SAP Fioneer named a Leader in IDC MarketScape: EMEA Digital Core Banking Platforms 2024
Walldorf, October 29, 2024 – SAP Fioneer, a leading global provider of financial services software solutions and platforms, has been named to the Leader’s Category of the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment (doc #EUR150463623, September 2024). The report evaluated 15 vendors based on quantitative and qualitative research, exploring features and characteristics defining the vendors’ capabilities in supporting banks to operate the fundamental processes related to daily banking transactions (e.g., interest calculation, posting updates to accounts, interfaces to the general ledger, various reporting applications).
“In the ever-evolving landscape of core banking solutions, embracing change is not a choice but a necessity. Banks of all kinds — across different market spaces in Europe, the Middle East, and Africa — face challenges ranging from mounting regulatory pressures to complex risk assessments to rising customer expectations. To navigate these hurdles and thrive in the digital age, modern, digital-native core banking solutions emerge as a beacon of hope. Banks can enhance their agility, offer more personalized products, and deliver seamless customer experiences by modernizing the core of what they do through digital-native core banking solutions”, comments George Briford, Research Director IDC Financial Insights.
“We are honored to be recognized as a Leader in the IDC MarketScape EMEA Digital Core Banking Platforms 2024. We believe this recognition consolidates our position in the market and underlines our ambition to become the world’s leading provider of financial services software solutions and platforms”, comments Dr. Christoph Rösch, Managing Director Banking, SAP Fioneer. “We remain focused on leveraging our proven technological base, as well as our entrepreneurial spirit to continuously drive innovation in our core banking platform. Our goal is to deliver scalable, flexible, and future-proof solutions that empower financial institutions to meet evolving customer demands and succeed in an increasingly digitalized landscape.”
– Ends –
About IDC MarketScape (idc.com)
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About SAP Fioneer (sapfioneer.com)
SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,300 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific.
By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.
Contact, press only: