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According to SAP, PI reduces the TCO by providing a common repository for interfaces. The central component of SAP PI is the SAP Integration Server, which facilitates interaction between diverse operating systems and applications across internal and external networked computer systems. PI is built upon the SAP Web Application Server.
Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
SAP R/3 is the former name of the enterprise resource planning software produced by the German corporation SAP AG (now SAP SE).It is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment, billing, human resource management, and production planning.
A Customer Identification Program (CIP) is a United States requirement, where financial institutions need to verify the identity of individuals wishing to conduct financial transactions with them and is a provision of the USA Patriot Act.
The European Banking Authority published an opinion on what approaches could constitute different "elements" of SCA. [3]3-D Secure 2.0 can (but does not always [3]) meet the requirements of SCA. 3-D Secure has implementations by Mastercard (Mastercard Identity Check) [8] and Visa [9] which are marketed as enabling SCA compliance.
N-tier architecture is a good fit for small and simple applications because of its simplicity and low-cost. Also, it can be a good starting point when architectural requirements are not clear yet. [1] [2] A three-tier architecture is typically composed of a presentation tier, a logic tier, and a data tier.
SAP BC comes with the "SAP Adapter", while on the wM IS it has to be installed separately The SAP Adapter inside the Business Connector is a shared development between SAP and webMethods. It was further enhanced in UI functionality (mainly for usability issues) by SAP after the end of the partnership.
Maker-checker (or Maker and Checker or 4-Eyes) is one of the central principles of authorization in the information systems of financial organizations. The principle of maker and checker means that for each transaction, there must be at least two individuals necessary for its completion.