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4-Traders Homepage  >  Equities  >  Xetra  >  SAP    SAP   DE0007164600

SAP (SAP)
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SAP : Lloyds Banking Group Selects Cash Management and Payments Platform from SAP to Provide Market-Leading Delivery to Clients

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10/16/2017 | 08:15pm CEST
  • In-memory technology of SAP HANA delivers real-time view of cash positions

  • 'API-first platform' offers unique opportunities to embrace the benefits of open banking

  • New features provide seamless connectivity across the core digital platform

By bringing new digitalized functionalities to its commercial portfolio, Lloyds will offer clients seamless self-service with increased performance efficiency and operational productivity. SAP technology will furnish Lloyds with a real-time banking platform to meet the complex business requirements of large commercial banks, non-bank financial institutions and corporate while also providing cost savings and enriched customer experience to clients. The announcement was made at Sibos 2017, being held October 16-19 in Toronto, Canada.

With a commitment to delivering the future of innovation in banking, Lloyds is making this investment to support its existing and prospective clients in embracing the opportunities emerging through open banking. Through its digital core, which provides advanced real-time data analytics as well as open architecture, SAP technology enables Lloyds to redefine experiences for corporate and institutional clients. Now, complex transactions can be completed faster, liquidity can be managed more efficiently and productivity can be increased through additional insight into operations.

'The need for corporate banks to provide their clients with a seamless user experience as well as a high level of self-service becomes more and more imminent,' said Rob Hetherington, global head of Financial Services Industries at SAP. 'Banks must provide not only first-class product functionality but also ease of consumption through open application programming interfaces (APIs) as well as being flexible to meet customer expectations. By supplying real-time cash management, payments and analytics capabilities coupled with an API-based architecture, SAP is committed to helping corporate banks, like Lloyds, harness innovation to deliver unparalleled experiences.'

Selecting SAP technology follows Lloyds's decision to improve its trade finance, invoice finance and client monies platforms. By expanding its comprehensive payment and channel capabilities, Lloyds not only addresses client needs for quick, secure and reliable payments but also acquires the agility needed to adapt to future changes.

From the core banking offering from SAP, Lloyds will use the SAP Deposits Management and SAP Payment Engine applications and the SAP Omnichannel Banking solution, all powered by SAP HANA. This will enable Lloyds to offer clients a wide range of digital self-service tools for cash management and payments. The in-memory technology of SAP HANA allows both corporate and institutional clients to access these features with advanced real-time analytics capabilities. Through the modular and flexible SAP platform, Lloyds expects to gain a competitive advantage with greater business agility and lower total cost of ownership.

To learn more, including additional news from Sibos 2017, visit SAP at Stand D44 and use the hashtag #sibos.

For more information, visit SAP for Banking solutions page on sap.com and the SAP News Center. Follow SAP on Twitter at @sapnews and @SAPforBanking.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 355,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Birgit Dolny, SAP, +49 (6227) 7-61664, [email protected], CET
SAP News Center press room; [email protected]Randi Casciano, PAN Communications, +1 (617) 502-4328, [email protected], ET

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2017 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

SAP SE published this content on 16 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 October 2017 18:14:06 UTC.

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Financials (€)
Sales 2017 23 714 M
EBIT 2017 6 599 M
Net income 2017 4 029 M
Debt 2017 2 025 M
Yield 2017 1,38%
P/E ratio 2017 28,24
P/E ratio 2018 24,42
EV / Sales 2017 4,99x
EV / Sales 2018 4,60x
Capitalization 116 B
Chart SAP
Duration : Period :
SAP Technical Analysis Chart | SAP | DE0007164600 | 4-Traders
Technical analysis trends SAP
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 98,0 €
Spread / Average Target 3,6%
EPS Revisions
Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Thomas Saueressig Chief Information Officer
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