Banking software news: you have to run to stay in the place

SafeValue must use [property]=binding: Bet you never thought that Alice In Wonderland’s situation could be a reality in the banking software development of the 21 century.  “My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that,” says Queen of Hearts, and they start to run.  Something like this decided to do the developers from the GFT and Thought Machine. They used the Amazon Web Services (AWS) to create the new solution for the cloud digital banking BankLite:

• Clients can create and deploy a cloud-based digital bank faster than ever before;
• It is modular, which enables rapid creation and deployment of a cloud-based, digital banking entity;
• Only 12 weeks or less are needed to c deploy a production-ready virtual bank for customers and accounts management;
• Technological solutions provide dynamic scalability, consistent quality, security, and reduced operating cost;
• Integration of all technological levels to reduce risks.

The BankLite capabilities look very impressive. Many experts predict a happy future for him. Despite the significant number of competitors, the BankLite promises to be one of the industry’s leaders.  Betting on the usage of only new technologies fully justified itself. Modular structure and a new cloud-native asset enable modern core banking providers to supercharge their solutions’ capabilities. BankLite was built around Vault, a platform created from scratch ground up around APIs using a microservice architecture. Developers did their best to create a coherent design to integrates smoothly the whole system. It’s a universal product - it can run any retail bank product. Such giants as  Lloyds Banking Group, SEB, Standard Chartered, and Atom Bank are Vault users. The Queen of Hearts would be delighted with the modern application of her rule. Undoubtedly, GFT and Thought Machine manage to run twice as fast as their competitors. What can this teach third-party developers? What can we conclude from this? Above all, we must use as many new technologies as possible, rely on a modular structure, and make quick decisions. (see http://g.co/ng/security#xss)