DevOps In Finance Services — A Modest & Predictable Success

We are living in a quick changing condition where sudden innovative, financial and political changes can happen unexpectedly and where it is important to adjust rapidly to these changes. which is particularly valid in the financial segment also, where there is a more noteworthy need to surpass the desires for clients and give continuous service. This financial business has dependably been among the most innovative interesting and technologically advanced areas of business. These days are the age of the digitized world, where clients need their information to be accessible on the go unlike old times, that is so made with various convenient handy applications and their Personally Identifying Information (PII) like banking card numbers to be kept secure.

So in order to comply with the upcoming competition that are born daily and also to stay competitive on the market the financial industries have now to take advantage of the new and the best practices that are in trend so as to offer end to end uninterrupted and user friendly service to the client by making the best available use of IT technology.

Earlier Waterfall methodologies created an inflexible approach to application development and mounting technical debt. Not only this many firms pursued agile methodologies for development project bringing a digital solution to life quickly often in just weeks, or even days. It leads to incomplete existing operations stack, and to the technical debt.

Now to answer all our needs, DevOps is the solution to it, a modern method of organizing the various software delivery pipelines, the operational workflow, the increasing business process its demand and also ensuring reliability optimizing expenses in turn delivering more value can be achieved by it. DevOps provides a fully agile approach to application development and maintenance keeping to the strict regulation gates. Integrating DevOps in the financial services sector can not only help us to achieve the above-mentioned goals but also has various added advantage such as:

1. Using the principles of Continuous Integration(CI), Continuous Deployment (CD) and provisioning the immutable Infrastructure as Code (IaC) thus ensuring security and compliance.
2. Better collaboration between teams.“You build it, you run it” is one of the main DevOps principles.
3. Automation of daily routine tasks helps in improving operational versatility and infrastructure performance.

The entire service life cycle works together starting from design via the process of development to production operations, maintenance, and support. DevOps is helpful for the adoption of other technologies such as blockchain

Today, a new challenge faced by the finance sector in its day to day operation is to meet the upcoming standards. To be in pace with the upcoming digitalization, many companies are modernizing their back-end systems and processes. Compliance with regulations, alleviating risk for better security and meeting governance requirements also are the factors that lead to software innovation a slow and complex process. Still, during the last few years, the financial services sector is leading the change by adopting latest technologies and modern software delivery practices including DevOps, continuous delivery (CD). Based on the recent report 80 percent of the firms in the financial services sector are already implementing DevOps, 14 percent are trying to do so in the coming 12–18 months period contributing to an overall rate of 94 percent.

CAMS and DevOps

Here’s a good acronym CAMS for defining the implementation of DevOps in true sense.

Culture: Everybody needs to support this vision that DevOps need to be successful and needs to be implemented.

Automation: Automating the tedious or time-consuming tasks and link all used tools together into a single (automated) process.

Measurement: Objective measurements are needed to understand what needs to be automated first and where to improve.

Sharing: To improve ideas within the team and also across the team.

A sense of ownership develops while adopting to DevOps as the team owns the entire life-cycle that means a single team becomes responsible for all aspects resulting in a better quality of the software and maintenance.

Apart from this DevOps is trying to improve and accelerate the most time-consuming processes, are able to deliver every release faster and more reliably. Implementation of DevOps provides a fully agile approach to application development and maintenance while keeping to the strict regulation gates which can be automated to continuously pass and validate. DevOps environment breaks it into smaller sections and automates the process. It is a cultural change allowing organizations to break down the barrier between the development team and the operations team.

SIX — Financial Group is a striking example of a successful DevOps transformation in the finance sector both technically and organizationally.

DevOps usage takes out the security issues before they become a noteworthy risk and scales the IT forms over the entire venture, along these lines enabling a start to finish and enthusiastic pathway to creation. Consistently, more associations are changing to DevOps and not thinking back. The change to DevOps culture may require some investment, however, it will alter the exercises of an association, including monetary administrations.

At OpsLyft, we believe in DevOps as a way to practice engineering. We work with customers to provide state of art DevOps solutions and help them save money their cloud bills. Write to us at contact@opslyft.com, I’m sure we’ll just fit in :)