Fintech company
Fintech company that collaborates with law firms and financial institutions to offer investigative solutions. Currently, the company has solutions and applications installed on servers that are located on-premises. Delays occur when new clients or customers need to be onboarded because of on-premises infrastructure. The ability to discover the employees needed to support infrastructure setup is necessary, including software licensing and hardware configuration, which both require several permissions from the information security team. We have opted to migrate to the cloud to cut down on turnaround times for projects and increase productivity. We have found that using cloud solutions enhances the effectiveness of resource deployment and use. Also, the cloud infrastructure makes it simple to integrate analytical solutions on databases.
How does migration to On-Cloud will impact the Fintech firm? Address the potential business or system operations that will be improved following the implementation.
It will also simplify integrating analytical solutions into databases since cloud solutions make this process much easier than using on-premise infrastructure.
Additionally, migrating to the cloud will provide increased scalability, meaning that new clients can be onboarded quickly without any delays due to limited hardware or software licensing capacity issues.
Furthermore, with cloud-based solutions there is improved data security since data is stored offsite in secure data centers rather than being held locally on an organization's premises. This reduces the risk of malicious attacks and makes sure that customer information is kept safe and secure.
Finally, switching to a cloud-based system could help lower operational costs as organizations no longer need to manage their own servers and can instead take advantage of pay-as-you-go pricing plans offered by many of today’s leading providers like AWS or Microsoft Azure.