INNOVATING PERFORMANCE ENGINEERING APPROACHES WITH CLOUD COMPUTING SOLUTIONS AND MICROSERVICES DESIGN IN BANKING AND FINANCIAL SERVICES

Abstract

In an era where agility, scalability, and reliability define success, the banking and financial services industry stands at a crossroads. Traditional application architectures, once the backbone of financial technologies, are increasingly proving to be liabilities rather than assets. This study delves into the transformative potential of cloud computing and microservices design in redefining performance engineering within the sector. By dissecting the symbiotic relationship between these technologies, we illuminate their collective impact on the operational and service delivery paradigms of financial institutions. This exploration aims to offer a comprehensive understanding of cloud and microservices-driven innovations in banking, highlighting the trajectory toward enhanced performance, efficiency, and adaptability.