How can SaaS give banks a competitive edge over BaaS users? Anyone? Anyone?

Core banking technology moves pretty fast. If you don’t stop and look around once in a while, you could miss out… The reduced cost of fintech, and increased functionality of cloud-based 'as a service' models can reduce the number of applications a bank is running by 30 to 40 percent, and the cost of ownership by 15 to 20 percent, when compared to traditional financial services IT infrastructure. For banks and financial services (FS) firms, the race to market is on to leverage core banking technology, and capture new customers, whose digital expectations are high and tolerance for price is… [Continue Reading]