European Banks Accelerating Toward SaaS-Based Payment Solutions

A new study from Tietoevry Banking has revealed the European banks are accelerating outsourcing in response to the rapidly changing end-user payment pattern and competitive landscape. In particular, the study has found that 72% of senior European banking professionals are planning for a change in their payments delivery model and infrastructure in the next 3–5 years, with the adoption of Software-as-a-Service (SaaS) as an outsourcing model considered as instrumental for this change. Access to the full report can be found here.