back Back

SAP Fioneer launches tailored SME banking offering

By Gloria Methri

June 22, 2023

  • FinTech
  • Germany
  • Neobank Services
Share

SAP Fioneer, SME banking, FinTech, Germany, Core BankingSAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of small and medium-sized enterprises (SMEs).

Fioneer SME Banking Edition connects banks to external data sources such as Open Banking, central company registry, e-commerce, and Enterprise Resource Planning (ERP) data, to form actionable insights that help SMEs to stay ahead. This will give SMEs transparency about cash flow and provide insight to the banks and enable e.g. smart funding options.

Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly integrates with any core banking system. It enables banks to offer services that go beyond traditional banking products such as loans and deposits. Banks will be able to broaden their offering with embedded services and stronger financial advice directly for SMEs. The solution can also be easily integrated and connected to ecosystems via pre-configured APIs.

Charlie Platt, Managing Director of Banking at SAP Fioneer, said on the launch, “SMEs represent the lifeblood of the economy, and it is critical that they are able to access the financial services they deserve. Through our SME Banking Edition, banks will be able to create commercially viable, unique, and better banking experiences for SMEs that will help them to stay ahead in a challenging economic environment.”

Dirk Kruse, CEO of SAP Fioneer added, “The introduction of our Fioneer SME Banking Edition significantly strengthens how banks interact with SMEs. Utilizing our proven technology, we are facilitating banks to better serve SMEs in a dynamic economic landscape. Drawing inspiration from the B2C market, we are empowering banks to elevate their service offerings for SMEs.”

Previous Article

June 22, 2023

Divido’s Finance Matcher tool to offer easy loan repayment plans

Read More
Next Article

June 22, 2023

Sophia partners with HSBC to financially empower women in UAE

Read More






IBSi Daily News Analysis

June 21, 2024

FinTech

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 21, 2024

The Weekly Wrap: all you need to know by Friday COB | June 21st

Read More

June 21, 2024

Ageras to acquire French FinTech Shine from Societe Generale

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023