2023-04-30 17:38:26
In recent years, the cloud has become essential. Performance, better availability, lower costs, easy to use… It has many advantages. Among its derivatives is the agnostic cloud. The latter is being adopted by more and more companies, and particularly by financial institutions for their core banking. What to know regarding this cloud? Find out all in this article.
Cloud agnostic: what is it?
Platforms or applications that are cloud agnostic are compatible with any type of cloud infrastructure. In concrete terms, their computer systems are independent of a specific cloud provider. Thus, they can be opened on any cloud computing platform. The agnostic cloud therefore guarantees great freedom and offers better portability.
Cloud agnostic: what is its contribution to core banking?
Faced with the evolution of technology, many financial institutions have chosen to modernize. Thus, it is no longer uncommon to come across organizations adopting cloud-agnostic Core Banking Platforms. The enthusiasm for this solution is explained by the many advantages it presents for Core Banking.
Enjoy good flexibility
When you have a Core Banking Platform hosted on agnostic cloud, you have the option of change cloud provider (cloud provider) easily. In other words, you are not locked to a single host. This freedom allows you optimize your services to better adapt them to the needs of your customers. Clearly, as soon as your host no longer provides quality service, you can easily replace. Opting for a cloud-agnostic Core Banking Platform therefore means choosing a long-lasting and perfectly independent solution. You can offer your customers innovative, flexible, scalable financial services that meet their requirements.
Optimal security and risk reduction
Hosting your Core Banking Platform on agnostic cloud allows you to benefit from a enhanced security. Your platform is indeed at immune to outages, security compromises and cloud provider performance issues. And should you ever run into trouble, the agnostic cloud gives you a great responsiveness. You can indeed quickly switch to another cloud infrastructure so that your platform is not affected. Also, is it important to add that all your data is saved in a safe place even in the event of a major incident.
Guarantee the sovereignty of the data processed
Some financial institutions requirehost the data they process on the national territory of the country where they practice. To achieve this, a cloud-agnostic Core Banking Platform will be a great help. With this solution, you will be able to adapt to these regulations without constraint.
Adaptability to business needs
The agnostic cloud is highly scalable. It is specially designed for support the growth of your business. This solution can be easily increased or reduced depending on your current needs and workload requirements.
Furthermore, it should be added that the agnostic cloud offers high availability thanks to its many technical components.
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