Berlin Hyp takes pride of its 150 years of experience in commercial real estate finance and close ties to the Savings Banks Finance Group making the company one of the leading German real estate and Pfandbrief banks.
Berlin Hyp, a long-time customer of BearingPoint RegTech, one of the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), has partnered with BearingPoint RegTech, okadis Consulting GmbH and SAP to develop a solution for the integration of the SAP Financial Services Data Management (FSDM) data model on Abacus360 Banking for regulatory reporting. The joint project makes Berlin Hyp a pilot customer for the solution to be used by other banks.
“The development of a uniform Risk&Finance platform with Abacus360 on SAP HANA is a central building block in Berlin Hyp’s digitization strategy. By developing a future industry solution with highly standardized interfaces, we expect a significant reduction in effort, a reduction in redundancies, better performance and, above all, greater efficiency of the entire reporting process,” said Roman Berninger, Chief Financial Officer, Board Member of Berlin Hyp.
Bridging the Gap
BearingPoint RegTech is a market-leading provider of reporting software Abacus in Germany, which is utilised by banks to report data to national and European supervisory authorities. Abacus system receives data from different source systems including SAP Systems that are used by many banks. However, there has been no standard interface for data delivery from FSDM forcing the institutions to develop costly individual interfaces.
With no standard interface for institutions to optimize, the four companies have partnered to jointly develop an interface for data delivery for regulatory reporting that can also be used by other banks.
Working in tandem, okadis Consulting GmbH, a long-standing cooperation partner of BearingPoint RegTech, develops the interface between the SAP ERP system of Berlin Hyp and FSDM.
Meanwhile, BearingPoint together with SAP develops the interface between FSDM on SAP HANA, SAP’s business data platform for the intelligent enterprise, and Abacus360 Banking. SAP and BearingPoint are working closely within the framework of contractually agreed software development cooperation for the development of the respective products SAP FSDM and Abacus360 Integration for FSDM.
Dirk Kruse, Head of Financial Services Germany, Member of the Executive Board / Member of the Management Board SAP Germany, explained that the Intelligent Enterprise aims to process large amounts of data and gain insights in real-time. He further added:
“ Our software SAP Financial Services Data Management FSDM offers Berlin Hyp this capability and automates the reporting and reporting processes. Analysis functions such as accounting, reporting, risk controlling and customer analyses work with SAP FSDM on a harmonized data basis. This enables the digitalization of the entire value chain and reduces coordination and interface costs in financial services companies. A central data management using SAP FSDM covers current needs and is the prerequisite for a flexible fulfillment of future requirements.”
Björn Jonas, Managing Director at okadis and member of the HANA Strategy Board at Berlin Hyp has shared that the strategic partnership is focused on freedom of logic and a central data budget. He expressed:
“Through professional and technical competence, we can contribute to the introduction of a SPOT architecture in HANA with SAP FSDM, which not only meets the requirements of regulatory reporting but also the requirements of the entire bank. We are proud to have been able to support Berlin Hyp in this project from the very beginning in all SAP HANA development and concept areas.”
“We see ourselves as a provider of innovative solutions along the regulatory value chain with the aim of making regulatory reporting more efficient. This is demonstrated by our joint project with Berlin Hyp, SAP and okadis. By developing harmonized software products, we can offer banks an integrated solution for data storage, management and regulatory reporting,” said Jürgen Lux, Chief Executive Officer BearingPoint RegTech.
Back in 2015, BearingPoint has already announced the development of the new software generation Abacus360 Banking that offers a new, innovative calculation core enabling significant increase in performance and operational flexibility. Through the “Integration for FSDM”, an Abacus360 module, loading of Abacus360 input data from the SAP FSDM data mode will be made possible. The module’s comprehensive business transformation rules allow banks to transform data from SAP FSDM into Abacus360 input data without developing an individual interface.