Hunter  Krajcik

Hunter Krajcik

1623496380

The Benefits Of Serverless for The Banking and Financial Services industry

The financial services industry, like many industries, is currently undergoing a radical shift. In addition to the change to all-digital transactions, customers have come to expect comprehensive services that are able to meet their needs when, where and how they want them. In order to keep up with rapidly changing customer demands and remain compliant with industry regulations, financial services organizations must have the right IT infrastructure and processes in place.

And, as cloud-native—and more specifically, Kubernetes-native—development techniques continue to become the norm, the way developers at financial institutions work must also change, to a cloud-first approach. More and more, implementing a serverless architecture is what makes sense for financial organizations as they continue to transform their focus more on customer demands than IT infrastructure.

Developers working in banking and financial services can help achieve the goals of controlling operational costs, growing the ecosystem and adhering to regulatory standards, which require automation and secure, distributed systems. Let’s look at how the serverless platform can help.

What the serverless platform means for developers

To control costs and adhere to regulatory standards, a smart, more secure and distributed system that is based on a reliable ledger of transactions must be in place. Ideally, this is automated to reduce human error and mitigate the possibility of fraud.

Fintech startups have shaken traditional financial services organizations, and have forced new growth in the ecosystem and partnerships in order to be successful. A transparent system, aided by open source, can help grow the ecosystem.

Serverless is a cloud computing model that acts as a deployment platform. It lets developers focus on the code without worrying about the underlying infrastructure, by automatically scaling based on demand and then being able to scale back to zero while not in use. For developers, serverless mitigates the need for extensive architecture knowledge and responsibilities like management, provisioning, maintenance and, above all, scaling. These considerations allow developers to focus on, well, developing.

Developers in financial services organizations continue to embrace an open hybrid cloud development model, and they do so through the adoption of the Kubernetes platform for the cloud. This has made resource allocation for developers more streamlined and has also flattened the learning curve for first-time users. The combination of Kubernetes and serverless is also flexible and gives developers more options for their workloads. In fact, for mission-critical industries such as financial services, serverless is the next logical step, and can also help the evolution of high-performance cloud computing.

#serverless

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Buddha Community

The Benefits Of Serverless for The Banking and Financial Services industry

Global Recruitment Sourcing Services and Solutions | DK Business Patron

DK Business Patron, one of the most renowned firms in the outsourcing industry has launched its new Global financial research services. This addition to their existing ongoing business ventures will not only open new dimensions of the global market but will also help DK Business Patron to explore different aspects Financial research.

The new Global financial research services department would comply with all the associative services that are linked to finance and research. From asset management support to equity research, DK Business Patron has a team of well-trained managers that are quite capable of providing the desired services to the clients.

The new service shall have a combined package of Investment research, Sell-side research, corporate finance support, asset management support, investment banking support, equity research, financial research reports, and financial analysis. This package is designed keeping in mind all the necessary outsourced investment research services that a client shall require in the long run.

Unlike other outsourcing companies in India, DK Business Patron does not work just to provide services in return for the revenue generated. Rather, it believes in developing a strong client relationship which is possible only by satisfying the clients with its services. Which makes the launch of the new global financial research services another move towards increasing the already built international clientele.

DK Business Patron is an essential component in the outsourcing industry and has been providing outsourcing solutions to numerous clients for more than 8 years. Being a trusted company, DK Business Patron has earned the loyalty of a huge number of small as well as medium scale industries.

Being associated with outsourcing business for almost a decade has given DK Business Patron an upper hand in recognizing and establishing links with the target market. Launching a whole new global financial research services unit will not only help in increasing global connectivity and reach but would also aid in penetrating the outsourced financial research services segment.

Outsourcing financial research services have been in trend in the contemporary era. It not only provides strategic benefits but also helps in cost-saving and risk-sharing. Investments are a crucial part of the business and to find out the most beneficial investment seems to be the trickiest of all.

DK Business Patron claims to deliver services that would not only show tangible growth but would also focus on intangible aspects that lead to prosperity and development. Personnel trained especially to satisfy the customers in each and every aspect that is demanded has been set up in each department of the financial research services unit.

For a long time, India has become the hub of outsourcing services demanded by offshore clients. DK Business Patron has been one of the leading service providers in India for more than 8 years. Being situated in Delhi has given the firm required modernity and techno-savvy environment that any business enigma would require to cope-up with the testing competitive times.

