When will SaaS break out of CRM?

Wall Street & Technology notes that while financial services firms are active users of software as a service (SaaS), usage is overwhelmingly centered in CRM applications. So the question remains: Will the adoption of SaaS ever break out of that box? Well, the issue has been around a while, but some see a real opportunity these days. Large asset managers and brokers are said to be more interested in embracing SaaS solutions for all-important risk and compliance applications. The budget environment may make them even more attractive. More vendors seem to be rolling out hosted solutions, as well. Specific areas include corporate actions, "approval mechanisms for complying with customer regulations," and anti-money laundering applications, reports the magazine. Other promising areas: wealth management advisory workstations, which can be rented from clearing and software providers.

For more:
- here's the article

Related Articles:
Are more banks ready to turn to SaaS?
Software-as-a-service and compliance: A good fit?