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.

SAP CFO says structural complexity is the main barrier

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