No other industry grapples with the challenges of quickly creating new and more competitive offerings underpinned by digital technologies than the Financial Services Industry (FSI). FSIs are not only in competition with similar firms; they must also compete and win in the market with nimble digital-native competitors.
From ML algorithms for trading and fraud detection to highly engaging mobile banking experiences, technical leaders must leverage technologies that increase the velocity of their teams’ ability to bring innovations to the market.
Tech leaders increasingly look to the speed and agility benefits of Kubernetes as a platform for rapidly creating software innovations. In a recent Futurum study, 56% of application developers stated they have adopted Kubernetes in their application deployments.
In this research brief, Kubernetes as The Platform for Financial Services Innovation, completed in partnership with Pure Storage, Futurum examines the accelerating business and technology requirements of FSIs and how using Kubernetes in applications and software development can aid in meeting these demands and expanding business opportunities.
Key takeaways from Kubernetes as The Platform for Financial Services Innovation include:
- Kubernetes Drives Innovation in FSIs: How financial services institutions (FSIs) are increasingly leveraging Kubernetes to accelerate software innovation, improve agility, and meet dynamic business demands.
- Unified Data Platforms and Compliance: Examine the challenges of managing fragmented data systems in FSIs are addressed through unified data platforms like Portworx, which streamline data consistency, enhance security, and support compliance with regulations like GDPR and PCI DSS.
- Future Trends and Strategic Adoption: Why FSIs must prepare for emerging trends such as edge computing, NLP-based user experiences, and smartphone-driven banking by aligning Kubernetes-powered modernization efforts with long-term strategic goals.
If you are interested in learning more, be sure to download your copy of Kubernetes as The Platform for Financial Services Innovation today.
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Author Information
Mitch Ashley is VP and Practice Lead for the CIO & Technology Buyers and Software Lifecycle Engineering practices at The Futurum Group. A multi-time CIO and CTO with 30+ years leading technical organizations, Mitch built and operated production systems spanning cybersecurity for the U.S. Department of Defense, PKI services for the broadband and 5G industries, SaaS platforms, large-scale telecom and banking systems, and a national broadband network. His work with AI began early, developing expert systems that diagnosed and repaired complex mainframe environments. That operator foundation grounds his analysis in operational consequence, covering the technology buyer's world of software engineering, cybersecurity, DevOps, cloud, and AI.
