To compete in the digital age, banks and
other financial institutions need a scalable and flexible IT infrastructure that enables agility and speed. As a result, many companies have launched programs to modernize their technology.
Sales and trading processes at investment banks has been mostly impacted by the digital age.
However, the “incumbent’s dilemma” of having a whole host of issues related to legacy infrastructure affects many banks.
Can APIs Be The Answer?
APIs can also serve as a bridge between both modern and legacy systems that may operate at different speeds.
In a world where success depends on how efficient your business can exchange the information, and connect online with customers, other businesses, distant geographies, or just a different part of your own organization, APIs have become an ultimate silver bullet.
But
Despite the promise of an expansive digital future, many companies have failed to deliver the value they initially expected from APIs.
INCORPORATION OF APIS WITHOUT A THOUGHTFUL STRATEGY AND APPROPRIATE TECHNOLOGY TOOLS AND SKILLSET HAS CREATED A MESS, POOR DEPLOYMENT, AND MAINTENANCE PRACTICES THAT HAS ALMOST CANCELED OUT MANY OF THE POTENTIAL BENEFITS
Softserve Solution
SoftServe's Anthos Architecture Lab developed an API tool that can be used for investment bank trade execution. The API simplifies and accelerates the management and modernization of the app.
SoftServe leveraged Google Anthos Cloud’s application modernization platform for hybrid cloud environments. This consists of a packaged and integrated set of cloud-native tools and services, based on leading open source technologies, for optimization on both on-premises and in public clouds.
Banks can keep their regulated PCI DSS workloads on-premise secure according to regulations, while able to run non-PCI DSS workloads on cloud, by utilizing on prem data center security. Thus, banks can benefit from cloud scalability, without compromising security.
Features
Benefits
Allows organizations to deploy both virtual machines and container-based applications in GKE on Google Cloud Platform, or on GKE On-Prem within a customer’s data center
Supports both Microsoft Azure and Amazon Web Services
Enterprises can deploy the same application, using the same tool set across multiple public cloud providers.
Faster application development, testing, and deployment
Consistent, unified security policy creation and governance
Streamlined and automated platform operations
Accelerated development velocity and improved app dependability
Consistent experience for developers, security professionals, and operations teams.