SAP CFO Asam says AI exposes costly patchwork IT at banks and insurers

• SAP SE CFO Dominik Asam flagged structural complexity, not AI readiness, as the main barrier to AI adoption in financial services.
• Asam cited 10x performance gains from AI-driven process improvements, highlighting the payoff from standardized processes.
• SAP Fioneer CEO Matthias Tomann warned patchwork architectures are becoming uneconomic, pushing banks toward integrated platforms built around real-time data.
• The executives framed AI’s next phase as execution of end-to-end workflows, aligning with SAP’s “Autonomous Enterprise” direction under defined governance.
• SAP-Fioneer said the partnership since 2021 lifted R&D investment 120% and more than doubled annual software sales as customers moved to SAP Cloud ERP.

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