According to SAP, the products together will help banks improve their productivity, manage change and optimize their core processes. The company also claims that the alliance provides a tool suite for predicting optimized pricing scenarios for banks product portfolios as well as the flexibility to integrate and update application functionality.
The Hogan Systems offers banking applications that support deposits, loans, cards customer management and collections.
SAP said that the Price Optimization application focuses risk management, asset and liability management, CRM, sales management and profitability to measure the impact of these factors. It determines the price elasticity of a product after considering factors such as demand modeling, seasonality, customer behavior, current market rate and competitive analysis.
Earlier this week, CSC also adopted the Interactive Financial eXchange Forum’s IFX open standards for it its service-oriented architecture strategy in banking and payment software. The company said that it will use IFX standards to develop web service interfaces for the Hogan Core Banking System, CAMS II Card & Merchant System and CheckVision.
IFX open standards for banking and payment software. CSC use IFX standards to develop web service interfaces for the company’s Hogan Systems core banking software, CAMS II Card & Merchant System and CheckVision, CSC’s check-image delivery and archive software.
Source: ComputerWire daily updates
