1. The obstacles to software-as-a-service adoption in banking

    Security is seen as a top obstacle to using software-as-a-service (SaaS) products for three-quarters of business technology decision makers at banks, according to a global survey. Banks have adopted cloud relatively slowly in comparison with firms of similar sizes in other sectors, and Forrester’s latest research reveals why.

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    1. Concerns regarding the security, privacy and risk of SaaS deployments for financial services should be a thing of the past. The new, state-of-the-art SaaS solutions are just as capable of protecting customer information, corporate intellectual property and other business secrets as traditional hosted solutions.
    2. To accelerate their firm's digital business transformation and provide the necessary levels of flexibility for banking of the future, application development and delivery teams at financial services firms will need to use SaaS.
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