New Economist survey on cloud computing. Interesting read - good data.
What continues to surprise me is how few corporate IT departments are taking this whole shift to the cloud seriously. I continue to see some IT leaders that "get it" and use SaaS platforms. Most however remain blissfully unaware of the threats/opportuntities.
What are you seeing with your clients? Are IT departments planning for this shift?
When I think of IBM, I think of hardware, software and consulting services - I don't think of it as a lender. Yes, that's exactly what IBM has got approval to do.
" IBM Lender Business Process Services, or LBPS, received clearance to provide mortgage origination services for federally insured Federal Housing Administration (FHA) loans.
When it announced the unit’s launch in March, IBM said the unit would fill a void in the lending space, particularly for small and midsize lenders.
The Charlotte-based unit will allow mortgage lenders to replace the fixed costs that are associated with typical loan fulfillment operations with a variable-cost framework. This in turn will free up lenders to provide better service and support to consumers, IBM says.
LBPS will offer a variety of lending services, including loan application, underwriting, processing, vendor management, document preparations, and loan closing."
While this may not seem like a significant announcement, I think there's more here than meets the eye. This is really IBM introducing LaaS (Lending as a Service) to the market.
