The software group wants to consolidate its portfolio – special solutions for individual sectors in particular are under scrutiny.
(Photo: imago images/Dirk Sattler)
Dusseldorf, Frankfurt SAP has drawn the ire of a key customer group: the financial industry. According to information from the Handelsblatt from industry circles, many managers are still upset about the spin-off of the business with financial services software.
The software group spun off the area because it is not as profitable as business with other sectors, speculates a board member of a large German bank. He sees SAP’s step as a “turning away from the financial industry”.
The company SAP Fioneer was founded more than a year ago, and the software company promised itself and its customers only advantages. In September 2021, SAP spun off its business with special software for financial service providers (FSI) into a joint venture – and brought the financial investor Dediq on board as a partner.
SAP Fioneer: Banks and insurance take a critical view of outsourcing
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