5 strategic benefits of cloud-native development for banking

The banking industry, like many others, continues to undergo a cloud-based digital transformation. Moving faster and quickly adapting to change is necessary for success. An implementation approach that is faster, more agile, and scalable is crucial to creating experiences that can be more easily deployed, helping to achieve business priorities and satisfy customers.

The promise of cloud deployment relies on new methodologies and processes. Cloud-native application development features a service-based architecture using microservices, containers, and application programming interfaces (APIs). Organizations can break down unwieldy, monolithic applications into discrete components, each of which can then be built, scaled, and maintained independently. The benefits include faster time to market, enhanced and continuous solution development, greater collaboration between teams, and built-in flexibility to more easily comply with regulations.

Building a cloud-native development organization

Choosing the right cloud-native development platform can help banks quickly deliver applications without sacrificing quality, reliability, or security. Continuous delivery approaches automate quality testing at every step of the process, rather than waiting until late in the development cycle or having to retest when the cloud infrastructure changes.

Red Hat® OpenShift® Platform, combined with our cloud-native integration and automation technology, creates a foundation of enterprise open source software technologies that empower developers to design, develop, deploy, and integrate cloud-native applications across any cloud infrastructure. Our container platform supports banks in their cloud journey, introducing a modern DevOps methodology while providing the flexibility to build and run scalable applications regardless of environment.