SAP FSDM Data Model
The Standardized Banking Data Model for Banks and Financial Institutions
At the heart of a centralized, harmonized SAP data platform is the banking-specific SAP FSDM (Financial Services Data Management) data model. It enables a standardized and generic representation of financial products, financial contracts, and related data objects, while also offering the flexibility for customer-specific extensions. In this way, SAP FSDM lays the foundation for a consistent database and offers impressive flexibility in adapting to different business models: from private commercial banks to state banks and development banks.
The standardized and predefined data structures of the reference data model for financial institutions provide a consistent and harmonized view of the data, both within the various divisions of the organization and when the information is made available externally. This creates an ecosystem with standardized interfaces to solutions such as SAP FPSL, Regnology Abacus360, and Wolters Kluwer OneSumX.
SAP FSDM on HANA
The Central Data Platform for Accounting, Reporting, and Risk Management
The rollout of the SAP FSDM data model on SAP HANA technology creates a central banking data platform.
At many banks and financial institutions, this platform was referred to as SAP FSDP (Financial Services Data Platform) and combines the functions of a traditional data warehouse with those of a modern integration platform. By integrating various operational banking applications as well as risk, calculation, and simulation systems, a centralized, consolidated data repository is created for all key data of a financial institution. This data can be used for analytical and reporting purposes, as well as for interfaces with other systems and for consistent distribution throughout the company.
The native integration with SAP systems enables fast and efficient processing of large volumes of data, both in real time and in batch mode.
SAP FSDM 2023
The Strategic Evolution of SAP FSDM on the SAP NetWeaver Stack
With SAP FSDM 2023, SAP Fioneer has technologically repositioned the banking reference data model. The proven SAP FSDM data model remains the core of the system in terms of content, but the platform architecture has been fundamentally changed.
Technically, SAP FSDM 2023 is designed for use on the SAP S/4HANA platform, which allows organizations to leverage existing SAP tools, standards, and expertise. This enables efficient implementation and reduces operational effort. The solution can be deployed both on-premises and in a private cloud environment and is compatible with SAP’s cloud strategy.
The Fioneer Finance Data Suite provides SAP FSDM 2023 with tools that enable financial data from various source systems to be consistently harmonized, validated, and prepared. This allows the standardized business objects to be used directly for reporting, analysis, and regulatory requirements, supported by integrated data quality and data governance features.
At the heart of a centralized, harmonized SAP data platform is the banking-specific data model SAP FSDM (Financial Services Data Management). It enables a standardized and generic representation of financial products, financial contracts, and related data objects, while also offering the flexibility for customer-specific extensions. In this way, SAP FSDM lays the foundation for a consistent database and offers impressive flexibility in adapting to different business models: from private commercial banks to state banks and development banks.
The standardized and predefined data structures of the reference data model for financial institutions provide a consistent and harmonized view of the data, both within the various divisions of the organization and when the information is made available externally. This creates an ecosystem with standardized interfaces to solutions such as SAP FPSL, Regnology Abacus360, and Wolters Kluwer OneSumX.
The rollout of the SAP FSDM data model on SAP HANA technology creates a central banking data platform.
At many banks and financial institutions, this platform was referred to as SAP FSDP (Financial Services Data Platform) and combines the functions of a traditional data warehouse with those of a modern integration platform. By integrating various operational banking applications as well as risk, calculation, and simulation systems, a centralized, consolidated data repository is created for all key data of a financial institution. This data can be used for analytical and reporting purposes, as well as for interfaces with other systems and for consistent distribution throughout the company.
The native integration with SAP systems enables fast and efficient processing of large volumes of data, both in real time and in batch mode.
With SAP FSDM 2023, SAP Fioneer has technologically repositioned the banking reference data model. The proven SAP FSDM data model remains the core of the system in terms of content, but the platform architecture has been fundamentally changed.
Technically, SAP FSDM 2023 is designed for use on the SAP S/4HANA platform, which allows organizations to leverage existing SAP tools, standards, and expertise. This enables efficient implementation and reduces operational effort. The solution can be deployed both on-premises and in a private cloud environment and is compatible with SAP’s cloud strategy.
The Fioneer Finance Data Suite provides SAP FSDM 2023 with tools that enable financial data from various source systems to be consistently harmonized, validated, and prepared. This allows the standardized business objects to be used directly for reporting, analysis, and regulatory requirements, supported by integrated data quality and data governance features.
