David Bomser Head of U.S. Core Banking & Mortgage at SAP Fioneer
More than fifty years ago, SAP pioneered the concept of Enterprise Resource Planning (ERP) for manufacturing. The concept was simple: a single platform with a single data model to support shared services (i.e., HR, Finance, Procurement) and core business functionality (i.e., Planning, Operations, Inventory, etc.). The concept took off, especially...
08 September 2023 /cloud /predictions Banking and Lending Solutions
The mainstream acceptance of the cloud as a practical deployment option presents new opportunities for financial services institutions, especially for community banks. A decade ago the cloud was reserved for edge applications like CRM and HR, but today deposits and lending solutions can be offered effectively, efficiently, and securely in the clou...
23 June 2022 /retail /cloud Cloud Banking out of the Box
Automating enterprise stress testing, like other complex IT undertakings, doesn’t lend itself very well to a “big bang” approach. The implementation of any IT solution to address a comprehensive regulatory mandate such as CCAR, DFAST or EBA Stress Testing all at once can be inherently risky, time consuming and very expensive. With regulators lase...
06 February 2015 /regulation
Welcome to the 5th Annual CCAR Cycle For bank holding companies (BHCs) with more than $50 billion in assets, it’s time to get moving if you haven’t already. The Federal Reserve just released its scenarios and shocks for the 2015 Comprehensive Capital Analysis & Review (CCAR) exercise, and these banks’ capital plans are due on or before Janua...
24 October 2014 /regulation
Making Customer Insight Analytics Actionable Like most large commercial banks, I’m sure that my bank views my checking account for exactly what it is on its balance sheet, a liability. To be fair, I treat it as my personal controlled disbursement account. Money is directly deposited semi-monthly, and evaporates just as fast to cover my mortgage, b...
16 September 2014 /retail Innovation in Financial Services
At a recent risk conference, a prominent regulator stated that only a third of the Global Systemically Important Financial Institutions (or SIFI’s as they are known) were well on their way to complying with the new regulation on risk data aggregation and reporting. Furthermore, he indicated that another third of these banks thought that they were...
15 August 2014 /regulation
There was a skit on Saturday Night Live many years ago about a game show based on directions for getting around New England, and one of the punch lines was, "can't get there from here". Today, many large banks are finding this to be true when it comes to restoring their returns on equity (ROE) to pre-Global Financial Crisis (GFC) levels....
19 February 2014 /retail Innovation in Financial Services
Commercial Banks are at an important crossroads where tech savvy customers, outdated IT infrastructure, and strong regulatory headwinds are all coming together. Today’s personal and business customers demand and expect their banks to rapidly adopt and integrate the latest technologies to enable anytime access to their accounts and provide the sam...
04 January 2013 /retail
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