platform as a service
BPaaS, platform as a service, cloud banking, cloud-based models, SDS, cost efficiency
What role does Business-Process-as-a-Service (BPaaS) have to play in banking as we move into the new decade? Here are the 4 biggest benefits that BPaaS offers to banks.
Case Studies, innovation, banking platforms, platform as a service, SaaS
The switch from the global interest rate benchmark to its regional offspring, like SARON in Switzerland, represents a major challenge to financial institutions.
To keep their competitive edge, banks and wealth managers require efficient ways to operate and increasingly turn to SaaS or BPaaS providers offering cloud-based solutions to implement rapid business model shifts. Many are moving to a platform model of operation, and are adopting cloud-based services to achieve their aims.
Business Process as a Service (BPaaS) may be thought of as a combination of the benefits provided by Software as a Service (SaaS), Infrastructure as a Service (IaaS) and traditional Business Process Outsourcing (BPO). It is essentially a process-led implementation and offers core banking activities by a service partner.