Financial institutions must choose between cloud,on-premises,or hybrid communication systems—a decision that impacts cost,security,and agility.Here’s a detailed comparison to guide your choice.
Cloud Deployment:Flexibility and Cost Savings
Cloud VoIP(hosted on AWS,Azure,or Redstone’s cloud)offers:
-Lower Upfront Costs:No need to buy servers—pay monthly for users/features.Ideal for SMBs or fintech startups with limited capital.
-Rapid Scaling:Add users or branches in hours,not weeks.Useful for banks expanding into new markets.
-Automatic Updates:Vendors handle patches and upgrades,reducing IT workload.
Best For:Institutions in regions with lenient cloud regulations(e.g.,U.S.with FedRAMP,Singapore with MAS approval)and those prioritizing agility.
On-Premises Deployment:Control and Compliance
On-prem systems(servers installed at your location)provide:
-Full Data Control:Critical for regions with strict data sovereignty laws(e.g.,China,Russia,Saudi Arabia).
-Customization:Tailor the system to unique workflows(e.g.,trading desk communication protocols).
-No Reliance on Internet:Less vulnerable to cloud outages or poor connectivity.
Best For:Large banks,institutions handling sensitive data(e.g.,wealth management),or those in regions with strict cloud rules.
Hybrid Deployment:The Best of Both Worlds
Hybrid models combine cloud and on-prem:
-Core Systems On-Prem:Keep sensitive data(call recordings,transaction calls)local for compliance.
-Non-Critical Features in Cloud:Use cloud for video conferencing,mobile extensions,or international branches.
-Disaster Recovery:Cloud acts as a backup for on-prem systems,ensuring continuity.
Best For:Global banks needing to balance compliance(local data)and flexibility(cloud for remote teams).
Redstone’s Flexible Approach
Redstone supports all three models:
-Cloud:NewLync 2.0 on AWS/Azure with FedRAMP/SOC 2 certifications.
-On-Prem:Hardware appliances(e.g.,REX 8000)for strict regulatory environments.
-Hybrid:Seamless integration between on-prem core systems and cloud-based collaboration tools.
Decision Framework
-Regulations:Does your region require local data storage?(If yes,prioritize on-prem/hybrid.)
-Budget:Can you afford upfront hardware costs?(If no,cloud is better.)
-Growth Plans:Are you expanding globally?(Cloud/hybrid offers easier scaling.)
By aligning deployment with your institution’s needs,you’ll create a communication system that’s secure,compliant,and ready for the future.
Redstone Systems, Inc. founded in Delaware, USA in December 2002, has been the ODM vendor for many well-known communications companies, serving the Southeast Asian market. In 2020, Redstone Systems will begin to return to the North America market with its self-developed brand.
Redstone has a complete product line of intelligent voice gateways, providing IP-PBXs, analog VoIP gateways (FXS/FXO), digital VoIP gateways (E1/T1), border appliances, and session boundary controllers (SBCs).
With advanced technology in digital signal processor (DSP), speech coding and speech processing, as well as efficient operational tools such as cloud remote management, auto provisioning, Redstone gateways are widely used in markets of enterprise communications, cloud communications, call centers, operators’ IMS/SIP trunks, bringing users friendly, efficient and reliable communication experience.
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