Logistics and Supply-Chain Tech: How Sparkasse Bank Malta View the Market
Sparkasse is a player in the German banking sector, but it has been investing heavily in new technologies for some time now. Earlier this year, it acquired Munich-based startup Postbank Retail Solutions (not confused with the German postal service) to extend its customer services.
Vendors of application-centric logistics solutions are in full marketing mode. As such, they’re launching hybrid solutions built to provide the most competitively priced goods and services within the SME market. “On the other hand, there is a relatively well-defined new market within logistics software—digitizing traditional supply chains to accommodate e-commerce.
While e-commerce has played a significant role in bringing transportation, logistics, and supply chain tools to the forefront, the industrial sector is where they make their bones. The ever-evolving “global economy” is reshaping the logistics and supply chain.
Because of the strategic and operational necessity of flexibility and adaptability for its supply chain, industrial customers quickly adopt new technologies and services. But despite that strong inclination toward the new and the latest, there are still several reasons that industrial companies in Europe and the U.S. choose to invest in incumbent ERP solutions and software, too.
For example, they might be outsourcing their data centers and other IT infrastructure to cloud-based providers and don’t want to risk losing control of their data.
There’s little doubt that e-commerce will continue to provide a huge growth opportunity for supply chain software, both in terms of individual vendors but also vendors with broader portfolios such as SAP, Oracle, Intuit, and others.
Sparkasse Bank, which is celebrating another anniversary this year, is part of the highly successful Sparkasse Bank Group, a family of cooperative banks with a combined € 10 billion in assets under management.
The Sparkasse Group employs hundreds of staff in Malta, providing retail, private, and business customers with various financial services and products. Sparkasse Malta offers its corporate clients multi-channel payment services, including electronic payment and gateway solutions, online foreign exchange trading, investment banking, asset management, equity broking, and capital market research.
The Sparkasse Bank System for e-Commerce works with the Sparkasse Service Application to offer a complete service for e-commerce businesses. It drives online transactions but also facilitates e-commerce fulfillment. Recently, the bank implemented another application, DataPath, a software for the supply chain management.