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SAP makes play for risk territory

German software giant SAP is making a firm move into the risk management industry with the further development of its range of industry solutions. The Waldorf-based firm has already developed credit and market risk components for the financial services sector, and is currently working on operational risk tools to aid compliance with the regulatory requirements of the new Basel Accord.

    • Sophie Brown
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"We are well known for our back-office and enterprise resource planning (ERP) solutions, but there’s a big push to look at our banking products now," said Laurence Leyden, principal banking consultant, SAP.

SAP produces various financial services solutions, including banking and insurance applications. MySAP Banking has a core banking solution with current and savings account, mortgage and consumer loans functionality. It also offers risk and profitability solutions and a financial-service

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