The New Temenos and Finextra Impact Study is out! Prepare to Choose: 4 Factors Banks must assess before committing to a SaaS Provider
A recent survey by The Economist Intelligence Unit (EIU) and Temenos found that just under two thirds of banks see new technologies as the greatest driver of change for the next four years, up from 42% from three years ago.
In order to have confidence that the correct SaaS provider is being selected, it is vital for banks to drill down and assess the factors which make SaaS attractive from a business perspective in the long and short term. Banks must consider whether its core offering will enable business continuity, optimise business outcomes and help the bank reach its regulatory obligations. Above all else, SaaS providers must provide certainty that their solution will not hinder or threaten business functionality in any way.
This impact study will outline four fundamental factors for banks when considering a SaaS solution, in order to position a financial institution’s business offering for success.