Platform as a Service (PaaS)
Platform as a Service (PaaS) allows financial institutions to acquire pure infrastructure which can then be used to create and run any applications as services. You do not need to think about administering the servers or associated network and can focus completely on the value added applications that you deploy. PaaS facilitates development, testing, implementation and ongoing maintenance of applications, without the cost for infrastructure and software environments.
Platform as a Service provides execution runtime, database and web servers, development tools, and offers the following benefits:
- higher scalability
- reduced costs for hardware maintenance
- higher availability (if one app service is down, users will be able connect to another one)
- lower demands on network latency
Using a Platform as a Service, you can maintain a lean IT department, as the global IT administration remains predominant, and you operate in a maintenance-free environment. Thus, PaaS frees up resources for the core business of your company.