Cloud vs On-Prem: What's Best for Financial Institutions?
Should your bank or credit union choose a cloud-hosted intranet or install it on-premise? The answer depends on your IT policies, compliance requirements, and team size. This guide outlines the key differences to help you make the right choice.
Cloud-Hosted Intranets
- Fast deployment, no local hardware needed
- Ideal for smaller teams or limited IT staff
- Automatic updates and off-site backups
- Scalable and accessible from any location
On-Premise Intranets
- Greater control over data and environment
- Required by some IT and security policies
- Can run without outside internet access
- Can support deeper integration with internal systems
Still Not Sure?
Some institutions start in the cloud and later move on-prem. Others prefer a hybrid or self-hosted model. Contact us to explore the right fit for your team, or watch our 5-minute video to see what SimplifyIT looks like in action.