The leaders in cloud technologies – Amazon and Microsoft – are paving the way to enhanced data processing and storage services. Businesses around the world are quickly coming round to the potential of these new opportunities. Cloud infrastructure is used by various business sectors, including financial organizations.
TYPES OF CLOUD SERVICES
Cloud services are divided into several models:
- IaaS (Infrastructure as a Service) – infrastructure (servers, data warehouses, networks, operating systems), which is provided to customers for the deployment and launch of their own software solutions
- PaaS (Platform as a Service) – a platform with a ready-made set of tools and services that facilitate the development and deployment of cloud apps
- SaaS (Software as a Service) – ready-made functionality in the application, accessible by end users via the web
- BaaS (Business as a Service) – a ready-made automated business process with a flexibly controlled scope of work, in which developers outsource all the back-end work
A HYBRID APPROACH TO BUILDING IT INFRASTRUCTURE
The joint use of cloud and private elements in infrastructure – the hybrid model – is typical of the financial sector. Most organisations keep key information systems on private infrastructure to control their operational risks. Non-critical functions are gradually moving to cloud providers. Open APIs are available for integration with private components. The modern ‘cloud’ provides both information processing services in a convenient format and open APIs as a way to publish data and use these services.
Today, in global practice, such business functions as payment processing, reporting, risk monitoring, information security, fraud protection and compliance with KYC procedures are successfully being transferred to the cloud.
The undoubted advantage of cloud-based services is reduced financial costs for small organisations, as IT infrastructure, staff and operational processes are included in the service format and expenses are scaled up as the business grows. The use of a hybrid cloud platform enables the dynamic growth of resources as the system load changes, ensuring economic efficiency.
Companies are also reducing their costs by ‘sharing’ common features and integrations with other cloud users. Cloud operators provide ready-made templates for implementing common tasks. As a result, companies can accelerate product time-to-market, reducing the cost of its launch.
Another advantage of hosting in the cloud infrastructure for a number of solutions is access to a wider data range. For analytical services such as credit scoring, anti-fraud, money laundering and terrorism financing, cloud implementations can work better than solutions in private infrastructure.
The active development of cloud infrastructure gives financial and technological companies the opportunity to build workflow around their competitive advantages and reduce costs by moving the rest of their processes to the cloud environment.
Solanteq provides payment solutions built on the SOLAR platform, which supports a hybrid cloud infrastructure based on your specific information systems and providing the ability to dynamically allocate resources depending on the current load. With horizontal scalability, SOLAR enables you to run applications on the basic x86 platform and expand it as your business grows by adding nodes.
The containerization of SOLAR components enables their native integration into the cloud environment and the use of application deployment management tools built-in by service providers, such as Azure AKS or Amazon ECS.
SOLANTEQ CLOUD SOLUTIONS EXPAND YOUR BUSINESS CAPABILITIES AND HELP YOU TO MAINTAIN YOUR COMPETITIVE ADVANTAGE IN THE MODERN DIGITAL ECONOMY