Kubernetes is Helping Financial Institutions Capitalize on the Hybrid Cloud

Kubernetes is Helping Financial Institutions Capitalize on the Hybrid Cloud

The pandemic has magnified the importance of financial technology, or fintech. Whereas online banking applications, for example, used to be a helpful convenience, today the entire banking experience is expected to be accessible from a mobile device. This isn’t just specific to banking: similar institutions—such as those whose services relate to credit cards, taxes, payments, and investments—must successfully navigate digital transformation if they hope to offer competitive products and experiences.

Developing and delivering on-demand financial services requires cutting-edge digital tools. One of these is Kubernetes (K8s), an open-source means of automating the deployment and orchestration of containers. This technology virtualizes operating systems and permits software packages to run smoothly across devices, locations, and clouds.

By operationalizing containerization with Kubernetes, financial institutions can offer customers a seamless experience, automate savings, focus on innovation, and secure customer data.

Empower customers with a seamless financial experience

The COVID-19 pandemic has underscored and accelerated a number of preexisting trends in the financial sector. When it comes to banking, for instance, consumers are visiting physical branches less and less often, instead opting to manage their finances from the comfort of their own homes or from other remote locations. Banks have thus needed to scale their operations to give customers a frictionless experience from wherever they happen to be logging in. Other businesses, such as those that provide digital entry points to stock or cryptocurrency trading, face similar challenges, all of which require flexible and secure application solutions.

Imagine that you are trying to split a dinner bill using a mobile payment app. Your trust in this platform might be shaken by any perceived friction; unexpected wait times, for example, could lead you to think that there’s been a security breach or that the wire has failed. Thankfully, Kubernetes can ensure that such applications perform reliably by eliminating compatibility and traffic issues. This enables front-end users to consistently connect with back-end services, making transactions swift and secure.

Behind the scenes, Kubernetes allows companies to establish a network across the cloud. Doing so permits them to collectively harness offices, data centers, and customer-service hubs to support customers seeking to grow their financial portfolios. Whether firms are running their core application architectures on public, private, or hybrid clouds, K8s guarantees that consumers can make savvy financial decisions at the drop of a hat.

Automate savings and innovate with ease

Kubernetes also enables financial institutions to streamline their application orchestration and unlock considerable savings. For example, most companies in this space have legacy infrastructure that supports business-critical functions. Given that container technology requires fewer computing and hardware resources, a cloud-smart approach based on K8s can reduce costs by lessening the processing burden carried by this infrastructure.

The financial industry can supercharge its move to the hybrid cloud with Diamanti, which offers a Kubernetes lifecycle management platform. In addition to centralizing application management on a single interface, Diamanti’s K8s platform simplifies process automation, such as the spinning up of containers to meet demand. During periods of heightened stock or crypto trading, for instance, application deployment can be set to scale up and down as traffic fluctuates.

Diamanti’s platform also carries significant operational benefits. By facilitating access to and use of containers on the hybrid cloud, Diamanti gives organizations the flexibility to declutter DevOps workflows and improve productivity. Whether partners are working on-premise or in a cloud environment, process automation frees them to develop, test, and quickly move innovative financial services to market.

Secure your most valuable asset: data

In the realm of fintech, information is money. Companies and customers alike are rightly concerned with the security of their data, as the increasingly digital world of finance carries with it the risk of breaches, fraud, and theft.

Diamanti’s K8s platform can shore up trust in financial institutions’ data stewardship. By taking advantage of Diamanti’s cloud-native approach to data protection, businesses can rest assured that every bit of their financial information is backed up and recoverable. This, coupled with the extra layer of comprehensive application security provided by the platform, facilitates the task of providing customers and regulators with transparent, segmented data access.

Finally, Kubernetes allows financial services companies to capitalize on their data by making informed decisions and projections. The Diamanti platform excels in this regard thanks to its built-in analytics pipelines, which automate data storage, simplifying visualization and informed decision making.

The finance industry is well known for its innovative data-driven decision-making. A Kubernetes platform built for the cloud supplies the infrastructure the industry needs to maximize the value of information and propel its customers into the digital future