Cloud and SaaS provide important potential advantages to financial organizations. But while “light-touch” SaaS applications may entice professionals in the short term, such arrangements have the potential to create serious regulatory problems, which may in turn cause considerable overheads as well as costly fines and reputational damage. Consequently, in the medium to longer term, SaaS arrangements — shadow or otherwise — may prove to be anything but light-touch for CEOs, CIOs, heads of regulated business units, and compliance and risk managers.
Advisor
Accessing Innovation: Shadow IT and Fintech
Posted March 1, 2017 | | Amplify
About The Author
Leslie P. Willcocks has an international reputation for his work on global management, outsourcing, e-business, information management, IT evaluation, strategic IT, and organizational change. He is a Professor of Technology Work and Globalization in the Department of Management at the London School of Economics and Political Science (LSE). Dr. Willcocks also heads LSE's Outsourcing Unit Research Centre. For the past 25 years, he has served as… Read More
Daniel Gozman is Associate Professor and Director of Engaged Research at the University of Sydney Business School, Australia, and an Honorary Fellow at Henley Business School at the University of Reading, UK. He has acted as an academic advisor to international law firms, analyst groups, and global technology firms. Dr. Gozman has been published in Journal of Management Information Systems, European Journal of Information Systems, Information… Read More
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