Episode 12 of Banking Reinvented explores a key dilemma that many financial institutions are facing: choosing between buying ready-made technology solutions or building bespoke systems in-house.Together, Tim Rutten and Backbase CEO Jouk Pleiter discuss the evolution of this decision from an "either/or" choice to a more integrated "buy-plus-build" strategy. They highlight how organizations can use pre-built platforms while still customizing components to maximize efficiency and differentiation.Tune in to explore the economics, trade-offs, and long-term value of both approaches in order to modernize progressively and avoid technical debt.Curious to find out more about customer-centric banking? Follow us on LinkedIn:-> Backbase-> Jouk Pleiter-> Tim RuttenStep into the future of finance -> Check out our content hubTimestamps:(00:00) - Welcome to the ‘Banking Reinvented’ podcast(02:41) - Overview of the traditional buy vs. build trade-offs(03:40) - The limitations and inefficiencies of the traditional buy and build models(05:55) - The advantages of buying technology solutions(08:53) - The risks and challenges of building in-house(10:00) - The benefits of verticalized platforms for banking(12:00) - How progressive modernization can help banks avoid technical debt(14:20) - The role of AI in potentially accelerating the build process(18:30) - The importance of orchestration in differentiating customer experiences(20:30) - Key takeaways(24:24) - Episode wrapup

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