DIGITAL THINK TANK

4 Factors Banks Must Assess Before Committing to SaaS

October 19th | 11AM-12:30PM CET

A recent survey by The Economist Intelligence Unit (EIU) and Temenos found that just under two-thirds of banks see new technologies as the most significant driver of change for the next four years, up from 42% from three years ago.

Banks increasingly recognise the value of Software-as-a-Service (SaaS) solutions in delivering new products and meeting customer expectations. Central banks are also showing their appetite for and recognition of the fundamental role of cloud-driven SaaS solutions in financial services as it is a fast and agile solution.

With Pay as you go and a managed service for maintenance and deployment, financial institutions have the chance to maximise their business goals. We see that they are still hesitant towards the cloud.

There is no consensus on how a SaaS provider needs to be selected to align with plans to enable business continuity, optimise business outcomes, and help the bank reach its regulatory obligations.

This Think Tank will uncover different aspects of this dilemma to bridge the gap between the market trend and the insecurity of banks towards SaaS transformations.

Discussion Topics

Where is the market in terms of SaaS - Which segments will benefit the most (Private/Retail etc.)?

Where are the obstacles with cloud banking/SaaS?

Which business goals would you address with a SaaS transformation?

How important is governance and continuous innovation for the long-term impact of SaaS

Andrew Reeves – SUBJECT MATTER EXPERT
Andrew Reeves – SUBJECT MATTER EXPERT

Director of the Temenos Cloud Business Line

Andrew is the Director of the Temenos Cloud Business Line. With over 15 years of experience in the sector, he is an expert on banking transformation projects. The focus of his work is to advise banks on how to fulfil their business goals best while innovating their IT architecture. After years of working on the delivery and on the commercial side, he now specialises in technology leadership, cloud and service management.

About Temenos

Temenos is a world-leading banking technology provider that delivers outstanding banking experiences to more than 1 billion customers all around the world. With a platform for business transformation, Temenos helps financial institutions to accelerate their digital transformation and reimagine the way that they engage with their customers through both, the digital and physical channels, creating a consistent and seamless experience. It’s digital banking without limits!

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