DevOps for Financial Services Firms

Introducing Agility, Control and Efficiency into the Capital Markets IT Environment

GreySpark Partners presents a report that provides financial services firms with guidance on how to introduce automation and flexibility into their daily operations to remain competitive within the industry. After the financial crisis, it became evident that institutions need to become stronger, more risk resilient and technology-savvy to curb industry-wide risk and market abuse and to foster transparency.

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The DevOps approach requires the merging of IT and software development teams to create a symbiotic, synchronised work pipeline that incorporates increased communication, flexibility and transparency. Crucially, DevOps automates myriad manual processes, allowing software creation and maintenance to become commonplace, automated functions that are self-monitoring and self-sustaining. GreySpark believes that this automation provides financial services firms with numerous benefits, including the faster delivery of products to market, improved responsiveness to shifting business priorities, lower costs and increased data and program flexibility.

For financial institutions to take a full systems- and operations-wide technological DevOps approach will be challenging and time-consuming as many remain wedded to their complex legacy technical architecture and operations hierarchies. Lingering concerns over cost, security and regulatory compliance pose additional challenges. However, GreySpark believes that these challenges are ultimately surmountable and should not prevent firms from beginning DevOps implementation and integration and reaping the operational benefits. Approaching DevOps integration as an evolutionary process by starting integration on a small scale will help financial services firms ensure its correct implementation within the organisation.

DevOps for Financial Services Firms – Table of Contents

  • 1.0 DevOps: A Leap Forward
    • 1.1 DevOps: Evolving Agile Operations
  • 2.0 Benefits for Financial Services Firms
  • 3.0 Anatomy of DevOps Best Practices
    • 3.1 Continuous Integration, Continuous Deployment and Automated Testing
    • 3.2 Immutable Infrastructure and Infrastructure-as-Code
    • 3.3 Containerisation and Virtualisation
    • 3.4 Configuration Management and Version Control
    • 3.5 Monitoring
  • 4.0 DevOps and Symbiotic Technologies
    • 4.1 Cloud Technology
    • 4.2 Open Source Software
    • 4.3 Microservices
  • 5.0 Overcoming Challenges to DevOps Adoption for Financial Services Firms
    • 5.1 Overcoming Legacy Attitudes, Legacy Systems and Siloed Structures
    • 5.2 Security Risk
    • 5.3 Tooling
    • 5.4 Segregation of Duties and Concerns
  • 6.0 DevOps: A Holistic Approach
  • 7.0 Appendices
    • 7.1 Glossary of Terms
    • 7.2 Table of Figures