Why as-a-Service operating models are the future of banking technology
Dec 12, 2022 by Ihyeeddine Elfeki and Mark Perkins
Dec 12, 2022 by Ihyeeddine Elfeki and Mark Perkins
Service-oriented technology operating models and cloud-based solutions such as Software as-a-Service (SaaS) and Platform as-a-Service (PaaS) are transforming enterprise business. These operating models shift the onus from traditional ownership of software and technology from the data center upwards to a model where hardware and software are consumed on a pay-per-use basis. Providers host and maintain the infrastructure and application from the ground up, simplifying the landscape for customers. ‘As-a-Service’ is used to collectively describe these new consumption models, which are poised to deliver a paradigm shift in the capital markets industry, enabling Trading Systems as-a-Service (TSaaS). This paper gives the reader an insight into how market trends have evolved around the adoption of as-a-Service offerings and where the market sees them heading. The industry drivers behind the shift will be explored and how it maps to parts of the capital markets organization. The paper also outlines best practices for achieving this shift, including transforming the way business processes are structured and overcoming potential pitfalls during the journey. The overall aim is to help the reader look at their own organization from a transformational perspective and determine how to begin the shift to as-a-Service.
Journal of Securities Operations & Custody Vol. 14, No. 3, pp. 206–220
© Henry Stewart Publications 1753-1802
blog
Blog
blog
Blog