Kingslake and SAP offer innovative end-to-end solutions for banking and financial sector

The world is changing faster than ever, and as new technologies emerge, customer needs grow along with it. In order to take advantage of this ever-evolving business landscape, it is not enough for organisations to just be ready for change. They also need to be able to foresee change in order to adapt and remain ahead of competition.

Kingslake together with SAP India held ‘Can You Foresee Change?’ – an empowered business lunch for the local banking sector at the Hilton Colombo Residences. The audience was presented with the latest cutting-edge technologies to help them attract, retain and grow their customer base, obtain reports on business results and analyse these results in order to make meaningful business decisions that achieve tangible returns.
Speakers at the event included Murali Mahalingam, Industry Director – Banking, SAP India, Pratul Chandra, Director Business Development – Analytics, SAP India, and Hatim Matiwala, Director Business Development – Big Data, SAP India.
SAP’s comprehensive portfolio of core banking solutions offer a fundamental toolset that would prove invaluable to local banks and financial organisations, as they can now benefit from the most appropriate solutions for their business, tailored to their specific needs.
According to M. Krishnamoorthy, Vice President BFSI Solutions at Kingslake, it is becoming essential for banks to have a world renowned and proven core banking system implemented in order to maintain competitive advantage in a fiercely competitive and dynamic industry, and SAP now provides such a solution in Sri Lanka. It is timely for Sri Lankan companies to embrace the slew of benefits offered by the SAP Core Banking solution, in order to be in par with the rest of the world.
SAP can provide the solution to any challenge that is faced by the BFSI sector, with real-time data analysis, in-depth reporting, complex trend analysis and other technologies. The solutions presented at the seminar included SAP Business Intelligence, Business Analytics, Big Data and Predictive Analysis among others. By leveraging the power of these tools, BFSI companies can achieve significant growth through ‘Infinite Intelligence’.
Based on the fact that SAP has over 12,000 bank customers globally, 81% of the banks in the Forbes 2000 are innovating with SAP solutions, and 100 million bank accounts are running on SAP software worldwide, it is clear that SAP is spearheading transformational change in the banking and financial sector.
Equipped with an extensive knowledge of the local BFSI sector and a strong team of highly skilled and experienced technical consultants, Kingslake can assist local banks in choosing the best solutions for their requirements.
Kingslake and SAP are working together to deliver outstanding solutions for Sri Lankan banks that will be the key differentiator in ensuring that they stay streets ahead of competition.