Financial institutions aren’t seeing ROI on technology spend without standardized and automated development environments

Financial institutions, traditionally slow to adopt technology due to concerns over stability and security, are now investing heavily in tech solutions like automation, AI, and developer productivity tools. Despite these investments, many banks are experiencing less than a 45% return on their tech expenditures. A significant issue contributing to this low ROI is the 'day 2' overhead, which includes the ongoing operations and maintenance costs of software. Many banks mistakenly believe that self-hosted solutions must also be self-managed, leading to increased overhead. Shifting to self-hosted, vendor-managed solutions can reduce these costs while maintaining security and compliance standards. Additionally, adopting a 'platform as a product' mindset, which focuses on user-centric solutions and supporting the 'inner loop' of development, can improve productivity and ROI. Ona's AI-native development platform exemplifies this approach by providing automated, standardized development environments that enhance security, productivity, and ease of adoption without the burdensome 'day 2' overhead, thereby offering a more efficient way for financial institutions to realize their technology investments.