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2 min read

Banks Shouldn’t Reinvent the Wheel

By Laura Spiekerman on Jul 12, 2016 9:45:00 AM

We’ve added “aas” to so many functions and products, from Software to Platforms to Backend (there’s some joke to be made here, but I’ll refrain…). If you started building products or services in the last few years (like me), you might take for granted that you don’t have to reinvent the wheel every time you want to access basic infrastructure and functionality; you probably rely on AWS for hosting, and use a CRM in the cloud to keep track of your customers.

But when it comes to financial services, building products & services is still largely on-premise, and most product managers and developers are reinventing the wheel.

Topics: APIs Fintech Banking Kyc