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Great insightful picks, Madhvi, thank you!

Great article full of first-hand experience, thank you! A few days ago I also gathered my thoughts about cloud in fintech: 

https://www.finextra.com/blogposting/20175/how-the-cloud-is-changing-fintech

Can't come up with such a topic - spontaneously, but if you find one, I'd be glad if you share your thoughts, Ketharaman. Let's keep in touch!

Hi Ketharaman! I'm glad my considerations resonated with you, and that you have a lot to say.

I like the way you define the software types. As we talk about financial software, there are lots of complete and incomplete synonyms (like ootb and cots), as well as detalizations and simply more frequently used vs less frequently used notions. And sometimes picking the right definition for a product is a trap. 

I decided to single out three types according to the development (not deployment) model: custom (from scratch), ootb (readymade), configurable (combining the benefits of these two). According to this classification, SaaS would come in the second column I guess. Although, it very different from COTS deployed on-premises, you are totally right.   

You gave me some food for thought with this "configurable" vs "assemblable" - however, in the case with my HES FinTech platform, I would say we offer configurable rather than assemblable, because it is more than a list of modules you can include or exclude - we offer a higher level of tailoring and meet very specific needs. Sure, there are vendors out there, who provide assemblable solutions. I know cases where they may be the right fit for some businesses, too. 

Actually, any classification can be indistinct, so I really understand what you are talking about. I could write a separate article about SaaS, and the only reason why I didn't mention it here - I tried to be brief. Also, it's not my main interest. 

But I would be pleased to read your thoughts about it. A new blog post maybe?) Hope I'll get a chance to read it and leave my comment.