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BUSINESS CHALLENGES

Businesses need to constantly adapt to changes in the market in their pursuit of improved customer experience, and to retain their competitive edge.

In order to meet business goals, many companies work with third parties and opt for flexible, scalable and cost-effective technology solutions that can enable improved performance.

LEGACY SYSTEMS

Businesses also face increasing costs associated with deploying and upgrading legacy systems. These legacy systems often have outdated applications that cannot interact effectively with newer technology to enable new features and capabilities.

To address these issues, many digital businesses adopt cloud-based technology as it ensures enhanced performance and reduces costs.

BENEFITS OF MICROSERVICES

Microservices architecture and API implementation are primary areas of focus in order to effectively achieve these objectives.

Microservices enable one large application to be broken down into a set of modular services that function independently, are scalable, and facilitate distinct customer-centric processes based on specific goals. APIs, when properly implemented, lead to greater flexibility and performance, enhancing the financial institution’s brand and efficiency.

Microservices coupled with APIs bring improved speed, security and reliability, and are fast becoming established as best practices for business success.