Finding the Balance: Why FinTech Organizations Need the Hybrid Cloud
Successful FinTech companies are adept at finding the right balance between a range of seemingly contradictory challenges.
To meet high customer demands, their services must be seamlessly available, feeding financial data to the end-user without delay, while at the same time, protecting this information to comply with the industry’s strict regulations. FinTech companies must also choose the right IT infrastructure to achieve the high stability, growth, and innovation needed to compete in this competitive market — despite limited resources.
This is where a Hybrid Cloud Solution can help. The hybrid cloud is a cloud computing model, in which one or more private and public cloud environments are combined and can address all of the challenges that FinTech organizations face.
First, FinTech customers expect a better level of service, compared to traditional banks. A hybrid cloud can meet this requirement, providing a distributed infrastructure that is scalable and reliable, delivering low latency to meet high customer expectations.
Our Elastic Compute Service (ECS) is a key component of this solution, providing fast memory and the latest Intel CPUs to power any cloud-based applications with high performance and low latency. Our Server Load Balancer (SLB) service can also help distribute traffic among multiple instances to further improve the service capabilities of these applications.
Secondly, FinTech businesses need to enable rapid growth but with limited resources. The hybrid cloud not only provides organizations with the required elasticity to scale up and down with no upfront payments, but is also available on a pay-as-you-go basis, without any expensive operational and maintenance costs.
Our Express Connect service also empowers FinTech businesses to expand their hybrid cloud network across geographical zones, providing them with access to high-bandwidth, reliable, secure, and private connections between different environments.
Thirdly, by the nature of their businesses, financial organizations are highly sensitive to service instabilities and data inaccuracies. Using a Hybrid Cloud Solution, if a company’s workload exceeds the limits of the available resources, the additional work can automatically be transferred to the public cloud.
Our Virtual Private Cloud (VPC) solution can also connect different environments, helping financial companies further secure their hybrid network. Our VPC protects the FinTech organization’s core data, copes with service surges and provides fast data synchronization. Alibaba Cloud also offers a comprehensive range of state-of-the-art Security Solutions to further protect this data and ensure its accuracy.
To conclude, an Alibaba Cloud Hybrid Cloud Solution provides scalability, security, flexibility, cost-efficiency, and unlimited storage; helping FinTech organizations survive and thrive in today’s competitive marketplace. Click here to find out more about our solution.