Solution is expected to be available during the third quarter of 2010 and will be offered as part of the portfolio of SAP for the insurance industry. In short, will be offered additional solutions for banking. Thus, financial services customers around the world can streamline business processes, improve information sharing, reducing transaction costs and improve compliance.

Financial institutions have direct experience in processing and automated business processes with lots of data. Still, many processes such as opening a loan or mortgage, or the handling of complaints handled a lot of content and require efficient systems to automate document capture, content management and correspondence management. Banks and insurers can further improve the efficiency of processes, cost control and customer loyalty, integrating with other systems for structured and unstructured data existing electronically capturing paper content and providing a customer experience rich and highly personalized.

SAP and EMC will work together to build solutions that give financial companies a new tool to meet their challenges by adding capabilities and allowing for more efficient use of all corporate information resources. One example is to eliminate the manual effort traditionally required in the processing of insurance brokers. When providing digital capture of documents, emails and faxes, brokers can increase productivity and reduce the cost of errors and manual workarounds. Another example is that of addressing the problem of tedious paper processing and intensive manual processes required to manage a loan. The addition of document processes into business processes is not new to banking; this is a challenge that has been addressed through a standard approach. When scanning the contents of your home and create folders scanned loans, banks can streamline and increase production potential way of loans and sales close rates and improve customer communication during the entire lifecycle loan.

This argument has served many purposes. On the one hand, interventionists have claimed to have felt ideologically events which neither understood nor did they provide, on the other, politicians and the heads of central banks have been able to shake off all responsibility for the situation because we have sold them to the disaster came from outside, like a biblical plague in which there would have no part, and finally, and I believe this is essentially allowed to keep the essence of the current financial system, whose failure was attributed not to its formidable capacity to destabilize the economy, but the stupidity and wickedness of specific people with too much room for maneuver.

Should therefore clarify again why thei banking system s not too free, or, in any case, why has so much free as any multi-billion industry that receives a subsidy and whose spending is not under control too strict.

Let us start with the basics: the business of banks is to borrow to pay. Something quite simple. Many people do not know how profitable their euros and the bank pays a 3%, then the bank considers its investment opportunities and in turn pays 6%, profiting from the spread between the interest rate you pay and the interest rate charged.

As we know, the bank does not usually give cash the money it lends. No one leaves the office in which grant a mortgage with a sack of banknotes of 50, 100 or 500 euros. Rather, the bank promises us that we can withdraw euros when we want, and with that promise, which takes the form of a deposit for us, all we need. The officials, trusting that the bank will fulfill its promise, we consider it more practical to manage with the accounting entries resulting in the promise that with cash.

Why can we be sure that the bank will fulfill its promises? It is not, of course, absolute certainty, but if it has previously borrowed euros now promises to deliver us, clearly has the raw material needed for this.

However, what if the bank borrowed money from anyone and grant us a mortgage with the promise that they will give us a few euros you do not have? Intuition tells us that the bank could not fulfill its promise, but the truth is that it could borrow euros retrospectively the need to other operators, egg to other banks (this is what is generally known as the interbrain market).