Middle Eastern bank, Emirates NBD has entered into a partnership with enterprise provider SAP, for implementing its Financial Services Data Platform. The platform is being supported by SAP HANA, SAP’s in-memory data platform. The partnership is expected to facilitate the expansion of customer intelligence delivery across ENBD Group’s market segments, entities, and countries.
Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, said, “We are proud to be the first bank in the world to successfully go live with SAP Financial Services Data Platform, after initially launching our Enterprise Data Platform in November 2018. Harnessing the power of Hadoop and SAP HANA has brought significantly increased capability to our Enterprise Data Platform which is ultimately aligned with Emirates NBD’s vision to drive data-driven decision making holistically across the bank.”
According to the supplier, ENBD’s Enterprise Data Platform (EDP) is expected to provide a consistent representation of data from ENBD’s systems and applications.
The bank has stated that initially, the focus of SAP’s implementation was ENBD’s Retail Banking and Wealth Management segment and was completed in 10 months.
Zakaria Haltout, Managing Director, SAP UAE, commented, “We are pleased to partner with Emirates NBD as it continues expanding its Enterprise Data Platform capabilities. As the first global bank to leverage SAP Financial Services Data Platform, this is a milestone for both of our organizations. Emirates NBD’s Enterprise Data Platform handles massive volumes of diverse data, and can now derive real-time insights to improve the customer experience, drive growth, optimize risk controls and business outcomes, and automate business processes.”
ENBD and SAP are reportedly in talks to further expand the usage of EDP across other functions including trade finance, assets, liabilities, etc.
Back to Blog