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Beacon is more PaaS than SaaS from what I've seen, but it's all very neatly integrated and they even wrote their own compute scheduling engine. The data model i

• bostik 2y ago
  > Beacon is more PaaS than SaaS from what I've seen You are correct. (Full disclosure: I work at Beacon.) Financial institutions are extremely sensitive about where their data is held, processed, stored and/or sent to. Some of it is just basic corporate governance ("we do not like the additional risk"). Some you could lump in with secrecy and competitive edge ("this is our secret sauce, no way are we going to let anyone else get it"). Some is driven by regulations ("we hold/process highly sensitive financial and personal data on individuals, sending it to a third party is a huge no-no"). And some is just garden variety contract obligations. [Note that I intentionally chose to omit any consideration for "plain" security. In this industry that can get political.] Where data governance/sovereignity is concerned, the term "SaaS" is commonly understood as: "send data to a third party, get results back". You can imagine how well that plays with any data an institution considers precious.