The SAP FSDM (Financial Services Data Management) banking-specific data model forms the core of a centralized, harmonized SAP data platform. It enables a standardized and generic representation of financial products, financial contracts, and related data objects, while also offering the flexibility for customer-specific extensions. In this way, SAP FSDM lays the foundation for a consistent database and offers impressive flexibility in adapting to different business models: from private commercial banks to state banks and development banks.
The standardized and predefined data structures of the reference data model for financial institutions provide a consistent and harmonized view of the data, both within the various divisions of the organization and when the information is made available externally. This creates an ecosystem with standardized interfaces to solutions such as SAP FPSL, Regnology Abacus360, and Wolters Kluwer OneSumX.
The rollout of the SAP FSDM data model on SAP HANA technology creates a central banking data platform.
At many banks and financial institutions, this platform was referred to as SAP FSDP (Financial Services Data Platform) and combines the functions of a traditional data warehouse with those of a modern integration platform. By integrating various operational banking applications as well as risk, calculation, and simulation systems, a centralized, consolidated data repository is created for all key data of a financial institution. This data can be used for analytical and reporting purposes, as well as for interfaces with other systems and for consistent distribution throughout the company.
The native integration with SAP systems enables fast and efficient processing of large volumes of data, both in real time and in batch mode.
With SAP FSDM 2023, SAP Fioneer has technologically repositioned the banking reference data model. The proven SAP FSDM data model remains the core of the system in terms of content, but the platform architecture has been fundamentally changed.
Technically, SAP FSDM 2023 is designed for use on the SAP S/4HANA platform, which allows organizations to leverage existing SAP tools, standards, and expertise. This enables efficient implementation and reduces operational effort. The solution can be deployed both on-premises and in a private cloud environment and is compatible with SAP’s cloud strategy.
The Fioneer Finance Data Suite provides SAP FSDM 2023 with tools that enable financial data from various source systems to be consistently harmonized, validated, and prepared. This allows the standardized business objects to be used directly for reporting, analysis, and regulatory requirements, supported by integrated data quality and data governance features.
Our expertise
Design & Implementation of SAP FSDM as a Central Data and Integration Platform
We will assist you in implementing SAP FSDM as the central data repository for all relevant customer and contract data, as well as the associated supplementary data sets. Depending on your requirements, we will map your data within the SAP FSDM model, extend it in collaboration with the vendor within the standard system, or make customer-specific customizations. Our team has expertise in both the SAP HANA-native version, SAP FSDM on HANA, and the SAP NetWeaver-based version, SAP FSDM 2023.
We also offer best practices and solutions for integrating source and target systems. Depending on your overall architecture, we utilize a variety of technologies, such as the Fioneer Finance Data Suite, ABAP-native developments, SAP SDI, the SAP BTP Integration Suite, SAP Fiori, web services, and more.
A Holistic Approach to Implementing an SAP FSDM-Based Data Platform
We help you unlock the full potential of SAP FSDM as a comprehensive data platform by the entire data management process : from the analysis, design, and integration of SAP-native and non-SAP-native source systems to data provision for analytical systems. In addition to design and implementation, we support you in establishing validation and data quality frameworks. SAP FSDM 2023, with the Fioneer Finance Data Suite, provides native tools for data integration, as well as regulatory-compliant tools for tracking data lineage and creating data quality frameworks. We support you in the introduction, use, and implementation of these tools, as well as in custom client-specific developments in ABAP and SAP Fiori.
As part of SAP FSDM on HANA We develop custom applications and userinterfaces to SAP FSDP data. For comprehensive data management Based on the SAP FSDP , we support you in establishing data governance processes. This includes the Implementation of validation and data quality frameworks, as well as the development of customer-specific applications.
Take Advantage of Our Range of Services
Further Development SAP FSDM-Data Model
Close partnership and collaboration with the manufacturer SAP Fioneer to further develop the SAP FSDM standardDdata model to meet the specific requirements of various banking segments, such as private commercial banks, state banks, or development banks.
Integration of External Systems
Design of data transformations and integration of SAP systems as well as third-party systems via existing standard adapters, in particular the Fioneer Finance Open Integration Framework (FOF) in SAP FSDM 2023, as well as SAP SDI in SAP FSDM on HANA.
Efficient integration through our tool suite
For efficientn implementation of integration interfaces we use our own suitesuite to accelerate the project.
Data Analysis & Reporting
Design and implementation of dashboards, analyses, and reporting applications based on SAP FSDM.
