A world-renowned bank’s CEO was recently quoted as saying that while there are thousands of manual banks now, the future will see only a handful of digital banks. Along with the rest of the world’s critical business sectors, an overwhelming number of banks are also shifting to virtual platforms. This migration is being orchestrated by […]
Open Banking Shouldn’t Be Open Season on Your APIs
Open banking has become the latest technological advancement for financial services applications that’s modernizing the industry. For instance, Mastercard recently began its Start Path Open Banking program, which provides select startups the opportunity to use Mastercard’s expertise while learning how to apply open banking to their own business. Open banking is creating new opportunities for […]
How Developers Can Handle the FinServ Data Deluge
A decade ago, if you were to ask developers what the biggest challenges in commercial banking were, they would likely cite the difficulty of accessing and collating high-quality data on the day-to-day operations of banking institutions. Today, that’s completely changed. Or it has to some extent, at least. Developers working in the banking industry certainly […]
FinConDX: The State of DevOps in FinTech
The FinTech space has grown dramatically this year as more consumers shift their financial transactions online due to the COVID-19 pandemic. Financial services companies are learning how to ship better code, faster by adopting DevOps methodologies. DevOps helps companies develop fast, fail fast and learn fast so they can fulfill customer expectations and deliver quality […]
Why Banks Must Ditch the ‘Build vs. Buy’ Mentality and Embrace a Platform Approach
The past decade has seen digital transformation change nearly every aspect of our lives, and banking has proven no exception. Indeed, proprietary data from Avoka shows that in mid-2017, mobile overtook desktop as the most popular channel for applying for new deposit accounts at one top 10 U.S. bank. Banks have accordingly ramped up their […]
Simplifying Through DevOps in Banking
There are a great many assets available on the internet that talk about what DevOps is and how far DevOps adoption has come. So we will not repeat the “what” and the “how far.” Instead, we will focus on the road ahead and future of simplification and transformation at banking organizations and the role DevOps […]
DevSecOps: Critical in Building the Bank of the Future
It is no secret that change in a large organization can be difficult. This is often true within banking, an industry that often has sought predictably instead of agility in software delivery. However, with the right tools, guidance and teams, creating a bank that can be both complaint and responsive may be more attainable than […]
Why Open Banking Should Consider DevOps
There is a craze sweeping Europe, and rippling across the world—and no, I’m not talking about the next British Invasion. Open banking is a trend that’s significantly altering how banks work with fintechs and maintain agility in the global marketplace. A main enforcer is PSD2, a piece of EU legislation that sanctions access to personal […]
Bucking Bank Bureaucrats: From Convergent Thinking to Divergent Doing
As customers, longstanding and new, the way we interact with banks and manage our personal spending, borrowing and saving is experiencing drastic change. New digital offerings in the form of apps and online banking show commitment to customer centricity, but overall, banks are slow to adapt to the pace of change. The vast majority of […]