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Kim Bresman

Global Marketing & Business Development
AML Partners
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Followed by John Sims, Martha Boyle and 5 others you follow

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AML Partners
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Banks choosing to build and not buy tech, suggests survey
I am very surprised, especially as
  • Effective built solutions typically require a dedicated team, meaning you’ll have to permanently move developer talent away from current projects or hire additional hands.
  • Contrary to popular belief that building software in-house will pay for itself over time, the majority of software costs go toward maintenance, not initial development—requiring interminable recurring costs for IT Coding and a dedicated support team.  
  • Building in-house can also be a risky endeavor, prone to both cost and budget overruns.   
  • Buying pre-built software removes this risk and any costs associated with maintenance are built into your contract to avoid any surprises later on.

Yes with in-house solutions, you have unlimited flexibility to create a product that meets your goal however AML Partners award-winning RegTechONE is built to be a NOCODE Platform where changes are easily possible at UI; hence no costly surprises.  

 

21 Jul 2022 14:55 Read comment

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Jonathan Almeida

Jonathan Almeida
COO at AML Partners

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