“Can you imagine getting a server for 10 cents an hour? Today, cloud computing has made this a reality,” says Ashok H. Mittal, President and Co-Founder of The Beast Apps. The agile framework of the cloud has enabled many organizations to innovate faster and keep a thorough check on their capex and opex cost structure. However, cloud-enablement in the finance industry still is challenging due to the lack of additional infrastructure needed, the absence of which is hindering their efforts to launch products and solutions quickly into the market. Banks and other financial institutions in general, today face challenges in terms of cost, newer regulations and growing demand of information availability on-the-go. Tackling these challenges is The Beast Apps, a fintech company that provides finance companies, established and entrepreneurs both equally well, with the software infrastructure needed to build, deploy, and deliver innovative products and services to their customers in quick time, in a pay-as-you-go model.
With more than two decades of presence in the finance industry, with trillions of dollars transacted on the platform, The Beast Apps has carved for itself a niche by providing services for trading, market data, and analytics in pre-trade, trade and post-trade processing systems. As an advanced level partner of AWS, the firm leverages the state-of-the-art cloud infrastructure to build a dedicated or shared computing platform for the organizations.
The ADaaS takes care of application delivery for financial institutions, enabling them to focus on building and enhancing their secret sauce
Its Application Distribution as a Service (ADaaS) platform eliminates the infrastructure building challenges by addressing key criteria—authentication, authorization, entitlement, security, ubiquitous delivery in real time, workflow integration and audit trail. The ADaaS enables smooth cloud transition for financial companies running legacy IT infrastructure empowering them to deliver their applications and data in real time in a simple manner. “The ADaaS takes care of application delivery for financial institutions, enabling them to focus on building and enhancing their secret sauce,” says Mittal. Customers can build, test, and deploy finance applications on AWS and Microsoft Azure through The BeastSDK cloud based development platform that allows users to deploy their financial application, securely and safely, in hours and days as opposed to weeks and months.
The Beast Apps offers cloud based Excel integration that allows a financial institution to make their markets and workflow available through an Excel spreadsheet. Excel is a widely known and used tool in the industry. This integration makes workflow integration for clients, a breeze.
The Beast Apps has an innovative collaboration tool that allows market participants to collaborate with each other using any device from anywhere in the world. The collaboration is a compliance driven tool that could culminate in transactions for parties involved. “The Beast Apps provides tools for cloud-based workflow integration helping organizations access markets in real time,” says Mittal.
The Beast Platform empowers customers to build differentiated business model comprising of services, applications, and data in a pay per use model, reaching out to a client base that they have not been able to service before. Additionally, The Beast platform also facilitates digital transition for trading firms by enabling them to build, host, and maintain their entire electronic trading platforms in the cloud.
With a heady mix of the finance industry knowledge and IT expertise, The Beast Apps looks forward to ease the digital transition for financial firms for greater gains through a pay-as-you-go service model. Driven by the zeal to overcome the business challenges, The Beast Apps optimizes its cloud platform to find the missing piece of the puzzle for the finance industry.