The biggest problem in financial services is not AI readiness, it’s structural complexity.
That was the takeaway from a recent conversation between SAP CFO Dominik Asam and SAP Fioneer CEO Matthias Tomann. Their conversation touched on topics like the future of financial services, the role of AI, and the growing importance of integrated enterprise platforms.
For decades, banks and insurers have built operating models around regulatory fragmentation, country-specific requirements, layered systems, and continuous workaround solutions. As a result, the industry is running on patchwork architecture that is expensive to maintain, slow to change, and fundamentally misaligned with how AI works.
Partnership built for financial services innovation
Since joining forces in 2021, SAP and SAP Fioneer have significantly expanded their joint capabilities for the financial services sector. As Tomann highlighted in the conversation, the partnership has already delivered substantial momentum for SAP Fioneer:
