Why logistics and supply chain tech marketplace is vital for Sparkasse Bank Malta

Sparkasse Malta is looking at different approaches to meet the demand in its local market, which it describes as a high growth area in the global logistics sector. For the bank, the IT investment was essential to support the firm’s regulatory obligations.

The strategy included introducing changes to the banking landscape while protecting the rights of customers, with compliance being a big consideration in Malta. Inevitably, the debate can be somewhat arcane. A big, enterprise-class solution might have hundreds of API integrations, each designed to be handled by a different back-end integration. There can be hundreds of components that are packaged together by a single vendor, while others might depend on a multitude of external resources.

Sparkasse Bank Malta’s commitment to invest in logistics solutions for its business customers was unveiled at the 3rd annual Logistics Forum organized by Messaging Association for Supply Chain Management. The financial institution has invested in SAP Supply Chain Management software and is also considering Go Canal’s blockchain and cryptocurrency solutions for its business customers.

Read this article here: https://timesofmalta.com/articles/view/Sparkasse-Bank-Malta-expands-its-operations.598744

In contrast, an application-centric approach is more open and less fragmented. It can be flexible enough to evolve to meet demand. Meanwhile, an analysis of the network companies in this category highlights significant fragmentation and inefficiency. For example, JDA dominates the field. The company offers the most comprehensive suite of technology components with six different product lines, all of which are quite complex and expensive.

As an example of the latter approach, SAP’s Digital Supply Chain solutions range from basic inventory management to digital materials management to full warehouse management. Yet another digital materials-focused application in this arena is Infor TM Enterprise Logistics. However, SAP also has a strong infrastructure software offering within its SAP Commerce Cloud portfolio, which covers the entire supply chain ecosystem, including fulfillment, transportation, material management, and tracking.

“Since the risk is much higher, we don’t like to work with direct technology vendors,” chief operating officer explains. “We also look at the usage and success stories with other customers. Those we approve for loans receive very little risk.”