How banks can standardise their systems to noticeably improve processes

The white paper, entitled „KPMG and SAP: Accelerating banking transformation with data and AI”, explores why many banks are making limited progress on modernisation despite significant investment and the contribution that SAP and SAP Fioneer‑solutions can make to improving technical and organisational foundations. Our white paper shows where outdated structures prevent efficiency, what advantages uniform platforms offer and how we support banks in introducing these systems sensibly and realising the benefits step by step.

A central obstacle remains the handling of data. In many companies, information is stored in separate systems, which slows down analyses and makes coordination more difficult. Standardised, structured and easily accessible data is a prerequisite for more efficient processes and better decisions. The harmonisation and cleansing of data is not only a technical foundation, but also a key success factor for AI‑supported processes.

Old architectures not only cause high costs, but also slow down the use of modern technologies. Applications for automated analyses or artificial intelligence require reliable, consistent systems. Cloud-based ERP‑ and banking‑platforms create a stable basis for this and also fulfil high requirements for security and traceability. 

Separate structures between specialist departments and IT departments lead to delays and additional work. Standardised platforms enable coordinated processes, faster reports and less manual intervention.

Technical renewal only fully unfolds its benefits when it is combined with clear goals, comprehensible steps and good preparation of employees. Banks that follow this path consistently achieve visible improvements more quickly and make their modernisation more sustainable. As AI‑supported finance‑processes require constant further development, this is increasingly becoming a mindset and not a one-off project.