How Everything-as-a-Service Enabled Judo to Become a Billion-Dollar Bank Without Owning IT

Australian Judo Bank executed an "everything-as-a-service " (EaaS) technology strat-egy and was privately valued at A$1 billion within 12 months of obtaining its banking license. This strategy required orchestrating an ecosystem of external service pro-viders to deliver a secure, scalable, flexible and resilient set of IT services at a small fraction of the "normal " cost of ownership for in-house IT. We describe the benefits and risks of Judo Bank's approach and provide recommendations for others seeking to implement and apply an EaaS technology strategy.1,2