As banks and fintechs modernize their infrastructure, the choice between cloud-based solutions and traditional on-premises systems is more important than ever. This guide breaks down the pros, cons, and ideal use cases for each approach in integration projects.
1. Speed
- Cloud: Deploy in weeks, not months, with instant updates.
- Traditional: Longer implementation due to hardware and software setup.
2. Cost
- Cloud: Subscription or usage-based pricing; minimal upfront cost.
- Traditional: Higher upfront investment in hardware and licenses.
3. Scalability
- Cloud: Scale instantly to meet demand.
- Traditional: Requires additional infrastructure upgrades.
4. Security
- Cloud: Real-time patches and monitoring; must trust provider.
- Traditional: Direct control over systems; patching may be slower.
FinConnect’s Hybrid Advantage:
With FinConnect, you can adopt cloud for speed and scalability while keeping certain workloads in traditional environments for control and compliance.
There’s no one-size-fits-all answer, the best choice depends on your integration goals, regulatory environment, and IT strategy.
