Accelerated build: bridging the build vs. buy gap

Accelerated build: bridging the build vs. buy gap

A framework for analyzing your platform implementation journey

When selecting the right technology sourcing approach to implement their digital vision, banks face a core dilemma: is it better to buy platform components or to build them in-house? In this paper, we look at the build and buy options and move beyond the binary choice to introduce a third approach.

The key takeaway? Don’t think of it as mutually exclusive: build vs. buy.

Instead, consider what we call accelerated build, an approach that gives banks the best of both worlds: a quick time to market and a high degree of customizability.

We introduce a six-dimensional framework to help you assess your objectives and capabilities in order to guide your decision making and help you make the right technology choices.

Our framework can be embedded into a cost-benefit analysis or a business case to provide decision support to business leaders and C-level executives. The novelty of the Backbase approach consists of the way that we build costs and quality attributes on a common set of decision variables related to platform implementation scenarios.

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