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Financial institutions are part of a heavily regulated sector that still relies to a degree on legacy systems (e.g., A hybrid cloud solution provides a flexible alternative way for banks to isolate this data by hosting applications on industry-compliant public clouds and storing sensitive information on-premises in their private cloud.
The advantages extend further to seamless compliance with evolving regulations, empowering employees through self-service features and reducing the burden on finance and HR departments. Installed and runs on the company’s own servers and infrastructure. Cost Structure Subscription-based, pay for usage.
Compliance and security are critical, especially when handling regulated data. Financial Services Supports secure application development for banking, payment processing, and fraud detection. PaaS follows a usage-based pricing model, contrasting with the fixed-cost structure of traditional hosting.
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