Recently Hans Wortmann and me have given a presentation in Amsterdam for the Holland Financial Centre (HFC). Subject of this presentation was (of course) the development of SaaS in relation to the financial Sector. ICT is very much undervalued in the financial sector. Even though financial institutions spend considerably amount of money on IT it seldom is used strategically in practice. Robin Fransman, deputy director of HFC, showed this clearly by pointing out that the wordt ICT is only mentioned once in the working plan for the HFC for 2008/2009. This funny enough to everyone’s surprise!
In the presentation (that you can find here) we showed many examples how ICT in general and SaaS in particular will change the banking sector significantly in the coming years. For example, Google already has a banking licence in the Netherlands…
The presentation changed into a lively and interesting discussion with the the audiance. The general feeling was that financial institutions really should be more aware of the strategic possibilities (and competitive dangers) of ICT. At the moment we are working an a way, together with HFC, to keep that discussion going.
You can find the presentation here.