Perpetual Ownership
While cloud-based microfinance solutions are gaining popularity, perpetual licenses based on-premises core microfinance depolyments continue to be a preferred choice for institutions that require enhanced control, security, and customization.
Data Control and Security
Institutions retain complete ownership and control over their data, ensuring compliance with stringent data protection regulations.
Regulatory Compliance
On-premises deployments help financial institutions comply with jurisdiction-specific regulations that may restrict cloud usage for sensitive financial data.
Customizable Infrastructure
On-premises solutions allow institutions to tailor their system architecture to meet specific operational needs and regulatory requirements.
Integration with Legacy Systems
Many financial institutions have existing legacy systems that require seamless integration, which is easier to achieve with an on-premises setup.
High Performance and Low Latency
Since all processing happens locally, on-premises solutions provide faster transaction processing and reduced latency compared to cloud-based alternatives.
Enhanced Security Measures
Organizations can implement their own security protocols, firewalls, and access controls to protect sensitive financial transactions from external threats.