After being associated with BPO Solution, KPO solution, and other IT-related outsourcing services, DK Business Patron has now decided to step foot into the financial sector with its new global financial research services. This move is surely going to be revolutionary and would turn around tables in the global market.

Building long-lasting relationships with the clients and smooth functioning have been strong points for DK Business Patron which helped it to open new dimensions of outsourced investment research services.

Industries usually outsource their business when the need to focus on core business activity intensifies. This makes it even more risky to handover secondary business activities in the hands of a third party. DK Business Patron has earned the trust of all the clients associated with it to date. It has not only stood up to the mark by providing satisfactory services but even after being a service provider, has been working dedicatedly just like an in-house unit.

Keeping in mind the ultimate goal of satisfying its clients and working together with them as one unit, the launch of the new global financial research services by DK Business Patron is going to be utterly profitable for all the new investors looking for a helping hand to thrive in the global market.

#outsourcing solutions #financial research #financial research services #financial research solutions #outsourced financial research services #financial research service outsourcing

Christa  Stehr

Christa Stehr

1602681082

Overcoming Common Serverless Challenges with Mainframe CICS Programs

By this point most enterprises, including those running on legacy infrastructures, are familiar with the benefits of serverless computing:

  • Greater scalability
  • Faster development
  • More efficient deployment
  • Lower cost

The benefits of agility and cost reduction are especially relevant in the current macroeconomic environment when customer behavior is changing, end-user needs are difficult to predict, and development teams are under pressure to do more with less.

So serverless is a no-brainer, right?

Not exactly. Serverless might be relatively painless for a new generation of cloud-native software companies that grew up in a world of APIs and microservices, but it creates headaches for the many organizations that still rely heavily on legacy infrastructure.

In particular, enterprises running mainframe CICS programs are likely to encounter frustrating stumbling blocks on the path to launching Functions as a Service (FaaS). This population includes global enterprises that depend on CICS applications to effectively manage high-volume transactional processing requirements – particularly in the banking, financial services, and insurance industries.

These organizations stand to achieve time and cost savings through a modern approach to managing legacy infrastructure, as opposed to launching serverless applications on a brittle foundation. Here are three of the biggest obstacles they face and how to overcome them.

Challenge #1

Middleware that introduces complexity, technical debt, and latency. Many organizations looking to integrate CICS applications into a microservices or serverless architecture rely on middleware (e.g., an ESB or SOA) to access data from the underlying applications. This strategy introduces significant runtime performance challenges and creates what one bank’s chief architect referred to as a “lasagna architecture,” making DevOps impossible.

#serverless architecture #serverless functions #serverless benefits #mainframes #serverless api #serverless integration

Hermann  Frami

Hermann Frami

1655426640

Serverless Plugin for Microservice Code Management and Deployment

Serverless M

Serverless M (or Serverless Modular) is a plugin for the serverless framework. This plugins helps you in managing multiple serverless projects with a single serverless.yml file. This plugin gives you a super charged CLI options that you can use to create new features, build them in a single file and deploy them all in parallel

splash.gif

Currently this plugin is tested for the below stack only

  • AWS
  • NodeJS λ
  • Rest API (You can use other events as well)

Prerequisites

Make sure you have the serverless CLI installed

# Install serverless globally
$ npm install serverless -g

Getting Started

To start the serverless modular project locally you can either start with es5 or es6 templates or add it as a plugin

ES6 Template install

# Step 1. Download the template
$ sls create --template-url https://github.com/aa2kb/serverless-modular/tree/master/template/modular-es6 --path myModularService

# Step 2. Change directory
$ cd myModularService

# Step 3. Create a package.json file
$ npm init

# Step 3. Install dependencies
$ npm i serverless-modular serverless-webpack webpack --save-dev

ES5 Template install

# Step 1. Download the template
$ sls create --template-url https://github.com/aa2kb/serverless-modular/tree/master/template/modular-es5 --path myModularService

# Step 2. Change directory
$ cd myModularService

# Step 3. Create a package.json file
$ npm init

# Step 3. Install dependencies
$ npm i serverless-modular --save-dev

If you dont want to use the templates above you can just add in your existing project

Adding it as plugin

plugins:
  - serverless-modular

Now you are all done to start building your serverless modular functions

API Reference

The serverless CLI can be accessed by

# Serverless Modular CLI
$ serverless modular

# shorthand
$ sls m

Serverless Modular CLI is based on 4 main commands

  • sls m init
  • sls m feature
  • sls m function
  • sls m build
  • sls m deploy

init command

sls m init

The serverless init command helps in creating a basic .gitignore that is useful for serverless modular.

