Banks worldwide have been attempting to find the right solutions to address rapid growth and increasing compliance challenges. The changes in banking industry are driven by fluctuating customer needs and evolving regulatory environment globally, which urges the banks to leverage technology to make timely decisions through fast and accurate data.
With its acclaimed banking decision enablement and risk & compliance expertise, iCreate intends to roll out innovative solutions spanning across the spectrum of Banking Analytics, MIS, Data Management and Risk & Compliance. Through the agreement, the solutions will integrate with SAP's proven technology portfolio for banking and financial services to deliver a compelling value proposition to progressive banks. The portfolio mainly includes SAP® Sybase® IQ enterprise edition, SAP® BusinessObjects™ Business Intelligence platform and SAP Crystal Reports®.
"It is part of our mission to provide banks worldwide with a superior decision making capability and this collaboration sets a new benchmark for the banking fraternity," said Vivek Subramanyam, CEO, iCreate. "I am delighted that we can leverage SAP's industry leading technology platform and R&D prowess to co-innovate best-in-class banking solutions. As a result of both companies' leadership and focus in the banking domain, I am sure banks globally can now expect better information management and faster insights."
"Our innovative partnering models open up new opportunities for partners to leverage SAP's strengths with their own core competencies to create new, compelling, and innovative products," said Elbert Bailey, VP of Strategic Initiatives, Ecosystem and Channels, SAP Asia Pacific Japan, "Through their solutions embedding our proven technology platforms, we will work closely with iCreate to serve our joint banking customers – partnering to increase their customer-centricity, reduce cost and complexity, and better manage regulatory and risk compliance."