Integrating Cloud-Native Solutions in Financial Services for Enhanced Operational Efficiency

Abstract

In an industry marked by fast technological advancement and strict regulatory demands, the incorporation of cloud-native solutions in financial services has become a crucial approach for improving operational efficiency. Cloud-native architectures, which are specifically designed to use the complete functionalities of cloud computing environments, provide substantial benefits compared to conventional on-premises systems. This study investigates the ways in which financial institutions might use these benefits to attain enhanced agility, scalability, and cost-efficiency.

Cloud-native solutions are constructed by using microservices, containerisation, and continuous integration/continuous deployment (CI/CD) methodologies, offering organisations the ability to build applications with greater speed and efficiency. Through the use of these technologies, financial services companies may enhance their capacity to adapt to market fluctuations, optimise their information technology infrastructure, and refine their operations. Microservices enable the creation of modular application aarchitecture, which simplifies adjustments and maintenance processes while minimising periods of system unavailability. Containerisation, using infrastructure such as Docker and Kubernetes, improves the efficient use of resources and ensures consistent operation in various settings. Continuous Integration/Continuous Deployment pipelines optimise development cycles by facilitating regular upgrades and expediting the release of new features.