Move over, data centres: with offerings such as Google GCP, Microsoft Azure and Amazon’s AWS, cloud technology is now powering a substantial portion of fintech companies. As a result, fintech companies have achieved unprecedented scalability and cost-efficiency in building out their services.
So what do financial institutions need to know about cloud solutions? What’s the difference between infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS)? What does the migration to the cloud mean for network security? And why should cloud computing be the default for your enterprise?
Nick Funnell, Head of Engineering Consulting at 11:FS, walks us through the basics of everything from the difference between public and private cloud to platform as a service (PaaS). Tackling both the benefits and limitations of cloud computing, he shows us the incredible competitive advantages the cloud offers companies of all sizes.
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