Financial services has always been a competitive business. With no patents, no proprietary manufacturing techniques and little perceived difference between products on the part of consumers, it’s a tough market in which to differentiate your offering. Good ideas are copied fast.
For decades, that was just the way things were in banking. But in recent years, a new breed of cloud native ‘neo-banks’ have emerged. Without legacy systems to wrestle with, they have proved more agile when it comes to answering customer needs – especially when it comes to delivering new software features. Established banks have been left to play catch-up. Today, whether you’re a recent start-up or a decades-old institution, you need to be able to innovate faster than ever.
Acceleration without compromise
In this white paper, we explore the characteristics of this market in more detail. Using real-life case studies, we explore how the GitOps operating model can help financial institutions bring new features to market faster, without compromising on all critical hygiene factors such as security, stability and availability.
An expanded version of an article first published on The New Stack, the white paper covers the following:
- The characteristics that make the financial services market so competitive
- The challenges facing banks and neo-banks today
- What the GitOps model is and why it’s different
- How the model can help banks and neo-banks innovate faster
- How GitOps helps organizations of all kinds improve their performance against metrics that correlate directly with business success
- The best way to get started
Informed by real-world case studies
The white paper has been informed by years of working closely with enterprise customers in the financial services space. Much more than a theoretical exercise, it draws on knowledge gleaned by the Weaveworks team in designing, managing and consulting on successful GitOps implementations, for customers including:
- Mettle (part of Natwest’s innovation arm)
- National Australia Bank