are the CSRD reporting deadlines for different types and sizes of financial institutions? Below we present a guide to identify the relevant one for your financial institution - listed by year of publication, covering the preceding financial year. Don’t miss them, because all institutions must prepare for first-time reporting since they need to identify relevant disclosure requirements through their materiality assessment and revise their reporting framework and processes as appropriate. Download our whitepaper to master the CSRD requirements: https://lnkd.in/eXBg-KxX

In today’s dynamic market, staying still is not an option. Banks need to embrace speed, efficiency, and adaptability in the face of evolving customer needs. Valmina Prezani, Vice President of Retail Banking at SAP Fioneer, talks about one of our most well-known banking solutions: Cloud for Banking. It's built for change, helping banks meet new demands with a compliant, stable, and secure platform. Combining rapid time-to-market with industry-best TCO, you can quickly test, build and scale new products with flexible banking processes designed to help you move fast, capture market share and delight customers. Find out more about Cloud for Banking: https://lnkd.in/ebHQwY_y

We are offering our popular CSRD webinar one more time! Together with an ESG expert from McKinsey, we will dive deep into the nuances of CSRD sustainability disclosures, the unique hurdles banks and insurers encounter and how to overcome them, leveraging a solid ESG data and tech-foundation. Register here: https://lnkd.in/e9tH9ENb