2014

Axxiome Contributes to 12 Successful Core Banking Outcomes in 2012

ST. GALLEN, Switzerland, May 14, 2013 /PRNewswire/ - Axxiome announced today that it has played a key role in 12 successful banking transformation initiatives in 2012.  These projects are known in the financial services industry as some of the most challenging and difficult types of projects, that organizations can engage in.

It is against this backdrop of difficulty that Axxiome has accomplished, on average, one successful customer project completion every four weeks during the 2012 calendar year.

Axxiome works globally with banks to help them transform their business operating model by leveraging innovative packaged solutions from SAP.  As a global leader in banking transformation and assisting banks in adopting packaged solutions, Axxiome has developed models, methods and practices to accelerate the movement from bespoke solutions to modern packages.

"2012 was for Axxiome a 'year of Delivery'. We successfully concluded projects in Europe, North, Central and South America, - all regions Axxiome is present. We applied a consistent delivery approach and learned more from each engagement.

Each of the projects was different but all engagements have in common that Axxiome was recognized and praised by its customers as a strategic partner ensuring successful delivery."

- Ingo Sitzmann, Partner, Global Banking Delivery

About The Projects
The variety of projects Axxiome delivered last year spans from multi-year core transformation programs in Mega Banks with several million customers to 10 month deliveries in a green-field approach for a new line of products in a midsized financial organization.

Axxiome also delivered the lean and efficient implementation of front and core solutions for a small financial institution.  Axxiome co-innovated with the customer to design the best solution for their specific challenge.

Challenges presented to and solved by Axxiome's experts in these 12 deliveries were:

  • Implement SAP Banking into complex Architecture environments with 70+ near neighbor applications to integrate with.
  • Adapt SAP Banking to complex regulatory environments with regards to taxation and legal reporting
  • Optimize SAP Banking with regards to performance questions for Banks with a number of more than 6 Million accounts
  • Optimize the IT architecture by design and implementation SOA Architecture and reduction of the IT complexity
  • Build a holistic Commercial Platform for Origination and Servicing fully integrated with SAP Banking for more than a 1000 workstations.
  • Set up the complete backend application environment for a Greenfield bank


Expertise was provided to customers in very different engagement models:  From having sole responsibility as prime system integrator where the size of the organization fits to such an approach, or acting as special expertise partner for SAP Banking in larger organizations.

In these projects, Axxiome brought expertise on the platform and project leadership and deep experience that are often cited as the difference between a successful project outcome and one that ends in failure.  Axxiome has a consistent track record of delivering successful project outcomes and this is due to the experience of the team and the use of advanced banking transformation methods.

About Axxiome

Axxiome is a global solutions provider for the financial services industry focusing on advisory in banking and insurance complexity reduction and analytics. Axxiome provides advanced SAP Banking and Insurance expertise for accelerating the implementation and integration of transformation initiatives. With these methods, products, and expertise, Axxiome helps financial institutions reach clarity from a business, technology, integration and portfolio perspective. Axxiome is committed to supporting the achievement of tangible business outcomes including: new business operating models, regulatory agility, increased efficiency, the transformation of customer channels, and reducing total cost of ownership for its clients.

To find out more about Axxiome visit: www.axxiome.com


SOURCE Axxiome North America




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