The basic .gitignore for serverless modular looks like this

#node_modules
node_modules

#sm main functions
sm.functions.yml

#serverless file generated by build
src/**/serverless.yml

#main serverless directories generated for sls deploy
.serverless

#feature serverless directories generated sls deploy
src/**/.serverless

#serverless logs file generated for main sls deploy
.sm.log

#serverless logs file generated for feature sls deploy
src/**/.sm.log

#Webpack config copied in each feature
src/**/webpack.config.js

feature command

The feature command helps in building new features for your project

options (feature Command)

This command comes with three options

--name: Specify the name you want for your feature

--remove: set value to true if you want to remove the feature

--basePath: Specify the basepath you want for your feature, this base path should be unique for all features. helps in running offline with offline plugin and for API Gateway

optionsshortcutrequiredvaluesdefault value
--name-nstringN/A
--remove-rtrue, falsefalse
--basePath-pstringsame as name

Examples (feature Command)

Creating a basic feature

# Creating a jedi feature
$ sls m feature -n jedi

Creating a feature with different base path

# A feature with different base path
$ sls m feature -n jedi -p tatooine

Deleting a feature

# Anakin is going to delete the jedi feature
$ sls m feature -n jedi -r true

function command

The function command helps in adding new function to a feature

options (function Command)

This command comes with four options

--name: Specify the name you want for your function

--feature: Specify the name of the existing feature

--path: Specify the path for HTTP endpoint helps in running offline with offline plugin and for API Gateway

--method: Specify the path for HTTP method helps in running offline with offline plugin and for API Gateway

optionsshortcutrequiredvaluesdefault value
--name-nstringN/A
--feature-fstringN/A
--path-pstringsame as name
--method-mstring'GET'

Examples (function Command)

Creating a basic function

# Creating a cloak function for jedi feature
$ sls m function -n cloak -f jedi

Creating a basic function with different path and method

# Creating a cloak function for jedi feature with custom path and HTTP method
$ sls m function -n cloak -f jedi -p powers -m POST

build command

The build command helps in building the project for local or global scope

options (build Command)

This command comes with four options

--scope: Specify the scope of the build, use this with "--feature" tag

--feature: Specify the name of the existing feature you want to build

optionsshortcutrequiredvaluesdefault value
--scope-sstringlocal
--feature-fstringN/A

Saving build Config in serverless.yml

You can also save config in serverless.yml file

custom:
  smConfig:
    build:
      scope: local

Examples (build Command)

all feature build (local scope)

# Building all local features
$ sls m build

Single feature build (local scope)

# Building a single feature
$ sls m build -f jedi -s local

All features build global scope

# Building all features with global scope
$ sls m build -s global

deploy command

The deploy command helps in deploying serverless projects to AWS (it uses sls deploy command)

options (deploy Command)

This command comes with four options

--sm-parallel: Specify if you want to deploy parallel (will only run in parallel when doing multiple deployments)

--sm-scope: Specify if you want to deploy local features or global

--sm-features: Specify the local features you want to deploy (comma separated if multiple)

optionsshortcutrequiredvaluesdefault value
--sm-paralleltrue, falsetrue
--sm-scopelocal, globallocal
--sm-featuresstringN/A
--sm-ignore-buildstringfalse

Saving deploy Config in serverless.yml

You can also save config in serverless.yml file

custom:
  smConfig:
    deploy:
      scope: local
      parallel: true
      ignoreBuild: true

Examples (deploy Command)

Deploy all features locally

# deploy all local features
$ sls m deploy

Deploy all features globally

# deploy all global features
$ sls m deploy --sm-scope global

Deploy single feature

# deploy all global features
$ sls m deploy --sm-features jedi

Deploy Multiple features

# deploy all global features
$ sls m deploy --sm-features jedi,sith,dark_side

Deploy Multiple features in sequence

# deploy all global features
$ sls m deploy  --sm-features jedi,sith,dark_side --sm-parallel false

Author: aa2kb
Source Code: https://github.com/aa2kb/serverless-modular 
License: MIT license

#serverless #aws #node #lambda 

sophia tondon

sophia tondon

1620907027

Top 5 Banking & Financial Software Companies, Enterprises Must Consult In 2021

The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.

Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.

Read More - https://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software-companies/

#banking software companies #banking software applications #banking software development #banking software development companies #banking software development services

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3D Design Service Provider

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#3d design service provide #3d design services #3d modeling design services #professional 3d design services #industrial & 3d product design services #3d web design & development company