There has been a great deal of talk about the need for capital markets to invest in technology. Leveraging better technology can increase flexibility, improve performance, reduce operational risk, and lower costs. Firms want to minimize the number of different technologies that are in play, aiming to lower costs and improve resiliency. They want to be able to upgrade functionality with minimal operational or organisational interruption in their daily workflow and to avoid punitive project costs. Firms that make good choices and manage their technology will be in a significantly better position in terms of operating costs and their ability to measure and manage risk.
So how can firms construct scalable, next-generation technology building blocks to respond to the pressures of today and be flexible enough to adapt to the world of tomorrow? In today’s innovation environment, large global enterprises have completely rethought how they build and deliver software, using bleeding-edge technology. This new-age design philosophy is called microservices, a direction that will fundamentally reshape the structure of risk technology.