While India’s banks are formerly catching up with global best practices, they have made significant progress in the last ten years. With all of this to their advantage, they are now poised not merely to rank among the most innovative banking institutions but also to leapfrog them. To compete successfully, banks are now making technological changes, as well as how inventive leaders are thinking, strategizing, and investing in technologies like Kubernetes.
Banks that are more adaptable foster a culture that supports constant change. The agility required to swiftly adjust to changing consumer needs involves open banking – the process by which banks collaborate in an open environment to produce new services – with both customers & partners. A huge part of open banking is making the best use of technology to create microservices instead of monolithic solutions. An environment that allows them to be reused as building blocks for the next program helps develop microservices effectively.
The pandemic heightened the role of financial technology, i.e., fintech. Online banking apps were once a useful convenience; however, users now expect a full banking experience available via a mobile device. This isn’t limited to banking. Other related organizations, such as those offering credit cards, taxation, payments, and investments, must effectively traverse digital transformation too if they want to offer competitive services and experiences.
Creating and providing on-demand financial services necessitates the use of cutting-edge digital tools. One of them is Kubernetes (K8s), an open-source tool for container deployment & orchestration. This technology provides virtual operating systems and allows applications to operate seamlessly across systems, locations, & clouds.
Banking institutions can provide a smooth experience to consumers, automate savings, invest in innovation, and safeguard customer data – by operationalizing containerization using Kubernetes.
When deploying containerized apps, the agility, scalability, and quantum leap in user experience are critical to addressing the demands of banks today. Kubernetes container-based orchestration is the ideal choice for financial services institutions, whether in private, public, or hybrid cloud. Regardless of the industry – commercial, retail, or investment – Kubernetes enables banks to deploy containerized apps with architecture centered on microservices, API-first, cloud-native, and headless (MACH).
Empowering customers with a smooth financial experience
The pandemic has highlighted and amplified several pre-existing banking industry tendencies. When it comes to banking, for example, people are increasingly avoiding physical branches in favor of managing their accounts from the comfort of their homes or other remote places. Banks have consequently had to grow their operations to provide clients with a seamless experience regardless of where they check in. Other organizations, like those that offer digital entry points to stock or crypto trading, confront similar issues, necessitating adaptable and secure programs.
Kubernetes enables businesses to build a network over the cloud. This enables them to leverage offices, data centers, and customer-service hubs to assist consumers looking to increase their financial portfolios. K8s ensure that customers can make sound financial decisions, regardless of whether companies operate their core program architectures on private, public, or hybrid clouds.
Automation and innovation
Kubernetes also helps financial institutions to simplify app orchestration and achieve significant cost reductions. For example, most organizations in this market have legacy systems that serve business-critical services. Because container technology uses fewer computer and hardware resources, a cloud-smart solution based on K8s can save expenses by reducing the processing load borne by this infrastructure.
Containerization and K8s reduce costs by assisting banks in developing, running, and managing cloud applications across various environments. They also provide agility and dependability, as well as quick deployment and upgrading of applications.
Data security
Information is money in the world of fintech. Customers and businesses alike are rightfully worried about data security since the growing digital world of banking involves the potential of breaches, theft, and fraud.
Kubernetes enables financial services companies to make smart judgments and forecasts based on their data. It has built-in analytics pipelines that streamline data storage, simplify visualization, and allow for more informed decision-making.
The finance industry is widely renowned for its data-driven decision-making that is creative. A cloud-based Kubernetes platform provides the infrastructure required by the industry to maximize the value of information and move its customers into the digital future.
Enhanced developer productivity
Kubernetes accelerates application development, testing, and deployment. Furthermore, developers do not need to be concerned that an application that functioned fine on the local system would not operate in another environment. The container will run in any environment and may start and stop rapidly, allowing applications to expand to any size. All of this minimizes friction in the development of corporate apps.
Containerization & Kubernetes are critical in this context since they are ideal for the microservices environment. As a result, this is perfect for the frequent and quick release of apps and functionality inside big, complicated applications. In today’s competitive world, such competence is critical.
