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API and Microservices Governance in Financial Services — No Silver bullet?
As a developer and an enterprise architect, it is (relatively) easier to understand various technology and stack choices to build Microservices effectively.
But as a CTO or CIO, how would you govern, scale, and ultimately benefit from Microservices based IT organization?
You are going to spend more money and time in the name of modernization. That’s given. But, can a financial services business benefit from it?
A year ago, I read this article, by a FinTech influencer, a very interesting proposition.
Being in financial services and capital markets for large corporations for 2+ decades, I thought to myself this is not practical but obviously there are several gradations of what success means, especially in Banks and need of an inspirational leader like Jeff Bezos to release a manifesto. I highly doubt this could happen to the same extent as with Banks.
This is not to say, Banks are not tech-savvy but Banks are fairly complex, decentralized legacy, and generally not product-focused from top to bottom.
Coming back to reality, I do believe Financial Services has a lot to gain from enterprise governance and by establishing an operating model for Microservices governance, as they move into a Product…
