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SAP Fioneer and Deutsche Pfandbriefbank launch solution for commercial real estate financing – Fintech Schweiz Digital Finance News
Of Fintechnews Switzerland
May 22, 2024
SAP Fioneer, the software specialist for the financial services industry, and Deutsche Pfandbriefbank AG (“pbb”) have launched Digital Credit Workplace, a solution for commercial real estate financing that covers the entire transaction lifecycle: from loans to credit risk management, all processes are supported.
The Credit Workplace is the answer to the typical challenges faced by banks and financial service providers. Numerous manual process steps, fragmented IT support, distributed and redundant data and extensive use of end-user computing characterize the daily work of experts. As a result, substantial efficiency potential cannot be realized, the use of artificial intelligence is made more difficult, compliance requirements can only be partially met with great efforts and ensuring consistent data requires additional measures and coordination.
The Credit Workplace focuses on significantly improved integration capacity, introduces uniform and optimized data structures (e.g. in asset mapping) and enables the digitalisation and automation of decision-making and risk processes. End-user IT applications can be scaled and document-based process steps can be replaced by interactive dashboards tailored to the target group. The effort required to record, maintain and copy data is significantly reduced, allowing employees to focus on actual lending activity and risk management. Overall, collaboration between employees within and between departments and with customers is greatly simplified.
Michael Spiegel
“Thanks to the agile way of working in mixed teams of SAP Fioneer and pbb employees and the high level of commitment from all parties, the co-innovation was implemented on schedule.”
explains Michael Spiegel, head of operations and digitalization at pbb.
“Credit Workplace has greatly simplified our lending process. The intuitive structure and specific dashboards help enormously to maintain an overview of the complex processes involved in credit, risk assessment and portfolio management and to always have up-to-date information available. Furthermore, a number of manual processes have been automated.”
Alexander Wehrmann
Dr. Alexander Wehrmann, CEO of SAP Fioneer, adds:
“Together with pbb as a strong and competent partner, we have created a new solution that not only comprehensively supports and substantially improves commercial real estate financing processes, but we have also taken an important step in expanding our product portfolio in credit commercial. “
Featured image credit: Edited by freepik
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