Abstract
This Financial Insights report examines the software-as-a-service (SaaS)
delivery model in the context of banks operating out of Asia/Pacific. The
report considers how the SaaS value proposition may be evolving amidst the
current economic malaise, while identifying key drivers and risk issues
impacting the near-term outlook for SaaS adoption by the region' s banks. The
report draws upon insights gained from conversations with senior executives
from banks in India, Indonesia, Malaysia, Singapore, Taiwan, and Thailand.
"From a cost-containment standpoint, SaaS is often positioned as an attractive
approach to technology provisioning, particularly for banks whose IT budgets
have come under growing scrutiny in a challenging business environment," notes
Shawn Yip, analyst at Financial Insights Asia/Pacific. Shawn continues, "While
Asia/Pacific banks are generally treading cautiously when it comes to embracing
SaaS, there is a growing awareness that the advantages of an on-demand,
subscription-based software provisioning model can extend beyond cost savings.
However, risk issues must be adequately addressed and a significant amount of
education and handholding is required on the part of service providers for the
SaaS delivery model to ultimately fulfill its promise."
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