/devops

News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.

Tom Phillips

Embrace change and be the bank your customer needs

Tom Phillips - SVP Business Development, 10x Banking Technologies
Discussion
Up Bank launches BNPL alternative, Maybuy
Shane OHara

Shane OHara

  just checking my calendar to see if it is April 1st!
Banks choosing to build and not buy tech, suggests survey
Kim Bresman

Kim Bresman

  I am very surprised, especially as Effective built solutions typically require a dedicated team, meaning you’ll have to permanently move developer talent away from current projects or hire additional hands. Contrary to popular belief that building software in-house will pay for itself over time, the majority of software costs go toward maintenance, not initial development—requiring interminable recurring costs for IT Coding and a dedicated support team.   Building in-house can also be a risky endeavor, prone to both cost and budget overruns.    Buying pre-built software removes this risk and any costs associated with maintenance are built into your contract to avoid any surprises later on. Yes with in-house solutions, you have unlimited flexibility to create a product that meets your goal however AML Partners award-winning RegTechONE is built to be a NOCODE Platform where changes are easily possible at UI; hence no costly surprises.    
Banks choosing to build and not buy tech, suggests survey
Ketharaman Swaminathan

Ketharaman Swaminathan

  While selling COTS software to various industries, I've observed that the banking industry typically demands more extensions, customizations and interfaces (ECI) than most other industries. In both onprem and SAAS models, product owner advocates against ECI. That doesn't matter much in onprem model, where there are any number of third party service providers (including some of my ex-employers) who gladly do the ECI work e.g. Accenture, TCS, Wipro, et al.  But in SAAS model, especially multitenanted SAAS, the product owner has much tighter control over the codebase and third party service providers reportedly can't do much ECI.  Now, onprem or SAAS, banks are banks and cannot live without ECI, so it makes sense that they'd resort to BUILD rather than BUY in the SAAS world of today. That said, even in the onprem world, while small and medium banks adopted BUY, large banks have typically resorted to BUILD in Trade Finance, Cash Management, Treasury Management and other areas of Commercial Banking. As testimony, many large banks still run very old homegrown COBOL legacy systems even today. Also, there are large banks who bought COTS software in their emerging market subsidiaries but built custom solutions for their HQ and subsidiaries in developed markets. 
Banks choosing to build and not buy tech, suggests survey
Christina Sarabun

Christina Sarabun

  To say I am surprised would be a euphemism... We have been getting a growing number of requests for neobanking and digital banking software, plus quite a few companies were interested in core banking solutions... 
Vasile Valcov

The trends transforming today's digital banking

Vasile Valcov - Chief Commercial Officer, Salt Edge