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Review Papers | Computer Science and Information Technology | United States of America | Volume 12 Issue 5, May 2023
Kubernetes Infrastructure and Its Usage in a Banking System
Anirudh Mustyala [3] | Karthik Allam
Abstract: In a banking system, Kubernetes infrastructure plays a vital role in several key areas. Although banks have been slow to adopt best practices witnessed in other industries, they have made huge strides in the last decade. They are heavily investing in emerging technologies and are now positioned to rank among the most pioneering organizations. In addition, banking institutions are leveraging advanced cloud solutions to make drastic technological changes to remain competitive. With innovation being a primary consideration for most banking customers, inventive leaders drive this technological change by continually strategizing, investing, and adopting technologies such as Kubernetes. Furthermore, financial technology (fintech) institutions must facilitate a constantly changing culture. Specifically, banks need to embrace a culture that provides the agility to meet constantly changing consumer needs, which primarily involves open banking. It is a process where financial institutions collaborate with partners and customers to produce innovative financial services. A significant part of successful open banking processes is leveraging technology to develop microservices instead of monolithic products. Moreover, recent global events like the COVID-19 pandemic have increased the role of fintech. For example, while consumers once considered online banking systems and applications highly convenient, they now expect financial organizations to provide a full banking experience accessible via mobile devices. 93% of millennials use mobile banking today as the preferred choice. Hence, it is now critical for institutions that provide services such as investments, taxation, credit cards, and payments to traverse technological transformation to remain competitive effectively. In other words, banks must use cutting-edge technological solutions like Kubernetes to provide on-demand financial services. Kubernetes is an open-source solution for deploying and orchestrating containers.
Keywords: Fintech, Containerization, Infrastructure, Scalability, Elasticity, High Availability, Fault Tolerance, Security, Disaster Recovery, Business Continuity
Edition: Volume 12 Issue 5, May 2023,
Pages: 1508 - 1512