The pay-as-you-go model of SaaS — software as a service — has certainly gained traction in the world of banking.
SaaS has helped banks and other traditional financial institutions to take advantage of apps or software offered (commonly) by fintechs, without having to buy or build out the technology.
But as fintechs are getting bigger, and banks are getting more tech-savvy, can the roles switch? In other words, are banks ready to sell their own tech solutions to fintechs that are seeking scale?
