Technology Director , Sydney, Australia
Kubernetes is Greek for ‘helmsman’… your guide through unknown waters.
Since its introduction in 2014, Kubernetes has become the standard platform for building cloud-native applications . It’s a proven infrastructure for distributed systems to build and deploy reliable, and scalable distributed systems.
Kubernetes provides businesses with the tools they need to move quickly while remaining available.
It does this through:
These ideas all interrelate to radically improve the speed with which firms can reliably deploy new software – and this is a game-changer for financial services. Like a lot of highly regulated industries, banking customers demand seamless, secure and personalised changes across multiple digital channels, whilst also expecting resilience and 24/7 availability.
Kubernetes automates the deployment, scaling, and management of containerised applications, leading to a number of significant benefits for financial institutions:
For example, a leading US bank currently uses Kubernetes to power its core banking applications. As a result, they’ve witnessed a significant increase in developer productivity and reduced time-to-market for new features. Additionally, Kubernetes has helped them optimise resource utilisation, leading to substantial cost savings.
Meanwhile, an Indian bank has been using Kubernetes containerization to enable them to efficiently handle vast amounts of data and computations – ensuring smooth functioning of the Indian financial ecosystem.
Other key use cases of Kubernetes include:
Fraud detection and risk management: Kubernetes facilitates the deployment of microservices for fraud detection, enabling faster analysis and threat mitigation.
Personalized customer experiences: Financial institutions can leverage Kubernetes to deliver customized experiences through mobile and online banking platforms, whereby containerized microservices can be deployed to cater to individual customer needs and preferences.
Regulatory compliance: Kubernetes can be used to manage compliance workflows and ensure applications adhere to industry standards.
Kubernetes is no longer a "nice to have" for financial institutions – it's strategically necessary. By embracing containerisation and orchestration with Kubernetes, financial services firms can achieve the customer and regulatory requirements needed to thrive in the digital age. This means that, as the industry continues to evolve, Kubernetes will play a pivotal role in shaping the future of finance.
Michael is a practice leader across Cloud , Digital and Software engineering practices in our Sydney office and has worked in APAC, North America and EMEA over the last 30 years for companies like Google, Oracle, DXC and Johnson and Johnson prior to joining Synechron. He has both an Engineering Degree and MBA and has worked as a software developer, enterprise architect, systems administrator, cloud platform engineer and project manager across many large complex modernisation and migration projects.
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