SAP is outsourcing financial services businesses on behalf of Dediq

The German multinational software company SAP is spinning off its financial services division and handing over control to its new partner Dediq.

SAP has a 20% stake in the new unit

Pending regulatory approval, the transaction will create a new company. SAP, known as the Financial Services Industry (FSI) Unit, will own a 20% stake in the company.

Both SAP and Dediq will provide the FSI entity with funding, technology and connections to partnership networks. Dediq invests € 500 …

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