Best practices while moving to Kubernetes
- Rehosting – the process of migrating a web service or application to a Kubernetes cloud infrastructure without making major changes or optimizing the application. This approach provides a substantially quicker and much less resource-intensive migration tool.
- Containerization – the process of splitting services into separate containers and pods, as well as separating distinct functions into separate containers. Because apps must be adapted to a container-based cloud environment coordinated by Kubernetes, containerization demands more resources than re-hosting.
- Refactoring – involves rewriting the app as well as the services that support it into a MACH architecture that deploys on Kubernetes.
Why Kubernetes?
Banks must stay up with customer demand by providing real-time customization, fast scalability, and rapid reaction to emerging security threats—all of which are impossible to fulfill with traditional on-premise systems. Containerization is safe because programs and data are ‘contained’ within a task and are not accessible until explicitly enabled—there is no way for one container to influence another. Despite the benefits, containers are difficult to control and track individually, as well as across numerous cloud platforms. Container orchestration addresses this issue by automating container management and tracking.
Kubernetes is widely regarded as the ultimate standard in container orchestration, enabling simple organization, deployment, and scalability.
Kubernetes’ container-based orchestration framework provides great flexibility in constructing a bank’s cloud infrastructure. Kubernetes seamlessly conducts tasks on the private or public cloud, regardless of the kind of bank (retail, corporate, investment, or others). It enables teams to simply shift existing workloads and generate new ones, which is very useful in a service-oriented architecture.
When properly deployed, Kubernetes assists banks in developing, running, and managing cloud applications across different environments, enabling agility and dependability in an on-premise environment. The use of Kubernetes also enables rapid application deployment and upgrading, as well as optimum resource consumption.
Final Words
Companies use microservices to break down huge monolithic programs into little components, which they then bundle and deliver independently. These microservices make apps more flexible, scalable, and robust, as well as allowing you to update, adapt, and redeploy them more quickly. This is where platforms like Docker and Kubernetes come in to aid businesses.
Kubernetes has grown like wildfire in the market, with more and more enterprises adopting it each year. Many big corporations have already begun to use Kubernetes in large-scale production. Docker, on the other hand, is a fantastic piece of technology that has experienced an incredible acceptance increase over the years. This is the reason for the astounding demand for Docker and Kubernetes around the globe, as organizations worldwide are integrating these two major platforms for their containers & microservices.
Learn Kubernetes online and enhance your career
Get certified in Kubernetes and improve your future career prospects better.
Enroll in Cognixia’s Docker and Kubernetes certification course, upskill yourself and make your way towards success & a better future. Get the best online learning experience with hands-on, live, interactive, instructor-led online sessions with our Kubernetes online training. In this highly competitive world, Cognixia is here to provide you with an immersible learning experience and help you enhance your skillset as well as knowledge with engaging online training that will enable you to add immense value to your organization.
Our Kubernetes online training will cover the basic-to-advanced level concepts of Docker and Kubernetes. This Kubernetes certification course offers you an opportunity to take advantage of connecting with the industry’s expert trainers, develop your competencies to meet industry & organizational standards, as well as learn about real-world best practices.
This Docker and Kubernetes Certification course will cover the following –
- Essentials of Docker
- Overview of Kubernetes
- Minikube
- Kubernetes Cluster
- Overview Kubernetes Pod
- Kubernetes Client
- Creating and modifying ConfigMaps and Secrets
- Replication Controller and Replica Set
- Deployment
- DaemonSet
- Jobs
- NameSpaces
- Dashboard
- Services
- Exploring the Kubernetes API and Key Metadata
- Managing Specialized Workloads
- Volumes and configuration Data
- Scaling
- RBAC
- Monitoring and logging
- Maintenance and troubleshooting
- The ecosystem
Prerequisites for Docker & Kubernetes Certification
- Basic command knowledge of Linux
- Basic understanding of DevOps
- Basic knowledge of YAML programming language (beneficial, not mandatory)
