Digital Transformation in Finance Industry

Todays finance industry still follows the traditional development workflows such as waterfall which is slow, results in silos, and makes it difficult to bring in new services to customers. Due to the nature of working in silos, many handovers occur between different departments, making things even more challenging. On top of this, taking business decisions for new features are not easy due to not fully embracing a holistic approach that is enabled and encouraged by new methodologies like DevOps.
Adapting new ways of working such as Agile, giving an end to end ownership to developers, empowering them, and educating business people are crucial for transforming the finance industry. Apart from social and cultural changes, applying latest software development methodologies such as working with incremental changes, implementing TDD, and employing Cloud, DevOps, CI-CD principles and practices, and making testable and deployable deliveries are important steps toward the wanted position.

[renuj]

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