EXPERT FORECAST : BANKING AND FINANCE welcome element of predictability , not only for project management but for upfront and ongoing costs .
Nick Curran , Head of Endava MENA
that needs to be done is integrate a solution that has been rigorously tested , albeit in isolation from one ’ s own business model . In a cloud-native environment , this is even easier . Even if the bank runs core systems on-premises , Software-as-a-Service ( SaaS ) solutions still end up being easier to bolt in and bed down . The cloud also adds a
Already , the ‘ buy ’ option seems preferable . In a region with technology skills gaps , buying a ready-made solution is a great way of avoiding lengthy recruitment drives . But buying is not without its downsides . Try as they might , vendors of commercial off-the-shelf solutions ( COTS ) design their products for a broad operational model and may not be a perfect fit . Even where the requisite amount of customisation is possible , it may come with a list of unacceptable side effects , including a hefty price tag . COTS scaling is also challenging , as is its user-acceptance testing , maintenance and upgrades , given the reliance on an external team .
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