Migration from FSDM on HANA to FSDM 2023
We provide support for migrating an existing SAP FSDM on HANA solution to the latest version of SAP FSDM 2023.
Customizing SAP FSDM Data Model
Custom extensions to the SAP FSDM standard data model with new bank-specific attribute values, fields, and entities.
Custom Data Interfaces
Specification and implementation of custom data interfaces for both data integration and the data transfer from SAP FSDM -based data platform.
Development of Custom Applications
We provide support for implementing the BCBS 239 requirements, whether through custom SAP Fiori applications or using the native SAP FSDM 2023 capabilities in the Fioneer Finance Data Suite.
Independent Review and Planning of the SAP FSDM Implementation
We conduct an independent assessment to determine whether implementing SAP FSDM is the best solution for your company, and we support you through a proof of concept (PoC) as well as in developing an implementation plan and your roadmap.
Overall Project Responsibility
From conceptual design to technical implementation and through to production launch – we offer you a comprehensiven approach that also includes production support after go-live.
Further Development of the SAP FSDM Data Model
Close partnership and collaboration with the manufacturer SAP Fioneer to further develop the SAP FSDM standardDdata model to meet the specific requirements of various banking segments, such as private commercial banks, state banks, or development banks.
Integration of External Systems
Design of data transformations and integration of SAP systems and third-party systems using existing standard adapters, in particular the Fioneer Finance Open Integration Framework (FOF) in SAP FSDM 2023, as well as SAP SDI in SAP FSDM on HANA.
Efficient Integration with Our Tool Suite
To ensure the efficient implementation of integration interfaces, we use our own suite of tools to accelerate project delivery.
Migration from FSDM on HANA to FSDM 2023
We provide support for migrating an existing SAP FSDM on HANA solution to the latest version of SAP FSDM 2023.
Data Analysis & Reporting
Design and implementation of dashboards, analyses, and reporting applications based on SAP FSDM.
Customizing the SAP FSDM Data Model
Custom extensions to the SAP FSDM standard data model through new bank-specific attribute values, fields, and entities.
Custom Data Interfaces
Specification and implementation of custom data interfaces for both data integration and data transfer from the SAP FSDM-based data platform.
Development of Custom Applications
We provide support for implementing the BCBS 239 requirements, whether through custom SAP Fiori applications or using the native SAP FSDM 2023 capabilities in the Fioneer Finance Data Suite.
Independent Review and Planning of the SAP FSDM Implementation
We conduct an independent assessment to determine whether implementing SAP FSDM is the best solution for your company, and we support you through a proof of concept (PoC) as well as in developing an implementation plan and your roadmap.
Overall Project Responsibility
From the conceptual design and technical implementation all the way through to the go-live—we offer you a comprehensive approach that also includes production support after the go-live.
Further Development of the SAP FSDM Data Model
Close partnership and collaboration with the manufacturer SAP Fioneer to further develop the SAP FSDM standardDdata model to meet the specific requirements of various banking segments, such as private commercial banks, state banks, or development banks.
Integration of External Systems
Design of data transformations and integration of SAP systems and third-party systems using existing standard adapters, in particular the Fioneer Finance Open Integration Framework in SAP FSDM 2023, as well as SAP SDI in SAP FSDM on HANA.
Efficient Integration with Our Tool Suite
To ensure the efficient implementation of integration interfaces, we use our own suite of tools to accelerate project delivery.
Migration from FSDM on HANA to FSDM 2023
We provide support for migrating an existing SAP FSDM on HANA solution to the latest version of SAP FSDM 2023.
Data Analysis & Reporting
Design and implementation of dashboards, analyses, and reporting applications based on SAP FSDM.
Customizing the SAP FSDM Data Model
Custom extensions to the SAP FSDM standard data model through new bank-specific attribute values, fields, and entities.
Custom Data Interfaces
Specification and implementation of custom data interfaces for both data integration and data transfer from the SAP FSDM-based data platform.
Development of Custom Applications
We provide support for implementing the BCBS 239 requirements, whether through custom SAP Fiori applications or using the native SAP FSDM 2023 capabilities in the Fioneer Finance Data Suite.
Overall Project Responsibility
From the conceptual design and technical implementation all the way through to the go-live—we offer you a comprehensive approach that also includes production support after the go-live.
Independent Review and Planning of the SAP FSDM Implementation
We conduct an independent assessment to determine whether implementing SAP FSDM is the best solution for your company, and we support you through a proof of concept (PoC) as well as in developing an implementation plan and your roadmap.
