The Case for Cloud Migration in Financial Services: Why Waiting Is the Riskier Bet
A few months ago, we sat across the table with the CTO of a mid-sized NBFC who said something that stuck with us: “We’re not scared of the cloud. We’re scared of what happens if we get it wrong.” That fear is real, and honestly, it’s justified. Financial services companies deal with regulatory scrutiny, legacy […]
The Hidden Costs of Maintaining Outdated Banking Software Systems
Every CTO at a bank or NBFC has heard some version of this line in a budget meeting: “The system works fine, why spend money replacing it?” We’ve heard it too, right before a client’s core banking platform went down for six hours during month-end reconciliation and cost them more in penalty interest than a […]
How to Evaluate an IT Services Vendor Before Signing a Contract (A BFSI Playbook)
A few months back, we sat across the table with a mid-sized NBFC that had just walked away from a two-year contract with their previous IT vendor. The reason wasn’t cost. It was that the vendor didn’t understand what “audit trail” meant in the context of RBI’s digital lending guidelines. Six months into the engagement, […]
In-House Team vs IT Outsourcing Partner: What BFSI Leaders Should Actually Weigh Before Deciding
Every CTO or Head of Technology at a bank, NBFC, or fintech eventually hits this question: do we build our own tech team, or do we bring in an outsourcing partner? At Speqto Technologies, we’ve sat on both sides of this conversation – as the partner being evaluated, and as advisors helping clients think through […]
The Real Cost of Delaying Digital Transformation: What Mid-Size BFSI Firms Are Losing Every Quarter
Every mid-size NBFC, cooperative bank, or insurance broker we’ve worked with at Speqto Technologies has, at some point, said some version of the same thing: “We’ll get to the digital overhaul next year, once things settle down.” The problem is, things never settle down. And the invoice for waiting keeps growing quietly in the background […]
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