{"id":15685,"date":"2021-06-17T13:48:32","date_gmt":"2021-06-17T11:48:32","guid":{"rendered":"https:\/\/www.intellias.com\/?p=15685"},"modified":"2023-06-15T12:11:13","modified_gmt":"2023-06-15T10:11:13","slug":"devops-in-finance-best-practices-and-case-studies","status":"publish","type":"blog","link":"https:\/\/intellias.com\/the-pros-and-cons-of-ci-cd-for-fintech\/","title":{"rendered":"DevOps in Finance: Best Practices and Case Studies"},"content":{"rendered":"
The financial services sector has had a mixed relationship with DevOps. Denial \u2014 No, it\u2019s impossible<\/em>. Anger \u2014 Why is it that everyone but us can do it?!<\/em> Bargaining \u2014 Okay, maybe we should at least try CI\/CD?<\/em> Depression \u2014 No, we are not making enough progress.<\/em> And, finally, acceptance \u2014 Yes, the financial sector can do DevOps and do it well!<\/em> <\/p>\n Financial businesses can do DevOps so well, in fact, that State of DevOps Report<\/a> by Puppet and CircleCI ranked financial services among the leaders in DevOps practice maturity, alongside tech industry players. <\/p>\n Indeed, many FinTech and traditional financial companies have made admirable progress in DevOps adoption over the years. Because they are similar to tech players, companies in the financial sector have similar IT demands and constraints:<\/p>\n The difference is that many tech companies (at least the cloud-born ones) have headroom because they are starting from scratch. Traditional financial institutions have the baggage of legacy infrastructure as well as cultural resistance, which may slow down transformations.<\/p>\n But the twenty twenties look to become decisive for plowing ahead with DevOps adoption<\/a>. We can now observe the financial sector more and more utilizing AWS platform potential to build new capabilities and deliver meaningful business value. While doing so, the organizations have to balance their existing processes, systems, processes, and toolset in combo with the AWS DevOps culture of transformation while innovating at speed of market demands.<\/p>\n According to the Atlassian Survey 2020 \u2013 DevOps Trends<\/a>, 99% of respondents say DevOps has had a positive impact on their organization. That\u2019s a not-so-surprisingly nearly unanimous result. <\/p>\n At this point, the benefits of DevOps are well-described: <\/p>\n Ultimately, the promise of DevOps for finance is that it will help your software teams get better at what they do \u2014 writing, testing, securing, and integrating new code \u2014 through better processes and supporting tools.<\/p>\n So why now for DevOps?<\/p>\n In one buzzword \u2014 digital transformation. Amidst the pandemic, many financial companies had to triple down on their digital service to meet consumers\u2019 shifting preferences. Frontend transformations<\/a> such as digital account opening<\/a>, KYC, mobile banking, online customer support, and self-service had to be done fast. <\/p>\n This major push for a better digital customer experience (CX) has had a ripple effect on backend systems and supporting IT processes.<\/a> A growing digital footprint, stretching through on-premises software and the cloud, requires better cadence for managing new deployments, target infrastructure, and legacy cores integrated with new digital add-ons. <\/p>\n\n
Why DevOps in finance is a priority <\/h2>\n
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