Software-As-A-Service In Banking

Software-as-a-service (SaaS) has become a common deployment option for many horizontal enterprise applications, such as CRM, HR, collaboration, and sourcing applications. But to date, the use of SaaS for vertical-specific applications has been limited, especially in banking. Security and privacy concerns and regulations are some of the reasons that banks have been reluctant to put sensitive data into a public cloud. They also had little choice, as banking-specific SaaS offerings were rare. But times are changing, and SaaS continues its rapid procession into more and more markets. Does SaaS for banking loom on the horizon? This report highlights selected banking-specific public cloud offers to help AD&D professionals use SaaS to transform and modernize their bank's application landscape.