David Kovacs
CTO
Shaping the future of finance – Part II: Microservices and Containerisation
an explanation for non-technical mortals
19 August, 2019
The future-shaping power of new technologies
In this series of articles, we focus on four key technologies that are changing the face of the financial industry today. In the upcoming weeks, we are going to devote a separate blog post to each of the following topics that we consider the most influential technologies today in financial services.
1. The tech behind Open Banking and PSD2
2. Microservices and Containerisation
3. Big Data
4. Artificial Intelligence and Machine Learning
There is no denying that the future in financial services will belong to those who understand the tech behind it. This guide will help you to make sure you have a crystal clear picture. In this 2nd part, we will cover how microservices and containerisation shape the future of finance.
2. Microservices and Containerisation
Imagine transferring €1000 to a friend with a banking app. Now imagine how it feels when that app takes minutes to load. Not good. Maybe next time you’d rather pay with PayPal — and that is not something that’s going to make a bank happy. A recent survey of financial institutions found that about…
...85 per cent consider their core technology to be too rigid and slow. Consequently, about 80 per cent are expected to replace their core banking systems within the next five years.
