![]() ![]() It is easy for us to buy all we can eat, get an enterprise license agreement, and call it good." ![]() ![]() When you have a big company, what does per user mean? If I have a company where I have 40,000 people who will go to access it but only 200 do, how do you license it and who do you pay for? If they hit it once, do you pay for it? The licensing is complex for a big company. It is not for small or medium-sized businesses." The solution's price is high, but it is best suited for enterprise companies that have the budget. "There is a license required to use Mendix.There's also a license model for above three thousand or four thousand, or five thousand internal and external users." If you want a multiple app license to cover two thousand or three thousand users, for example, internal users or external users, then you need to pay for the license. If you are creating a single app, you just need to have a single app license, so it's free. The license model would depend on how many users you have and how many applications you are creating. "Mendix is not open source, but its license cost is cheap, particularly when compared to the Appian license. ![]() But in terms of wanting to have less developers and higher velocity, the total cost of ownership is fine. Fintechs use WaveMaker to transform not only how they build and deliver cloud-native apps, but also transform teams to full-stack development and move more of their software supply chain to customer self-service models-at a fraction of the cost and time associated with traditional development. The platform's ethos is to seamlessly co-exist and integrate with existing tools and frameworks in a typical enterprise, and adhere to modern architectural choices and best practices of modern application development. Developers can create or import their own custom widgets called “prefabs” - that abstract the combination of data, logic, and UI - and democratize development for all to attain maximum efficiency. Wavemaker’s platform provides an integral coding environment for professionals to build enterprise-grade applications with the freedom to deploy to an infrastructure of choice. A copy of the report is available on Celent’s website and can be found here. It evaluates 12 vendors against multiple criteria- features and functions, customer base, technology, and initial installation model. The report acknowledges the rise in low-code adoption and its contribution to creating a competitive edge for banks in the post-pandemic world. WaveMaker democratizes the experience development model by making it composable, fast, easy, and cost-effective for digital engagement platform developers to deliver compelling component-based, customizable and co-existable experiences to demanding customers.” Increasingly, traditional financial services providers are competing with modern, nimble, zero-legacy players, whether fintech or Big Tech or vertical ISVs embedding finance. Vikram Srivats, WaveMaker’s global head of strategic markets, says “ Customer expectations from their mobile or web experiences are already sky high. With the growing backlog of applications to be built, incumbents in the industry are evaluating technology solutions like low-code that offer ways to gain agility in development. The report analyzes the growing demand for digital in banking that is difficult to rapidly build and deliver by traditional IT. WaveMaker, the open low-code platform for professional developers, has been named one of the 12 most significant low-code solutions around the globe, by the research firm Celent in their 2021 Spectrum Report, “Low/No Code Vendors in Banking”. An open and secure enterprise-grade developer jetpack (exclusively) suited for composable experience development of fintech engagement platforms and applications. ![]()
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