From an infosec perspective, as long as the queries are encrypted (with proper TLS verification), that angle is covered (though there are other considerations about data sovereignity etc.).
In terms of response time, that's something you'd need to benchmark for your application - though, given most DBaaSes run in the same major cloud providers are your application, it'll either be the same region or go cross-region via their private backbone, so the latency delta should be manageable. Of course if your app is particularly latency-sensitive for the DB that won't work.
In terms of response time, that's something you'd need to benchmark for your application - though, given most DBaaSes run in the same major cloud providers are your application, it'll either be the same region or go cross-region via their private backbone, so the latency delta should be manageable. Of course if your app is particularly latency-sensitive for the DB that won't work.